Delivery

What does it Mean? The action by which an underlying commodity, security, cash value, or delivery instrument covering a contract is tendered and received by the contract holder.
 
Investopedia Says... Delivery can occur in option, forward, or futures contracts. In most instances, the delivery of the actual underlying is rare--contracts are typically closed before settlement.

Terms Related Links

Cash Commodity
Cash Delivery
Current Delivery
Delivery Date
Delivery Instrument
Exercise
Futures
Henry Hub
Settlement
Settlement Agent

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