Investopedia

Delivery

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Dictionary Says

Definition of 'Delivery'

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

Investopedia explains 'Delivery'

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.

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