In Sight

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DEFINITION of 'In Sight'

A term describing deliverable grades of commodities underlying futures contracts that are held in approved delivery facilities near terminals, centralized locations or production areas.

INVESTOPEDIA EXPLAINS 'In Sight'

When a commodity is considered 'in sight', contract holders can assume that delivery of the actuals will be prompt, and that the quantity and quality will be precise rather than estimated.

RELATED TERMS
  1. Basis Grade

    The minimum accepted standard that a deliverable commodity must ...
  2. Actuals

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  3. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  4. Approved Delivery Facility

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  5. Cash Commodity

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  6. Futures Contract

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