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.

BREAKING DOWN '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.

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RELATED FAQS
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  2. How can an investor terminate a derivative contract?

    Read a brief overview about some of the different ways that derivatives traders can terminate their contracts early, including ... Read Answer >>
  3. What does it mean to take delivery of a derivative contract?

    Find out more about derivative contracts and what it means when the holders of derivative contracts take delivery of the ... Read Answer >>
  4. What's the difference between cash-on-delivery differ and delivery against payment?

    Find out more about cash on delivery and delivery versus payment transactions and the difference between these two types ... Read Answer >>
  5. Why do futures' prices converge upon spot prices during the delivery month?

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