In Sight

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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  3. What does it mean to take delivery of a derivative contract?

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  5. How are commodity spot prices different than futures prices?

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