Aluminum

Business, Legal & Accounting Glossary

Definition: Aluminum


Aluminum


Full Definition of Aluminum


An industrial metal traded on the futures market. A contract unit for aluminum equals 44,000 tons. Contract prices for aluminum move in minimum increments of $.0005, or $.05 per pound, which means that a $.01 move in the price equals $440 per contract. In general, the maximum daily price fluctuation is capped at $.20 per pound from the previous day’s close.


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Aluminum. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/aluminum/ (accessed: December 03, 2021).
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Aluminum. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/aluminum/

Definition Sources


Definitions for Aluminum are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.