Commodity Contract

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Definition: Commodity Contract

Commodity Contract
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Full Definition of Commodity Contract

An agreement to buy or sell a commodity for a fixed price on a certain date. Buyers use these contracts to avoid the risk of a sudden spike in prices. Sellers use these contracts to lock in a certain price.

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https://payrollheaven.com/define/commodity-contract/
Modern Language Association (MLA):
Commodity Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/commodity-contract/.
Chicago Manual of Style (CMS):
Commodity Contract. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/commodity-contract/ (accessed: April 23, 2024).
American Psychological Association (APA):
Commodity Contract. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/commodity-contract/

Definition Sources

Definitions for Commodity Contract 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.