Business, Legal & Accounting Glossary
A document that represents a commodity being traded. Usually used when dealing with futures contracts, a delivery instrument is often used to fulfill a contract, instead of delivering the actual asset. Understandably, a document is easier to deal with then a commodity, so often times a party will be provided with a receipt or something similar instead of the commodity itself.
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This glossary post was last updated: 20th November, 2021 | 0 Views.