delivery

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FRIDAY QUIZ CHALLENGE Test your knowledge of this week's terms Question: Once calculated, this can help a company evaluate its progress, financial performance and efficiency when compared to past data and industry competitors. Choose the Right Answer: (A) team  (B) ratio  (C) accountability  (D) market economy

TERM OF THE DAY delivery 1. General: Formal and voluntary transfer of possession by actual (physical) delivery, constructive delivery (by an agreement or understanding), or symbolic delivery (by documents) Also called presentation or presentment. 2. Futures trading: Transfer of a cash commodity from the seller of a futures contract to its buyer, in accordance with the rules of a particular futures exchange. 3. Real estate: Final, unconditional, and absolute transfer of the deed to thebuyer (the grantee) in such manner that it cannot be recalled by the seller (thegrantor). Even a properly executed deed normally does not pass title until it is delivered to the grantee. See also livery. 4. Shipping: Transfer of a shipment's copy of the bill of ... Learn more about this term Usage Example In order to fulfill the terms of a futures or commodity contract, the delivery of the specified product must occur before the settlement date.