Delivery
The action by which an underlying commodity, security, cash value, or delivery instrument covering a contract is tendered and received by the contract holder.

Investopedia Says:
Delivery can occur in option, forward, or futures contracts. In most instances, the delivery of the actual underlying is rare--contracts are typically closed before settlement.

Related Terms:
Cash Commodity
Cash Delivery
Current Delivery
Delivery Date
Delivery Instrument
Exercise
Futures
Henry Hub
Settlement
Settlement Agent

• Open Interest
• Open Listing
• Open Market Operations
• Open Market Operations
• Open-Market Transaction
• Open Offer
• Open Order
• Open Outcry
• Open Rotation
• Operating Cash Flow Demand (OCFD)
• Operating Cash Flow Demand (OCFD)
• Operating Cash Flow (OCF)
• Operating Cash Flow (OCF)
• Operating Cash Flow Ratio
• Operating Earnings
• Operating Expense
• Operating Expense
• Operating Income
• Operating Income Before Depreciation And Amortization (OIBDA)
• Operating Income Before Depreciation And Amortization (OIBDA)
• Operating Lease
• Operating Leverage
• Operating Margin
• Operating Netback
• Operating Profit