Delivery Price
The price for the delivery of underlying commodities occurring upon the expiration of a futures contract. Investopedia Says:
This price is fixed by clearing houses. Because the spot prices of commodities fluctuate during the day, it is necessary for clearing houses to set a price by which the commodity can be delivered and paid for. Related Terms:
Approved Delivery Facility
Carrying Charge
Cash Commodity
Certificated Stock
Clearing House
Delivery Instrument
Delivery Notice
Spot Price |