Grading Certificate
A document, issued by inspectors or approved graders, that formally signifies the quality of a commodity.

Investopedia Says:
The grading certificate is important, as many futures contracts permit a spread in the basis grade of a deliverable commodity.

Related Terms:
Approved Delivery Facility
Basis
Basis Grade
Commodity
Delivery Instrument
Differential
Futures Contract
Spread

• Predatory Lending
• Pre-Existing Condition
• Preferred Dividend
• Preferred Dividend Coverage Ratio
• Preferred Equity Redemption Stock (PERC)
• Preferred Equity Redemption Stock (PERC)
• Preferred Redeemable Increased Dividend Equity Security (PRIDES)
• Preferred Redeemable Increased Dividend Equity Security (PRIDES)
• Preferred Stock
• Preliminary Prospectus
• Pre-Market
• Premium
• Premium Adjustable Convertible Security (PEACS)
• Premium Adjustable Convertible Security (PEACS)
• Premium Bond
• Premium Put Convertible
• Premium To Net Asset Value
• Pre-Money Valuation
• Prenuptial Agreement
• Prepaid Expense
• Prepaid Interest
• Prepayment
• Prepayment Penalty
• Prepayment Risk
• Prepetition Liability