In Sight
A term describing deliverable grades of commodities underlying futures contracts that are held in approved delivery facilities near terminals, centralized locations or production areas. Investopedia Says:
When a commodity is considered 'in sight', contract holders can assume that delivery of the actuals will be prompt, and that the quantity and quality will be precise rather than estimated. Related Terms:
Actual
Approved Delivery Facility
Basis Grade
Cash Commodity
Commodity
Delivery Instrument
Futures Contract |