delivery contract
111Cash On Delivery - COD — A type of transaction in which payment for a good is made at the time of delivery. If the purchaser does not make payment when the good is delivered, then the good will be returned to the seller. Payment can be made by cash, certified check or… …
112physical delivery — settlement of a contract by the delivery or receipt of a financial instrument ( instruments) or commodity. Contrast with cash settlement, where no delivery of an underlying physical asset takes place. Dresdner Kleinwort Wasserstein financial… …
113forward delivery — Terms of a contract in which goods are purchased for delivery at some time in the future (compare spot goods). Commodities may be sold for forward delivery up to one year or more ahead, often involving shipment from their port of origin …
114premature delivery — A delivery by the seller of goods in advance of the time of delivery as fixed by the contract of sale. 46 Am J1st Sales § 232. See premature birth …
115Variable prepaid forward contract — A Prepaid Variable Forward contract (PVF) is an investment strategy that allows an investor with a concentrated stock holding to generate liquidity for diversification or other purposes. Additionally, the investor will receive cash in hand… …
116shipment contract — Any agreement for the sale of goods under which the seller is authorized or required only to bear the expense of putting the goods in the hands of a common carrier and bears the risk of loss only up to that point. A contract for the sale of goods …
117current delivery month — The delivery month that typically identifies the futures contracts that expire within that month. Chicago Mercantile Exchange Glossary The most current calendar month in which a futures contract comes to maturity and becomes deliverable. Also… …
118physical delivery — The settlement of an option or futures contract by the delivery of the underlying rather than an equivalent cash settlement …
119place of delivery — The place where delivery is to be made of goods sold. If no place is specified in the contract, the articles sold must, in general, be delivered at the place where they are at the time of the sale. Hatch v. Standard Oil Co., 100 U.S. 124, 25 L.Ed …
120collect on delivery — A provision, usually abbreviatcd to c.o.d., in a contract of shipment, whereby the carrier undertakes to collect from the consignee, upon delivery, a specified amount for and on behalf of the consignor, in addition to the carrier s own charges.… …
