contract grades

Definition of "contract grades"
  1. Officially designated figures by an exchange, which authenticate a commodity's caliber as sufficient for finalizing a futures agreement
How to use "contract grades" in a sentence
  1. The exchange outlined the contract grades of the wheat before trading began.
  2. The oil futures agreement could not proceed without clear demarcation of the contract grades.
  3. The contract grades of corn set by the exchange influenced the terms of the futures contract.

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