delivery option

Definition of "delivery option"
  1. A feature of a futures contract that gives the seller the choice to decide when, where, how much, or what quality to deliver
How to use "delivery option" in a sentence
  1. The delivery option included in the futures contract gave the farmer the flexibility he needed regarding the sale of his crop.
  2. The manufacturer took advantage of the delivery option listed in the contract to adjust the product quantity.
  3. The delivery option in our contract will allow us to adjust the quality of raw materials delivered to the production plant.

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