licensed warehouse

Definition of "licensed warehouse"
  1. A storage location approved by a commodities exchange where a commodity for futures contract delivery can be held
How to use "licensed warehouse" in a sentence
  1. The licensed warehouse was filled with beans set for delivery in the upcoming weeks.
  2. The gold kept in the licensed warehouse was earmarked for a futures contract.
  3. The oil stored in the licensed warehouse is allotted for a futures contract later this year.

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