sample grade

Definition of "sample grade"
  1. The lowest quality level of a commodity that is considered unacceptable for futures contract delivery
How to use "sample grade" in a sentence
  1. The wheat produced was of sample grade and thus couldn't be included in the futures contract.
  2. Investors were disappointed when the mined gold was determined to be sample grade.
  3. If the goods offered are only of sample grade, they aren't eligible for trade in futures contracts.

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