Delivery

The tenderTo give notice to the clearing organization of the intention to initiate delivery of the physical commodity and receipt of the actual commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated, the cash valueThe savings element of a permanent life insurance policy, which represents the policy owner's interest in the policy. of the commodity, or of a delivery instrumentA document used to effect delivery on a futures contract, such as a warehouse receipt or shipping certificate. covering the commodity (e.g., warehouse receipts or shipping certificates), used to settle a futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined. See Notice(l) Actual Notice - Express or implied knowledge of a fact. (2) Constructive notice - A fact, imputed of Delivery, Delivery NoticeThe written notice given by the seller of his intention to make delivery against an open short futures.