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Refinance and Mortgage Encyclopedia - delivery instrument
Delivery InstrumentA documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. used to effect deliveryThe tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument on a futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined, such as a warehouse receiptA document certifying possession of a commodity in a licensed warehouse that is recognized for delivery or shipping certificateA negotiable instrument used by several futures exchanges as the futures delivery instrument for several. |
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