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(1) Refers to the standard delivery pointA location designated by a commodity exchange where stocks of a commodity represented by a futures contract(s) and/or qualityAn indicator of the overall quality of the primary structure. of a commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated that is deliverable on a futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined at contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder priceThe dollar amount that was offered, asked, or actually paid for a property.. Serves as a benchmarkPoint of comparison between desired clinical outcome and actual practice. upon which to base discounts or premiumsPeriodic payment to keep an insurance policy in force. for varying quality and deliveryThe tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument locations; (2) in bondWritten evidence of an obligation given by a corporation or government entity. A surety instrument. markets, an indexThe measure of interest rate changes that the lender uses to decide how the interest rate on an ARM (usually 100) representing the face valueThe principal amount of a bond (a debt instrument issued by a government, municipality or corporation). of a bond.