Tender

To give notice(l) Actual Notice - Express or implied knowledge of a fact. (2) Constructive notice - A fact, imputed to the clearing organizationAn entity through which futures and other derivative transactions are cleared and settled. It is also of the intention to initiate deliveryThe tender and receipt of the actual commodity, the cash value of the commodity, or of a delivery instrument of the physical commodityA commodity, as defined in the Commodity Exchange Act, includes the agricultural commodities enumerated in satisfactionDischarge of a mortgage or trust deed from the records upon payment of the debt. of a short(1) The selling side of an open futures contract; (2) a trader whose net position in the futures market futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined. Also see RetenderIn specific circumstances, some exchanges permit holders of futures contracts who have received a delivery.