delivery instrument

Definition of "delivery instrument"
  1. A document, like a warehouse receipt or shipping certificate, that facilitates the transfer of a futures contract
How to use "delivery instrument" in a sentence
  1. The warehouse receipt, as a delivery instrument, enabled him to complete the futures contract.
  2. The buyer submitted the shipping certificate, a key delivery instrument, to finalize the transaction.
  3. Having the appropriate delivery instrument is essential for effecting delivery on a futures contract.

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