A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities. AKA commodity futures market or commodity market.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities. AKA commodity futures market or commodity market.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.