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• Is the Alternative Delivery Procedure at the New York Mercantile Exchange. It provides for longs and shorts to make and take delivery under terms which differ from those specified as good delivery for the contract. These transactions can occur at any time during a delivery period.

 
 Embedded terms in definition
 Contract
Delivery
Exchange
Good delivery
Take
Time

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The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. - F. Scott Fitzgerald

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