Commodate - Law Dictionary Search Results
Speculative transaction
Act defines a speculative transaction as 'a transaction in which a contract for purchase and sale of any commodity including stocks and shares is periodically or ultimately settled otherwise than by the actual delivery or transfer of
Business
a profit motive, and not for sport or pleasure. Whether a person carries on business in a particular commodity must depend upon the volume, frequency, continuity and regularity of transaction of purchase and sale in a class
Barter
Barter, to exchange one commodity for another, or truck wares for wares. Means the trade by excluding one commodity or service for another,
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contract
a privately negotiated investment contract in which a buyer commits to purchase something (as a quantity of a commodity, security, or currency) at a predetermined price on a set future date called also forward futures contract :
fungible
fungible [New Latin fungibilis, from Latin fungi to perform] : being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt
future
traded on an exchange in which a party agrees to buy or sell a quantity of a bulk commodity (as soybeans) at a specified future date and at a set price usually used in pl. NOTE: If
naked
or of exclusive control, use, or possession 2 : not backed by the option writer's ownership of the commodity, the contract for the commodity, or the security
short
at the time of the sale] b : consisting of or relating to a sale of securities or commodities that the seller does not possess or has not contracted for at the time of the sale [a
spread
price b : a transaction in which a participant hedges with simultaneous long and short options in different commodities or different delivery dates in the same commodity 3 : an arbitrage transaction operated by buying and selling
utility
for some purpose or worth to some end 2 a : public utility b : a service or commodity provided by a public utility [paid for rent and utilities] ;also : equipment or material used in providing
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