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Finance Dictionary and Glossary of Investment Terms
The physical commodities underlying a futures contract. Cash commodity, physical asset.
An actual physical commodity which is delivered at the completion of a contract, as opposed to a futures contract on that commodity. A futures contract will specify the number of units of the cash commodity that must be delivered, and also the specific features of the cash commodity. also called cash commodity.
1. A term used to describe the underlying in future and forward contracts, dealing with commodities rather than financial instruments.2. A term used to describe a securities historical volatitity.