good delivery

good delivery

Stipulation in purchase and sale contracts that the precious metals, securities or merchandise delivered must meet the general delivery conditions of the market. The most widely accepted standard for gold and silver bars from companies and official bodies is the good delivery list maintained by the London Bullion Market Association (LBMA). Bars must bear the stamp of an approved melter or assayer.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
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Related terms

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