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good delivery

noun

Definitions

  1. A set of rules describing the physical characteristics of gold and silver bars used in…

    A set of rules describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market.

    • The fine gold content of a good delivery bar is calculated to 0·001 of a troy ounce by multiplying the gross weight by the assay. The members of the London gold market reserve the right to vary this formula if they consider this necessary.
    • The metal must be in a form that the LPPM accepts as good delivery.

The neighborhood

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No curated loop yet for good delivery. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA