Delivery

Delivery refers to the act of giving or handing over goods, products, items etc. to the person who has ordered those or who is entitled to receive, as per ownership, title, agreement or a contract. Delivery happens when there is a contract between two parties, and an agreement on the price and the date on which the contract will mature. The seller will then be required to make a delivery as per the contract agreement to the buyer. In stock markets, ‘delivery’ means transferring a commodity, currency, security or other financial instrument that is mentioned in the contract. It is also used for delivery of shares in a client’s demat account or in context to futures and options contracts, settling in cash. In the case of some commodities, ‘delivery’ may refer to physical delivery of the commodity.