Meaning of good delivery | Babel Free
Definitions
A set of rules describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market.
Examples
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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