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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