good delivery
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English
Noun
- (finance, often attributive) A set of rules describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market.
- 1974, International Currency Review, volume 6, page 15:
- 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.
- 2000, William Black, The Platinum Group Metals Industry, page 25:
- The metal must be in a form that the LPPM accepts as good delivery.