good delivery

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English

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Noun

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good delivery (uncountable)

  1. (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.
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