Open Commodity Contract Law and Legal Definition
According to 17 CFR 190.01 [Title 17 -- Commodity and Securities Exchanges; Chapter I – Commodity Futures Trading Commission; Part 190 – Bankruptcy], open commodity contract means “a commodity contract which has been established in fact and which has not expired, been redeemed, been fulfilled by delivery or exercise, or been offset by another commodity contract.”
Legal Definition list
Related Legal Terms
- 30-Year Contract [Agriculture]
- Accessory Contract
- Accrual of a Contract Claim
- Action Ex Contractu
- Adhesion Contract
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agency Contract
- Agency Sales and Service Contract
- Agricultural Commodity
- Agricultural Commodity Cooperator
