Voluntary transfer of title or possession from one party to another; legally recognized handing over to another of one's possessory rights.
First-Class Mail is a class of mail service that ensures rapid handling, delivery, free forwarding, and is not subject to opening for postal inspection. This service is generally used for sending letters, postcards, bills, and personal correspondence.
A transportation term indicating that the price includes delivery at the seller's expense to a specified point and no further.
A physical commodity refers to an actual, tangible commodity that is delivered to the buyer upon the completion of a commodity contract, whether it be in the spot market or futures market. Examples include agricultural products like corn and soybeans, and natural resources like gold and oil.
