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a deviation from the basis grade or location allowable when delivering commodities under the terms of a futures contract; Ex. oil futures contract might require you to deliver 1,000 barrels of crude with an 850 kg/m³ density and 2% sulfur content. an _________ may allow the seller to deliver within a range of 10 kg/m³ for density and 0.5% for sulfur

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1. a deviation from the basis grade or location allowable when delivering commodities under the terms of a futures contract; Ex. oil futures contract might require you to deliver 1,000 barrels of crude with an 850 kg/m³ density and 2% sulfur content. an _________ may allow the seller to deliver within a range of 10 kg/m³ for density and 0.5% for sulfur





 
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