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Glossary > C > "Car" Definition

Car

A loose quantity term sometimes used to describe the amount of a commodity underlying one commodity contract; e.g., a car of bellies. Derived from the fact that quantities of the product specified in a contract used to correspond closely to the capacity of a railroad car.

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Car - A loose quantity term sometimes used to describe the amount of a commodity underlying one commodity contract; e.g., a car of bellies. Derived from the fact that quantities of the product specified in a contract used to correspond closely to the capacity of a railroad car.

Car : a loose quantity term sometimes used to describe the amount of a commodity underlying one commodity contract; e.g., a car of bellies. derived from the fact that quantities of the product specified in a contract used to correspond closely to the capacity of a railroad car.