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Commodity Contracts
Commodity contracts are legally binding agreements for the purchase or sale of physical goods or raw materials at a predetermined price and future date.
Buyer
A buyer is a person or entity that purchases goods or services from a seller in exchange for money or other consideration.
Ordinary Course
Activities that are considered normal, customary, or usual for a business under certain conditions.
Security Interest
A legal right or security interest on assets that have been offered as a guarantee, typically for the purpose of ensuring the repayment of borrowed money.
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