Tender

{
  "id": "MLC-T-ENV-027806",
  "term": "Tender",
  "field": "Environment",
  "definition": "1. Transfer of ownership or physical custody of a volume of gasoline or other petroleum product all of which has the same identification (reformulated gasoline, conventional gasoline, RBOB, and other non-finished-gasoline petroleum products), and characteristics (time and place of use restrictions for reformulated gasoline and RBOB).\n\n2. To give notice to the clearing organization of the intention to initiate delivery of the physical commodity in satisfaction of a short futures contract.",
  "references": [
    "40 CFR 80.126 (CFR 2013)",
    "U.S. Commodity Futures Trading Commission Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/tender/"
}