Current Delivery
A type of futures contract that requires the delivery of the underlying commodity in the current or following month before other futures contracts of the same commodity with other delivery dates.
Investopedia Commentary
Multiple futures contracts delivering the same underlying commodity will have various months for delivery. A contract described as "current delivery" is the futures contract with the nearest delivery date.
Also referred to as "nearby delivery".
Related Links
Futures Fundamentals
Becoming Fluent in Options on Futures
See also: Actuals, Backpricing, Cash Commodity, Delivery, Delivery Date, Expiration Date, Futures Contract, Offset, Settlement Date, Underlying
Also spelled: nearby delivery