Definitions for "Bad delivery"
Delivery of a share certificate, together with a deed of transfer, which does not meet requirements of title transfer from seller to buyer is called a bad delivery.
Antithesis of good delivery.
In stock sales, a physical transfer of the stock sold which does not confirm to stock exchange rules; the defects in delivery must be corrected for the transfer to be completed.
Keywords:  deferred, basis, futures, risk
Basis risk Deferred futures