physical phys‧i‧cal [ˈfɪzɪkl] adjective
1. real and actual:

• the physical counting of goods in stock

2. ACCOUNTING related to assets that can be seen and touched, such as machines and buildings; = TANGIBLE:

• They had a physical plant valued at $3,455,050 and cash reserves of $729,886.

3. FINANCE involving shares, bonds etc where there are certificate S (= documents showing ownership), rather than shares etc where ownership is recorded on a computer:

• It's hard to imagine that many investors would prefer having physical certificates when a computer entry seems at least as reliable.

4. FINANCE involving Commodities (= oil, metals, farm products etc) for actual or immediate delivery, rather than futures (= contracts for delivery at a later date):

• Traders of agricultural futures contracts usually don't take physical delivery of the underlying commodity.

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physical UK US /ˈfɪzɪkəl/ adjective
relating to things you can see or touch: »

Payments for actual physical goods are not the only items involved in international trade.

ACCOUNTING, FINANCE used to describe assets that can be seen and touched, for example buildings or equipment: »

Companies must raise capital for physical assets.

FINANCE, STOCK MARKET used to describe commodities (= substances or products that can be traded) that can be bought and delivered immediately: »

physical commodities such as wheat, cotton, rice, and corn

FINANCE, STOCK MARKET used to describe shares, bonds, etc. with a certificate , rather than ones that exist only in electronic form: »

If the investor is delivered physical shares, their value will be less than the initial investment.

Financial and business terms. 2012.