In which of the following contracts is the delivery delayed, though the commodity is sold and paid for?

Question

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In a forward contract, the delivery of the commodity is delayed until a future date, even though the commodity has already been sold and paid for. Option contracts give the buyer the right, but not the obligation, to buy or sell the underlying asset at a certain price on or before a certain date. Spot contracts involve the immediate delivery of the commodity and payment at the time of the transaction. Futures contracts involve the obligation to buy or sell the underlying asset at a specified price and date in the future.

In Which of the Following Contracts Is the Delivery Delayed