spot market

Popular Terms
Commodities, foreign exchange, or securities trading market (usually over the counter and not through an exchange) for cash payment and almost immediate (7 business days for commodities and securities, 2 business days for foreign exchange) delivery. Also called cash market or physical market. See also futures market.

Use 'spot market' in a Sentence

The spot market was known for its fast delivery and I wanted to know more about how it worked and what function it had in relation to us.
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The spot market had a rate that was attractive enough for us to buy immediately and we promptly exercised our option at that rate.
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The origin of spot market was in 1935-40. Grain, gold, crude oil, etc are traded in exchange or over the counter (OTC) or open spot markets in early days, which guaranteed immediate delivery.
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