Spot Market
/ˈspɒt ˌmɑːrkɪt/
Definitions
- (n.) A public financial market in which commodities, securities, or currencies are bought and sold for immediate delivery and payment.
The company purchased oil on the spot market to meet urgent demand.
Forms
- spot market
- spot markets
Related terms
See also
Commentary
The term emphasizes immediacy of transaction and settlement, distinguishing spot markets from futures or forward markets where delivery is deferred.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.