spot market Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “spot market” in the English Dictionary

"spot market" in Business English

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spot marketnoun [C]

uk   us   (also cash market, also spot cash market)
FINANCE, MONEY a ​market for ​currencies or commodities in which they are ​sold and given to the ​buyer immediately, rather than being ​sold forward (= to be taken on a future ​date): Crude ​oilpricesfell to just over $26 a ​barrel yesterday on New York's ​spotmarkets.
(Definition of spot market from the Cambridge Business English Dictionary © Cambridge University Press)
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