spot price Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “spot price” in the English Dictionary

"spot price" in Business English

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spot pricenoun [C]

uk   us   FINANCE
the ​price of a ​product that is being ​sold in a ​spotmarket: Massive ​currentsupply puts the ​spotprice below the ​futuresprice. The ​spotprice for copper was about 84 ​cents a ​pound.
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(Definition of spot price from the Cambridge Business English Dictionary © Cambridge University Press)
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