spot market

noun

a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (distinguished from futures market).

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Origin of spot market

First recorded in 1935–40

Words nearby spot market

spot announcement, spot card, spot check, spot height, spot line, spot market, spot meter, spot news, spot pass, spot plate, spot price
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for spot market

spot market

noun

commerce a market in which commodities, currencies, or securities are traded for immediate deliveryCompare forward market
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012