spot market

noun

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

spot market

noun

1. See forward market
   commerce a market in which commodities, currencies, or securities are traded for immediate delivery Compare forward market

Word History and Origins

Origin of spot market¹

First recorded in 1935–40

Example Sentences

The smallest commercial utility, Greater Minnesota Gas, said it had enough of a supply in storage in February and was able to avoid the spot market.

From Washington Post

She said the utilities should demonstrate why they had to rely so heavily on the spot market.

From Washington Post