a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (distinguished from futures market).
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use spot market in a sentence
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.Minnesota gasps at the financial damage it faces from the Texas freeze | Will Englund | April 22, 2021 | Washington Post
She said the utilities should demonstrate why they had to rely so heavily on the spot market.Minnesota gasps at the financial damage it faces from the Texas freeze | Will Englund | April 22, 2021 | Washington Post
British Dictionary definitions for spot market
commerce a market in which commodities, currencies, or securities are traded for immediate delivery: Compare 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