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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. 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


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Word History and Origins

Origin of spot market1

First recorded in 1935–40
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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.

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

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spot linespot meter