spot market

Definition

A market in which commodities, such as grain, gold, crude oil, or RAM chips, are bought and sold for cash and delivered immediately. also called cash market.

Use spot market in a sentence

I was a seasoned veteran of the spot market and I had a lot of fun with it every day and it was really interesting.

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Cash for gold companies is a good example of a spot market, which is a market that buys and sells certain commodities for cash.

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We had entered the spot market intending on making a transaction that would facilitate the underlying and desired trade for us.

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physical market spot commodity