spot price

Definition

The present delivery price of a given commodity being traded on the spot market. also called cash price.

Use spot price in a sentence

The spot price of the Japanese Yen increased from 200 yen per dollar to 300 yen per dollar over the last week.

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The spot price was acceptable so we had our broker make the transaction, this was part of our investment strategy.

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The spot price of the item was a lot different than I thought and I was wondering why it was being sold for that amount.

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