spot price

The price available in the spot market. American Banker Glossary
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The current market price of the actual physical commodity. Also called cash price. Current delivery price of a commodity traded in the spot market, in which goods are sold for cash and delivered immediately. Antithesis of futures price. Bloomberg Financial Dictionary
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The price at which a physical commodity for immediate delivery is selling at a given time and place. The cash price. Chicago Mercantile Exchange Glossary
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The price at which the spot or cash commodity is currently trading in the spot market. Exchange Handbook Glossary

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spot price spot price price1

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spot price UK US noun [C] FINANCE
the price of a product that is being sold in a spot market: »

Massive current supply puts the spot price below the futures price.

»

The spot price for copper was about 84 cents a pound.

See also CASH PRICE(Cf. ↑cash price)
Compare FORWARD PRICE(Cf. ↑forward price), FUTURES(Cf. ↑futures)

Financial and business terms. 2012.

Look at other dictionaries:

  • spot price — spot ,price noun count BUSINESS the price at which a particular product can be bought or sold at a specific time and place …   Usage of the words and phrases in modern English

  • Spot price — The spot price or spot rate of a commodity, a security or a currency is the price that is quoted for immediate (spot) settlement (payment and delivery). Spot settlement is normally one or two business days from trade date. This is in contrast… …   Wikipedia

  • Spot price — The current marketprice of the actual physical commodity. Also called cash price. The New York Times Financial Glossary * * * spot price spot price ➔ price1 * * * spot price UK US noun [C] FINANCE ► the price of a product that is being sold in a… …   Financial and business terms

  • spot price — noun the current delivery price of a commodity traded in the spot market • Syn: ↑cash price • Hypernyms: ↑price, ↑terms, ↑damage * * * noun : the price of spot goods contrasted with …   Useful english dictionary

  • Spot Price — The current price at which a particular security can be bought or sold at a specified time and place. A security s spot price is regarded as the explicit value of the security at any given time in the marketplace. In contrast, a securities… …   Investment dictionary

  • spot price — UK / US noun [countable] Word forms spot price : singular spot price plural spot prices business the price at which a particular product can be bought or sold at a specific time and place …   English dictionary

  • spot price — / spɒt praɪs/, spot rate / spɒt reɪt/ noun a current price or rate for something which is delivered immediately (also called ‘cash price’) ▪▪▪ ‘…the average spot price of Nigerian light crude oil for the month of July was 27.21 dollars per… …   Dictionary of banking and finance

  • spot price — the price of spot goods or of commodities on the spot market. * * * …   Universalium

  • Spot price —   The price for a one time open market transaction for near term delivery of a specific quantity of product at a specific location where the commodity is purchased at current market rates. See also spot market terms associated with specific… …   Energy terms

  • spot price — /ˈspɒt praɪs / (say spot pruys) noun (in commodities trading) the price agreed on for immediate delivery of the commodity …   Australian English dictionary

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