- The futures contract month closest to expiration. Also referred to as nearby delivery month. Chicago Board of Trade glossary————————The contract month of a futures contract which is also the current calendar month. Usually used as the current delivery month for a commodity. Chicago Mercantile Exchange Glossary————The contract month closest to delivery or expiry. Exchange Handbook Glossary
* * *The nearest dated futures contract.
Financial and business terms. 2012.
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spot month — /ˈspɒt mʌnθ/ (say spot munth) noun (in futures trading) the month when all contracts dated for that month mature … Australian English dictionary
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