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spot market

a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (distinguished from futures market).
1935-40 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for spot market
  • The premise being that my solar hot water system is subsidizing the utility's ability to sell electricity on the spot market.
  • About half have switched to longer term contracts, while the other half have switched to the spot market.
  • If they underestimate demand, they will need to purchase additional electricity on the spot market at high prices.
  • The exchange does not apply circuit breakers in the spot market, although they are used in some cases in the futures market.
  • Some chemical companies say they have already seen slightly higher prices on the spot market.
  • It should be noted however, that the spot market section is also a component within the comprehensive market section.
  • Forward-contracted cattle received lower prices than spot market cattle, while marketing agreements brought higher prices.
  • The model minimizes production costs subject to the utility-specific minimum profit margins that trigger spot market transactions.
  • Colonial will import and export gas under short-term and spot market transactions on its own behalf and as an agent for others.
  • Derivation of the spot market weighting factors depends on the particular region.
British Dictionary definitions for spot market

spot market

(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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Slang definitions & phrases for spot market

spot market

noun phrase

The free market in petroleum, outside the price scales set by the producers' organization

[1982+; spot oil is found by 1888]

The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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