spot market
noun
a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (distinguished from futures market).
Origin of spot market
First recorded in 1935–40
Words nearby spot market
spot announcement,
spot card,
spot check,
spot height,
spot line,
spot market,
spot meter,
spot news,
spot pass,
spot plate,
spot price
British Dictionary definitions for spot market
spot market
noun
commerce
a market in which commodities, currencies, or securities are traded for immediate delivery
Compare forward market