spot market

noun
1.
a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (distinguished from futures market).
Origin
1935-40
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

noun
1.
(commerce) a market in which commodities, currencies, or securities are traded for immediate delivery Compare forward market
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]