Term which describes one-time open market cash transaction, where a commodity is purchased "on the' SPOT'" at current market rates. Spot transactions are in contrast to term sales, which specify a steady supply of product over a period of time.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). spot. Retrieved September 22, 2026, from http://smartdefine.org/spot/definitions/1163944 |
| Chicago | Barry Goldsmith. 2010. "spot" http://smartdefine.org/spot/definitions/1163944 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, spot, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/spot/definitions/1163944>. |
| MLA | Barry Goldsmith. "spot" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/spot/definitions/1163944> |