Commodities and foreign currencies are traded for immediate delivery and payment on the' Spot market'-also known as a cash market. The term refers to the fact that the full cash price is paid "on the spot" or within a short period of time. A cash sale, whether arranged in person, over the telephone, or electronically, is the opposite of a forward contract, where delivery and settlement are set for a date in the future, or a futures contract, which is an agreement to trade a commodity for a set price on a specific date in the future.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). spot market. Retrieved September 26, 2026, from http://smartdefine.org/spot_market/definitions/1163955 |
| Chicago | Barry Goldsmith. 2010. "spot market" http://smartdefine.org/spot_market/definitions/1163955 (accessed September 26, 2026). |
| Harvard | Barry Goldsmith 2010, spot market, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/spot_market/definitions/1163955>. |
| MLA | Barry Goldsmith. "spot market" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/spot_market/definitions/1163955> |