Market for the purchase or sale of financial instruments, commodities, or other assets for cash settlement and immediate, as opposed to future, delivery.
Also called the cash market. American Banker Glossary
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The market in which cash transactions occur — commodities (cattle, currencies, stocks, etc.) are bought and sold for cash and delivered immediately. Chicago Mercantile Exchange Glossary
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A market whose trades deliver and settle immediately (normally two working days after the trade). Also known as cash market and physical market.
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spot market UK US noun [C] (also cash market, also spot cash market)
► FINANCE, MONEY a market for currencies or commodities in which they are sold and given to the buyer immediately, rather than being sold forward (= to be taken on a future date): »
Crude oil prices fell to just over $26 a barrel yesterday on New York's spot markets.
Financial and business terms. 2012.