The price available in the spot market. American Banker Glossary
————
The current market price of the actual physical commodity. Also called cash price. Current delivery price of a commodity traded in the spot market, in which goods are sold for cash and delivered immediately. Antithesis of futures price. Bloomberg Financial Dictionary
————
The price at which a physical commodity for immediate delivery is selling at a given time and place. The cash price. Chicago Mercantile Exchange Glossary
————
The price at which the spot or cash commodity is currently trading in the spot market. Exchange Handbook Glossary
* * *
* * *
spot price UK US noun [C] FINANCE
► the price of a product that is being sold in a spot market: »
Massive current supply puts the spot price below the futures price.
»The spot price for copper was about 84 cents a pound.
Financial and business terms. 2012.