Akademik

spot price
The price available in the spot market. American Banker Glossary
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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
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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
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The price at which the spot or cash commodity is currently trading in the spot market. Exchange Handbook Glossary

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spot price spot price price1

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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.

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The spot price for copper was about 84 cents a pound.

See also CASH PRICE(Cf. ↑cash price)
Compare FORWARD PRICE(Cf. ↑forward price), FUTURES(Cf. ↑futures)

Financial and business terms. 2012.