Definitions from the Web
Spot Market
Definition: The spot market refers to the current market price at which a commodity or financial instrument can be bought or sold for immediate delivery and payment, as opposed to future or forward contracts.
Senses and Usages:
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Financial Sense:
The spot market in the financial industry refers to the market where financial instruments like currencies, commodities, or securities are traded for immediate settlement.
Example Sentence: The foreign exchange spot market allows individuals and businesses to buy or sell currencies at their current exchange rates.
Related Products on Amazon: Forex Trading Books, Stock Market Investing Guides
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Commodity Sense:
In the commodity market, the spot market denotes the market for immediate purchase and delivery of physical goods, such as agricultural products, metals, or energy resources.
Example Sentence: Farmers can sell their freshly harvested crops in the spot market to buyers looking for immediate delivery.
Related Products on Amazon: Agricultural Commodities Primer, Metal Trading Books
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Local Usage:
In local markets, such as flea markets or farmer's markets, the spot market refers to a physical location where vendors gather to sell their products directly to customers.
Example Sentence: Every Saturday, the local spot market attracts a wide variety of vendors selling homemade crafts, fresh produce, and artisanal foods.
Related Products on Amazon: Flea Market Guides, Farmers Market Cookbook
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