Nearby Month

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Nearby Month

Among several different futures contracts or options, describing the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the nearby month contract is the one expiring in March. It is also called the spot month. See also: Most distant futures contract.
References in periodicals archive ?
24, but not as much as the nearby delivery month, an indication that those trading for delivery two years and more in the future did not share last week in the nearby traders' strong optimism that all will be well in the world now.
For Nymex and DME the back oil contracts continued to be higher than the nearby delivery months, indicating that the belief still exists for increasing oil demand in the coming years.