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Spot Transaction |
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Spot transaction A foregin exchange transaction in which each party promises to pay a certain amount of currency to the other on the same day or within one or two days. Spot Transaction Any transaction that does not occur in the futures or forward market. That is, the participants in a spot transaction agree to buy and sell, respectively, at the present market value and to settle the transaction a few days (usually one, two, or three) later. The term is most common in the foreign exchange market. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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