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spot price |
Also found in: Medical, Wikipedia, Hutchinson | 0.02 sec. |
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Spot Price The current price at which a particular commodity can be bought or sold at a specified time and place. Notes: In other words, the price that is quoted if you want to buy any commodity today.Spot price 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.
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