nearby

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Nearby

The nearest active trading month of a financial or commodity futures market. Related: Deferred futures.

Current Delivery

Among several different futures contracts, the one with the shortest maturity. For example, given three futures contracts, one expiring in March, one in June, and one in September, the current deliver is the one expiring in March. It is also called the nearby deliver. See also: Most distant futures contract.

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.

nearby

In futures and options trading, the contract month that has the closest delivery or expiration. Also called lead month. Compare furthest out.