spot commodity

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Spot commodity

A commodity that is traded with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Spot Commodity

A commodity traded on the current market. Spot commodities involve straightforward transactions; there is a buyer and a seller and the seller makes delivery of the commodity promptly when the transaction is settled. A spot commodity differs from a futures transaction, in which the buyer and seller agree to exchange the commodity at some point in the future.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

spot commodity

A commodity that is available for immediate delivery.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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She also backed our bid to have every British product clearly labelled with the Union flag so shoppers could spot goods at a glance.