spot commodity

(redirected from Spot Goods)

Spot commodity

A commodity that is traded with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered.

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.

spot commodity

A commodity that is available for immediate delivery.
References in periodicals archive ?
In the mean time, this model suppresses speculations so that price of goods is closer to spot goods.
She also backed our bid to have every British product clearly labelled with the Union flag so shoppers could spot goods at a glance.