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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.
References in classic literature ?
A man, knee-deep near the towing path, shouted inaudibly to me and pointed.
I took a copy of this letter, and finding it lay at the house near a month and was not called for, I found means to have the copy of it put into his own hands at a coffee-house, where I had by inquiry found he used to go.
Under these reflections I continued very pensive and sad for near month, and did not go down to the Bath, having no inclination to be with the woman whom I was with before; lest, as I thought, she should prompt me to some wicked course of life again, as she had done; and besides, I was very loth she should know I was cast off as above.
In five days more we came to Veussima, upon the river Witzogda, and running into the Dwina: we were there, very happily, near the end of our travels by land, that river being navigable, in seven days' passage, to Archangel.
To conclude: having stayed near four months in Hamburgh, I came from thence by land to the Hague, where I embarked in the packet, and arrived in London the 10th of January 1705, having been absent from England ten years and nine months.
In the interval of time while this was doing, I went out once at least every day with my gun, as well to divert myself as to see if I could kill anything fit for food; and, as near as I could, to acquaint myself with what the island produced.
Then it occurred to me again, how well I was furnished for my subsistence, and what would have been my case if it had not happened (which was a hundred thousand to one) that the ship floated from the place where she first struck, and was driven so near to the shore that I had time to get all these things out of her; what would have been my case, if I had been forced to have lived in the condition in which I at first came on shore, without necessaries of life, or necessaries to supply and procure them?
"Near the Island of Santorin, sir," replied the Captain.
But on the 3rd of February, 1866, a new island, which they named George Island, emerged from the midst of the sulphurous vapour near Nea Kamenni, and settled again the 6th of the same month.
"It is necessary to say, however," he went on, "that the skull was fractured in several places, as by blows of some blunt instrument; and that instrument itself--a pick-handle, still stained with blood-- lay under the boards near by."
The picture showed a dark man with an evil face made more forbidding by a long scar extending from near the temple diagonally downward into the black mustache.
I drew near houses; I left them, and came back again, and again I wandered away: always repelled by the consciousness of having no claim to ask--no right to expect interest in my isolated lot.