Spot Price
Summary of Spot Price
The price of a commodity in the Spot Market (read this and related legal terms for further details), i.e., the price quoted for immediate sale and delivery.
(Main Author: William J. Miller)
Spot Price in International Trade
Meaning of Spot Price, according to the Dictionary of International Trade (Global Negotiator): A price quotation for immediate sale and delivery of a commodity or currency.
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