Definitions for "Spot Market"
A short-term contract (typically 30 days) for the sale or purchase of a specified quantity of oil or gas at a specified price.
Commodity transactions in which the transaction commencement is near term (e.g., within 10 days) and the contract duration is relatively short (e.g., 30 days).
A market for exchange (of currencies, in the case of the exchange market) in the present (as opposed to a forward or futures market in which the exchange takes place in the future).
This is a term used in the wholesale purchase of electricity by suppliers within the regional transmission organization.
Short-term purchases of electricity from surpluses available for a short time.
Also called an exchange, a marketplace where goods and services are valued, but not necessarily delivered until a future settlement date.
Keywords:  month, price
spot month spot price