spot market
2
5.1
- noun
- /spɑt ˈmɑrkɪt/
- Specialized
:
mercado al contado
- In place of fixed-price contracts, many firms now rely on spot market transactions.
- electricity spot market
- spot market price
- spot market transactions
Informal institutions can be at work as well as some spot market exchanges.
- Informal institutions can be at work as well as some spot market exchanges.
Examples
-
Perhaps as much as 60% of the power will need to be purchased on the spot market.
Academic text (2001) -
So distributors were forced to use spot markets on high-demand hot days.
Blog text (9) -
However, the structure and functioning of the spot markets in these countries are quite different.
Academic text (1992) -
Of particular importance is the structure of competition in the underlying spot market.
Academic text (1992) -
Table 1 gives an idea of the nature of price variation in the Norwegian spot market.
Academic text (1992) -
There are inherent risks and high transaction costs associated with spot market participation.
Academic text (1992) -
Figure 1 gives the development of weekly spot-market prices for electricity in Norway and indicates the nature of price volatility.
Academic text (1992) -
Qatar's diversion of its LNG created Europe's first spot market for natural gas.
Blog text (18) -
The success of electricity futures will depend on whether the reorganized spot market functions competitively as intended by the policymakers.
Academic text (1992) -
Many investors choose to trade currencies in the spot market because of the immediate delivery of assets.
How Immediate
Surface Forms
Morphology
spot + market
The meaning of 'spot market' is related to the sense of 'spot' = 'immediate' or 'on the spot' combined with 'market', so there is a compositional link to 'a market for immediate delivery'. However, the 'spot' = 'immediate/for cash' sense is somewhat specialized and less frequent than literal senses of 'spot', so a B1 learner who knows basic senses of 'spot' may not reliably infer the precise financial meaning without prior exposure.
Etymology
Spot market comes from the word spot, which meant 'on the spot', or right away. Picture a buyer paying cash and taking the goods immediately; that's why a spot market means trading for 'immediate delivery' rather than later.