spot price
2
6.4
- noun
- Specialized
:
precio al contado
- The benchmark spot price of crude oil has seen significant fluctuations this month.
- future spot price
- daily spot prices
- commodity spot price
You can be in Tokyo or in London or in Oslo or in New Orleans, and the spot price of gold will be the same all over the world.
- You can be in Tokyo or in London or in Oslo or in New Orleans, and the spot price of gold will be the same all over the world.
Examples
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Market clearing in the cash market therefore implies a relationship between the spot price and the change in inventories.
Academic text (2001) -
Empirical analyses of the spot-price data from Norway are also presented in this section.
Academic text (1992) -
Thus, Norway has about the same spot prices as the rest of northern Europe.
Blog text (18) -
During the same period, the number of markets reporting spot prices doubled from about 24 to 50.
Academic text (1993) -
One thing to consider is the spot price versus the quoted price.
Blog text (9) -
Our sample consists of 20 markets at which the Gas Daily continuously reported daily spot prices since July 1987.
Academic text (1993) -
The daily spot prices are a volume-weighted average of each day's trades.
Academic text (1993) -
You can be in Tokyo or in London or in Oslo or in New Orleans, and the spot price of gold will be the same all over the world.
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Investors pay close attention to the spot price of silver, as it affects their trading decisions.
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In the commodities market, the spot price for wheat is determined by current supply and demand.
Synonyms
21
2.5
The price people pay for something like shares or houses when it is bought and sold freely
7
4.5
The current market price for something like a stock or oil that you can trade
1
3.7
The money you pay to buy something and get it right away
How Current
Surface Forms
Morphology
The compound is compositionally built from 'spot' + 'price' and relates to 'price', but the sense of 'spot' here (immediate/on-the-spot delivery in markets) is a specialized, slightly shifted use that a B1 learner who only knows 'spot' as a location may not predict. Because there is a recognizable relation to immediacy (e.g. 'on the spot') but the market-specific meaning is technical, it is partially transparent rather than fully obvious.
Etymology
The term spot price comes from the idea of a sale made 'on the spot': spot means the exact place or moment of the deal and price is the money asked. So, spot price is the amount you pay when you buy or sell something 'right away'.