Glossary Term: SPOT
Definition(s) for SPOT:
1. ) refers to the price in the cash market for delivery using the standard market convention. In the foreign exchange market, spot is delivered for value two days from the transaction date or for the next day in the case of the Canadian dollar exchanged against the US dollar.
2. ) Usuallyrefers to a cash market price for a physical commodity that is available forimmediate delivery.
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See Also:
SPOT DELIVERY, SPOT MARKET, SPOT PRICE, SPOT RATE, SPOT YIELD CURVE, EXPECTED SPOT RATE, SOFT SPOT, THEORETICAL SPOT RATE CURVE, AT-THE-MONEY SPOT, SPOT MONTH, SPOT TRANSACTION, SPOT VALUE (OR SPOT PRICE)
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Fund Letters
