Definition of Spot price

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TeachMeFinance.com - explain Spot price



Spot price

The term 'Spot price' as it applies to the area of energy can be defined as ' The price for a one-time open market transaction for near-term delivery of a specific quantity of product at a specific location where the commodity is purchased LDQUO;on the spotRDQUO; at current market rates. See also spot market terms associated with specific energy types'.

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SPOT
Spot commodity
Spot market
Spot market (natural gas)
Spot market (uranium)
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Spot price
Spot purchases
SPOTNIL
Spotting
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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