SPOT COMMODITY Definition

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SPOT COMMODITY is a commodity traded with the expectation that it will actually be delivered to the buyer, as contrasted with to a FUTURES CONTRACT that will usually expire without any physical delivery actually taking place. Spot commodities are traded in the SPOT MARKET.

Learn new Accounting Terms

PRICE EARNING RATIO see PRICE EARNINGS MULTIPLE.

REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

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