Spot Commodity Law and Legal Definition
Spot commodity refers to commodity traded on the spot market, with the expectation that the buyer will take delivery. It is distinguished from a futures contract, which usually does not result in physical delivery. It is sometimes used to refer to cash commodities available for immediate delivery.
Legal Definition list
Related Legal Terms
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agricultural Commodity
- Agricultural Commodity Cooperator
- Agricultural Commodity Producer
- Bulk Agricultural Commodity
- Carry-over of Nonbasic Agricultural Commodity
- Commercial Commodity
- Commodity
- Commodity Account
- Commodity Broker (Bankruptcy)
