agreement to exchange currency immediately. Spot is used as a synonym for cash.
Still, the transaction will take several days to settle. The term typically is
used in the foreign exchange market.
"spot trade." YourDictionary, n.d. Web. 20 September 2018. <http://www.yourdictionary.com/spot-trade>.
spot trade. (n.d.). Retrieved September 20th, 2018, from http://www.yourdictionary.com/spot-trade
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