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. 10 June 2018. <http://www.yourdictionary.com/spot-trade>.
spot trade. (n.d.). Retrieved June 10th, 2018, from http://www.yourdictionary.com/spot-trade