Business and Personal Finance Dictionary

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• CASH MARKET
  
  1. noun - A market for buying or selling financial instruments, commodities, or other property for cash settlement and immediate (as opposed to future) delivery. Also called spot market. 2. adjective — A financial instrument or transaction for which the ownership of the financial instrument or commodity is transferred at, or very shortly after, the time of the transaction, as opposed to futures market transactions where ownership of the financial instrument or commodity is transferred, if it is transferred at all, at a later date. Also called spot or spot market transactions.
  
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