BizTerm Definition
Spot sale
Full Definition

The sale of a foreign currency for delivery a certain number of business days, usually two, after the contract date as defined by the market spot convention. Spread 1. The difference between two or more prices. Three types of spread have other names: 1. Alligator spread. A profit made on an option where all of the profit is taken by the broker as commission. 2. Bid-offer spread. The difference between the bid price and the offer price offered by a market maker. 3. Ted spread. The difference between the price of a treasury bill and the price of the Eurodollar. 2. In securities it is the difference between the amount asked for and the amount offered for a security being traded in a market.

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