The transfer of financial instruments or commodities upon purchase. American Banker Glossary
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spot delivery UK US noun [C or U]
► (also nearby delivery) FINANCE a situation in which commodities are sold to be given to the buyer immediately, rather than being sold forward (= to be taken by the buyer on a future date)
► COMMERCE a situation in which a product such as a car is paid for and taken by the customer immediately, rather than in the future: »
Spot delivery benefits the dealer because the customer has no time to reconsider or change his mind.
Financial and business terms. 2012.