What is another word for spot market?
Pronunciation: [spˈɒt mˈɑːkɪt] (IPA) 
A spot market is a market where commodities are traded for immediate delivery and payment. There are many synonyms for the word "spot market" including cash market, immediate delivery market, real-time market, same-day market, and prompt market. Cash market describes a market where the payment is made in cash at the time of delivery. Immediate delivery market highlights the immediacy of the transaction. Real-time market pertains to the availability of current market information. Same-day market emphasizes the speedy delivery of the commodity. Prompt market describes a market where delivery is made within a specific period. All these synonyms characterize the essence of a spot market which is the immediate exchange of goods and payment.
