Spot rate

The Jolly Contrarian’s Dictionary The snippy guide to financial services lingo.™ →Go uptown Index — Click ᐅ to expand: Dictionary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Spot rate /spɒt reɪt/ (n.)
1. The mark to market value on a business day of a Jack Russell terrier.
2. The quoted price for immediate settlement of a commodity, security or currency based on its value when the quote is given.