cash market

The market for the cash commodity (as contrasted to a futures contract), taking the form of — (1) an organized, self-regulated central market (e.g., a commodity exchange); (2) a decentralized over-the-counter market; or (3) a local organization, such as a grain elevator or meat processor, which provides a market for a small region.

Authorization Path: 2.5.7.2.27.0