Accounting
Tax Base of a Liability
March 4, 2022
Exchanges
Short Dated
March 5, 2022

An agreement to buy or sell an asset today, not in the future. That means the underlying (such as a currency, security, commodity, etc) will be delivered immediately at current market prices (spot prices). A spot contract can be contrasted with a forward contract which is, by definition, an agreement to trade an asset at a future date, with the terms and conditions being defined today.

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