1) Financial market 
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with...
A one-time delivery of the entire contract to occur within one year of contract execution.
A contractual obligation to buy or sell foreign currency for settlement on a date which typically is two business days after the trade was made.