Meaning & use
spot cash
Last updated
Meaning
noununcountablebusinessfinance
Money paid immediately at the time of a purchase, rather than later or in installments.
Grammar: Uncountable: say 'spot cash', not 'a spot cash'.
Patterns
- pay spot cash
- spot cash price
The dealer offered a discount if we paid spot cash.
Spot cash is required for any purchase under one hundred dollars.
They agreed on a spot cash deal to avoid credit terms.
Common combinations
- pay spot cash
- If you pay spot cash, the seller may lower the price.
- spot cash price
- The spot cash price is lower than the credit price.
- spot cash transaction
- A spot cash transaction settles immediately.
Synonyms and how they differ
- cash on delivery
- Cash on delivery means paying when the goods arrive, while spot cash usually means paying at the moment of the deal.
- immediate payment
- Immediate payment is a general phrase; spot cash is a more specific business term.
Opposites
Commonly confused: spot cash or petty cash?
spot cash vs petty cash
Petty cash is a small amount of money kept for minor office expenses, not payment at the time of a sale.
Practice
What does 'spot cash' mean in a business deal?
Choose one answer.
Spot cash means immediate payment. The other options describe installments, petty cash, or a loan, which are different financial ideas.
Make it your own
Write a sentence using “spot cash”, then check it and compare it with the examples above.