Spot Purchase definition

Spot Purchase means a one-time purchase occasioned by a small requirement, an unusual circumstance, or to take advantage of a favorable market condition.

Spot Purchase means any purchase of fuel, reagent, or related transportation on behalf of Big Rivers where the terms and conditions are incorporated in the Letter Agreement, Purchase Order or Spot Contract and the term is typically of one year or less.

Spot Purchase means a one­time purchase occasioned by a small requirement, an unusual circumstance, or to take advantage of a favorable market condition.

Examples of Spot Purchase in a sentence

• RESOLVED: 1.1 That the procurement strategy for the Council to join the Learning Disabilities Supported Living Spot Purchase Framework be agreed.

• Stage (B):- Spot Purchase: The bank purchases LME Metals from DD&Co., which is a known metal supplier based in London (UK).

• During restoration the stores department shall play a pro-active role in making emergency purchases preferably through Standing Spot Purchase Committee ( To be formed at SS, JAG and SAG levels empowering to make spot purchases at par Tender Committee ) and supplying the same to user department at sites.

• ADI and Xcoal also entered into certain Spot Purchase Agreements (“Purchase Agreements”), to which the Master Agreement applies.

• Stage (A):Figure 6: Shares Murabaha- Spot Purchase: The bank purchases, on its own behalf, public listed shares, which qualify to Shari’a requirements of financial screening1.

• Murabaha Profit cannot be increased once it has been agreed upon between the bank and the cardholder.********************************** 756) Overdraft facilities:a- Islamic Covered Drawing (Murabaha): Stage (A):Figure 9: Islamic Covered Drawing- Spot Purchase: The bank purchases a Shari’a compliant asset on spot basis.

• Stage (A):Figure 8: Covered Card (Murabaha)- Spot Purchase: The bank purchases Murabaha Asset (either commodities, shares or Nasdaq Certificates) from a Spot Seller.

• Stage (A):- Spot Purchase: The bank purchases Nasdaq Murabaha Certificates from the Spot Seller through a brokerage firm.68 Stage (B):- Murabaha Sale: The bank sells Nasdaq Certificates on Murabaha basis to the customer.

• Spot Purchase: The acquisition of goods or services within the delegated limit where one price is quoted from one (1) vendor and additional quotes/prices or participation of vendors is not sought.

• In situations when emergency procurement is absolutely necessary to address specific requirement of goods, user department should procure such goods through emergency procurements through LTE / Spot Purchase subject to financial limits specified for such modes of procurements - duly keeping DGM (MMD) informed about the reasons of such purchase at their level.

More Definitions of Spot Purchase

Spot Purchase means a purchase of Gas by UAMPS from a Participating Member for a period of less than one month.

Spot Purchase means the purchase of a defined quantity of one Product for a specified price. Specifically, a Spot Purchase shall not include: (i) a supply agreement for an indeterminate quantity of a Product; or (ii) a purchase agreement requiring the purchase of more than one Product as part of the agreement to purchase such Product; or (iii) any series of single purchases entered into for purposes of circumventing such Spot Purchase limitations.

Spot Purchase means, as the context requires, a spot purchase Contract entered into between a Buyer and Olam using the Portal Shop as described in clause 4, for the supply of Products.