nearby (plural nearbys)
- (finance) A futures contract, of a particular group, whose settlement date is the earliest.
- 1984, Jack D. Schwager, A Complete Guide to the Futures Markets, page 496:
- In each of these markets the nearbys are almost invariably at a discount — a discount that tends to widen in bull markets and narrow in bear markets.
- 1989, Raymond M. Leuthold, Joan C. Junkus, Jean E. Cordier, The Theory and Practice of Futures Markets, page 67:
- The deferred contract should be expected to rise, and buying the deferred while selling the nearby is then profitable.
Some British writers make the distinction between the adverbial near by, which is written as two words; and the adjectival nearby, which is written as one. In American English, the one-word spelling is standard for both forms. Cf. usage note in closeby.