nearby

Etymology

From Middle English ner-bi, neer by, equivalent to near + by.

adj

1. adjacent, near, close by
   He stopped at a nearby store for some groceries.

adv

1. next to, close to
   I'm glad my friends live nearby where I can visit them.

noun

1. (finance) A futures contract, of a particular group, whose settlement date is the earliest.
   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. 1984, Jack D. Schwager, A Complete Guide to the Futures Markets, page 496
   The deferred contract should be expected to rise, and buying the deferred while selling the nearby is then profitable. 1989, Raymond M. Leuthold, Joan C. Junkus, Jean E. Cordier, The Theory and Practice of Futures Markets, page 67