nearby

Adjacent, near, close by.

He stopped at a nearby store for some groceries.

Seals are flourishing about 50 miles farther south, too. In 2021, a group of grey seals established the first seal colony in nearby Suffolk and began breeding on a remote shingle beach at Orford Ness, now a National Trust site but once the location for cold war weapons-testing.

Next to, close to.

I'm glad my friends live nearby where I can visit them.

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.

The deferred contract should be expected to rise, and buying the deferred while selling the nearby is then profitable.