What is a Spot Instance?

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Can someone help me with the working and the meaning of Spot Instance? Thank you in advance.
Jan 28 in AWS by Nitesh
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1 answer to this question.

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Spot instances are the spare EC2 capacity that helps the user to save up 90% off of On-Demand prices that AWS can interrupt with a 2-minute notification. Spot uses the almost similar underlying EC2 instances as the On-Demand and Reserved Instances, and can be the best suited for fault-tolerant scenarios and flexible workloads. Spot instances provides an additional option that can be used for obtaining compute capacity and also can be used along with the On-Demand and the Reserved Instances.

answered Jan 29 by rishu

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