Backwardation

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Backwardation \Back`war*da"tion\, n. [Backward, v. t. + -ation.]
     (Stock Exchange)
     The seller's postponement of delivery of stock or shares,
     with the consent of the buyer, upon payment of a premium to
     the latter; -- also, the premium so paid. See {Contango}.
     --Biddle.


     [1913 Webster]