Contango

1 definition found

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

  Contango \Con*tan"go\ (k[o^]n*t[a^][ng]"g[-o]), n.; pl.
     {Contangoes}. [Prob. a corruption of contingent.]
     1. (Stock Exchange) The premium or interest paid by the buyer
        to the seller, to be allowed to defer paying for the stock
        purchased until the next fortnightly settlement day.
        [Eng.]


        [1913 Webster]
  
     2. (Law) The postponement of payment by the buyer of stock on
        the payment of a premium to the seller. See
        {Backwardation}. --N. Biddle.
        [1913 Webster]