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]
Powered by Blog Dictionary [BlogDict]
Kindly supported by
Vaffle Invitation Code
Get a Freelance Job - Outsource Your Projects | Threadless Coupon
All rights
reserved. (2008-2024)