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De - Pt| English Dictionary: Contango | by the DICT Development Group |
| 1 result for Contango | |
| From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
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Contango \Con*tan"go\ (k[ocr]n*t[acr][nsm]"g[osl]), 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.] 2. (Law) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See {Backwardation}. --N. Biddle. | |
