English Dictionary: backwardation | by the DICT Development Group |
1 result for backwardation | |
From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
Backwardation \Back`war*da"tion\, n. [Backward, v. i.+ -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. |