contango
(on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
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Origin of contango
1- Also called continuation.
- Compare backwardation.
Words Nearby contango
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
British Dictionary definitions for contango
/ (kənˈtæŋɡəʊ) /
(formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
Also called: carry-over, continuation the fee paid for such a postponement: Compare backwardation
(tr) to arrange such a postponement of payment (for): my brokers will contango these shares
Origin of contango
1Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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