Contango

Definitions

  • Webster's Revised Unabridged Dictionary
    • Contango (Law) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
    • Contango (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.
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Century Dictionary and Cyclopedia
    • n contango On the London stock exchange, the charge made by a broker for carrying over a bargain to the next fortnightly settling-day; the consideration paid by the buyer of stock for the privilege of deferring settlement until the next settling-day.
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Chambers's Twentieth Century Dictionary
    • n Contango kon-tang′go a percentage paid by the buyer to the seller of stock for keeping back its delivery to the next settling-day, continuation—opp. to Backwardation.
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Etymology

Webster's Revised Unabridged Dictionary
Prob. a corruption of contingent,
Chambers's Twentieth Century Dictionary
From Continue.

Usage

In literature:

Let's go and chatter to Bob about contangos.
"First Plays" by A. A. Milne
Baron Contango, the Hon.
"Obiter Dicta Second Series" by Augustine Birrell
Basking in the smiles of his Dolly, he gradually forgot stocks, shares, backwardations, and contangoes.
"Fifty-Two Stories For Girls" by Various
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In news:

Has Contango Oil & Gas Become the Perfect Stock.
Commodity me and hold the contango .
Takes Two to Contango .
However, at the headquarters for Contango Capital Advisors, a wealth-management firm in Berkeley, California, bold stripes run along walls and around chairs, thanks to Huntsman Architectural Group.
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