contango noun & verb.
[kǝn'taŋgǝʊ] M19.[Prob. arbitrary, on the analogy of Latin 1st person pres. sing. in -o, perh. with notion '(I) make contingent'.]Commerce.
A. noun. Pl.
-os. A premium paid by a buyer of stock to postpone transfer to a future settling day. Cf.
BACKWARDATION.
M19.
Comb.:
contango day the eighth day before a settling day.
b. verb trans. Pay contango on (stocks or shares).
E20. [TahlilGaran] English Dictionary ▲