contango
[ kuh n-tang-goh ]
/ kənˈtæŋ goʊ /
noun, plural con·tang·os, con·tang·oes.
(on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
Also called
continuation.
Compare
backwardation.
Origin of contango
1850–55; said to be alteration of
continue or
contingent
Words nearby contango
containment, policy of,
contakion,
contaminant,
contaminate,
contamination,
contango,
contd,
contd.,
conte,
contemn,
contemp.
British Dictionary definitions for contango
contango
/ (kənˈtæŋɡəʊ) /
noun plural -gos
(formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
verb -goes, -going or -goed
(tr)
to arrange such a postponement of payment (for)
my brokers will contango these shares
Word Origin for contango
C19: apparently an arbitrary coinage based on
continue