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

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
Also called: carry-over, continuation the fee paid for such a postponement Compare backwardation

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