Contangoes

Contangoes
Contango Con*tan"go (k[o^]n*t[a^][ng]"g[-o]), n.; pl. {Contangoes}. [Prob. a corruption of contingent.] 1. (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. [Eng.] [1913 Webster]

2. (Law) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See {Backwardation}. --N. Biddle. [1913 Webster] ||


The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • contangoes — con·tan·go || kÉ™n tæŋgəʊ n. fee for delay, fee for postponement …   English contemporary dictionary

  • Contango — Con*tan go (k[o^]n*t[a^][ng] g[ o]), n.; pl. {Contangoes}. [Prob. a corruption of contingent.] 1. (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… …   The Collaborative International Dictionary of English

  • contango — /keuhn tang goh/, n., pl. contangos, contangoes. (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. Cf. backwardation. [1850 55; said to be alter. of… …   Universalium

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