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Definition of Contango
1. n. 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.
Definition of Contango
1. Noun. The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery. ¹
2. Noun. The amount by which prices for future delivery are higher than prices for near delivery. ¹
3. Noun. (obsolete London Stock Exchange) Fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day. ¹
¹ Source: wiktionary.com
Definition of Contango
1. a stock exchange practice [n -S]
Lexicographical Neighbors of Contango
Literary usage of Contango
Below you will find example usage of this term as found in modern and/or classical literature:
1. The theory of stock exchange speculation by Arthur Crump (1875)
"The contango rates depend upon different circumstances. Sometimes, instead of
having to pay any contango, a bull will get something paid to him. ..."
2. Stocks and Shares by Hartley Withers (1910)
"When this mutual accommodation is carried out between the bull and the bear, the
bull normally pays a contango rate to the bear, because the practical ..."
3. McNeill's Code: Arranged to Meet the Requirements of Mining, Metallurgical by Bedford McNeill (1899)
"The lode contains The ore contains The pipe contains The quartz contains The
chute contains What does it contain contango(es) contango rates What is the ..."
4. The Investor's Catechism by Marcus Mathias Reynolds (1909)
"In the seller's case such a premium is called Backwardation, but in the buyer's
case it is called contango. What are CONTINENTAL MARKETS? ..."
5. Slang and Its Analogues Past and Present: A Dictionary, Historical and by John Stephen Farmer, William Ernest Henley (1891)
"contango,subs. (Stock Exchange). —A fine paid by the buyer to the seller of stock
for carrying over the engagement to another settling day, and representing ..."
6. Southern Law Review and Chart of the Southern Law and Collection Union by William S. Hein & Company (1876)
"If so, instead of requiring to be paid for the contango, he will be glad to pay a
... In such case the jobber is entitled to a contango premium, ..."
Other Resources:
