Sekirov Dictionary

contango

/kənˈtæŋɡoʊ̯/

noun 3
verb 1
forms 4

noun3

•
The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery, indicating the expectation that the price of the underlying asset will go up.
- most of these other commodities are generally in contango — 2005
•
The amount by which prices for future delivery are higher than prices for near delivery.
- Normally new buyers would go after the March silver contract, especially with such a small contango. — 2003
(no longer used) Fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day.

verb1

(no longer used) To charge (a buyer) a fee to defer settlement until the next settlement day.

forms

contangoed · contangoing · contangos · contangoes

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