Category:Contango

Con*tan"go, n.; pl. Contangoes. Etym: [Prob. a corruption of contingent.]

1. (Stock Exchange)

Defn: 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.]

2. (Law)

Defn: The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation. N. Biddle.