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[bak-wer-dey-shuh n] /ˌbæk wərˈdeɪ ʃən/
(on the London stock exchange) the fee paid by a seller of securities to the buyer for the privilege of deferring delivery of purchased securities.
Origin of backwardation
1840-50; backward + -ation Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for backwardation
  • Near term prices then fall back, reducing the futures market backwardation and improving the incentives to build inventories.
  • The accountant wonders if his futures market holdings back home are headed for contango or backwardation.
  • Finally, gasoline prices were in steep backwardation until recently, discouraging inventory growth at the margin.
  • Crude oil futures contracts have historically traded in backwardation, the case in which futures prices are below spot prices.
British Dictionary definitions for backwardation


noun (commerce)
the difference between the spot price for a commodity, including rent and interest, and the forward price
(formerly, on the Stock Exchange) postponement of delivery by a seller of securities until the next settlement period
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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