contango

[ kuhn-tang-goh ]

noun,plural con·tang·os, con·tang·oes.
  1. (on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.

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Origin of contango

1
1850–55; said to be alteration of continue or contingent

Words Nearby contango

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British Dictionary definitions for contango

contango

/ (kənˈtæŋɡəʊ) /


nounplural -gos
  1. (formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next

  2. Also called: carry-over, continuation the fee paid for such a postponement: Compare backwardation

verb-goes, -going or -goed
  1. (tr) to arrange such a postponement of payment (for): my brokers will contango these shares

Origin of contango

1
C19: apparently an arbitrary coinage based on continue

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