Definitions For Contango
Verb
{{en-verb}} (obsolete, London Stock Exchange, ambitransitive) To charge (a buyer) a fee to defer settlement until the next settlement day.Noun
CONTANGO (plural s or contangoes) The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery. The amount by which prices for future delivery are higher than prices for near delivery. (obsolete, London Stock Exchange) fee, fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day.Synonyms
forwardationAntonyms
backwardationRelated terms
contangoed contangoing contango dayEtymology
The term originated in early-19th-century England, and is believed to be a corruption of continuation, continue or contingent. In the past on the w:london stock exchange, london stock exchange, contango was a fee paid by a buyer to a seller when the buyer wished to defer settlement of the trade they had agreed. The charge was based on the interest forgone by the seller not being paid.Is Contango a Scrabble Word?
Words With Friends
YES
Scrabble US
YES
Scrabble UK
YES
English International (SOWPODS)
YES
Scrabble Global
YES
Enable1 Dictionary
NO
Points in Different Games
Scrabble
11
Words with Friends
15
The word Contango is worth 11 points in Scrabble and 15 points in Words with Friends