| Definitions | | contango |
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noun
- the situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.
- 2005: most of these other commodities are generally in contango — Futures Industry Magazine http://www.futuresindustry.org/fimagazi-1929.asp?a=1037
- the amount by which prices for future delivery are higher than prices for near deliver.
- 2003: Normally new buyers would go after the March silver contract, especially with such a small contango. — Bill Murphy, Kitco Bullion Dealers http://www.kitco.com/ind/Murphy/nov172003.html
- (obsolete, London Stock Exchange) fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day
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Full Definition of contango
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