The AI-powered English dictionary
countable and uncountable, plural contangos or contangoes
The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery, indicating the expectation that the price of the underlying asset will go up. quotations examples
most of these other commodities are generally in contango
2005, Futures Industry Magazine
The amount by which prices for future delivery are higher than prices for near delivery. quotations examples
Normally new buyers would go after the March silver contract, especially with such a small contango.
2003, Bill Murphy, “Kitco Bullion Dealers”, in (Please provide the book title or journal name)
(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. quotations
Yesterday was Settling Day in Consols, and Monday next the Settling of Omnium. Owing to the great scarcity of money, the Contango on both is extremely great, nearly equal to 15 per cent. for money, from account to account.
1803 February 28, “York, &c. news”, in York Herald, page 2
third-person singular simple present contangos, present participle contangoing, simple past and past participle contangoed
(obsolete, London Stock Exchange, transitive, intransitive) To charge (a buyer) a fee to defer settlement until the next settlement day.