Bible Dictionaries
Backwardation
Webster's Dictionary
(n.) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; - also, the premium so paid. See Contango.
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Bibliography Information
Webster, Noah. Entry for 'Backwardation'. Noah Webster's American Dictionary. https://www.studylight.org/dictionaries/eng/web/b/backwardation.html. 1828.