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Bible Dictionaries
Contango

Webster's Dictionary

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(1):

(n.) The premium or interest paid by the buyer to the seller, to be allowed to defer paying for the stock purchased until the next fortnightly settlement day.

(2):

(n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.

Bibliography Information
Webster, Noah. Entry for 'Contango'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​c/contango.html. 1828.
 
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