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Friday, November 22nd, 2024
the Week of Proper 28 / Ordinary 33
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Bible Encyclopedias
Contango

1911 Encyclopedia Britannica

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a Stock Exchange term for the rate of interest paid by a "bull" who has bought stock for the rise and does not intend to pay for it when the Settlement arrives. He arranges to carry over or continue his bargain, and does so by entering into a fresh bargain with his seller, or some other party, by which he sells the stock for the Settlement and buys it again for the next, the price at which the bargain is entered being called the making-up price. The rate that he pays for this accommodation, which amounts to borrowing the money involved until the next Settlement, is called the contango.

Bibliography Information
Chisholm, Hugh, General Editor. Entry for 'Contango'. 1911 Encyclopedia Britanica. https://www.studylight.org/​encyclopedias/​eng/​bri/​c/contango.html. 1910.
 
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