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contango

   Also found in: Financial, Wikipedia 0.01 sec.
contango [kənˈtæŋgəʊ]
n pl -gos
1. (Economics, Accounting & Finance / Stock Exchange) (formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
2. (Economics, Accounting & Finance / Stock Exchange) the fee paid for such a postponement Also called carry-over continuation Compare backwardation
vb -goes, -going, -goed
(Economics, Accounting & Finance / Stock Exchange) (tr) to arrange such a postponement of payment (for) my brokers will contango these shares
[apparently an arbitrary coinage based on continue]
Translations
contango
n (Fin) → Report m


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Catherine Low, regional manager for ING's Commodities Group and Trade Finance Services in Asia, said a number of clients have been taking advantage of the contango in the market.
HOUSTON -- Contango Oil & Gas Company (NYSE Amex: MCF) announced today that the following directors were elected at the annual meeting of stockholders held on November 19, 2009: < < < < Kenneth R.
HOUSTON -- Contango Oil & Gas Company (NYSE Amex: MCF) announces that the Company's wholly-owned subsidiary, Contango Operators, Inc.
 
 
 
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