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Related to contango: Backwardation
A state in which the price of a futures contract is higher than the eventual or expected spot price of the underlying commodity or security.
[Probably alteration of 19th-century stock-exchange jargon continuation, the carrying over of an account until the next designated date of settlement.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
n, pl -gos
1. (Stock Exchange) (formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
2. (Stock Exchange) Also called: carry-over or continuation the fee paid for such a postponement. Compare backwardation
vb, -goes, -going or -goed
(Stock Exchange) (tr) to arrange such a postponement of payment (for): my brokers will contango these shares.
[C19: apparently an arbitrary coinage based on continue]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Past participle: contangoed
Collins English Verb Tables © HarperCollins Publishers 2011
n (Fin) → Report m
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007