backwardation (countable and uncountable, plural backwardations)
(finance) The situation in a futures market where prices for future delivery are lower than prices for immediate (or nearer) delivery, generally arising from a near-term shortage of a commodity.
(obsolete, London Stock Exchange) A fee paid by a seller on settlement day either to the buyer or to a third party who lends stock, when the seller wishes to defer settlement until the next settlement day.
• contango
• forwardation
Source: Wiktionary
Back`war*da"tion, n. Etym: [Backward, v.i.+ -ation.] (Stock Exchange)
Definition: 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. Biddle.
Source: Webster’s Unabridged Dictionary 1913 Edition
19 November 2024
(noun) bushy plant of Old World salt marshes and sea beaches having prickly leaves; burned to produce a crude soda ash
The word “coffee” entered the English language in 1582 via the Dutch “koffie,” borrowed from the Ottoman Turkish “kahve,” borrowed in turn from the Arabic “qahwah.” The Arabic word qahwah was traditionally held to refer to a type of wine.
