BACKWARDATIONS

Noun

backwardations

plural of backwardation

Source: Wiktionary

BACKWARDATION

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

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