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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Word of the Day

8 July 2024

PATH

(noun) a line or route along which something travels or moves; “the hurricane demolished houses in its path”; “the track of an animal”; “the course of the river”


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Coffee Trivia

The first coffee-house in Mecca dates back to the 1510s. The beverage was in Turkey by the 1530s. It appeared in Europe circa 1515-1519 and was introduced to England by 1650. By 1675 the country had more than 3,000 coffee houses, and coffee had replaced beer as a breakfast drink.

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