CONTANGOED

Verb

contangoed

simple past tense and past participle of contango

Source: Wiktionary


CONTANGO

Con*tan"go, n.; pl. Contangoes. Etym: [Prob. a corruption of contingent.]

1. (Stock Exchange)

Definition: The premium or interest paid by the buyer to the seller, to be allowed to defer paying for the stock purchased until the next fortnightly settlement day. [Eng.]

2. (Law)

Definition: The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation. N. Biddle.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

16 January 2025

BOOK

(noun) a collection of rules or prescribed standards on the basis of which decisions are made; “they run things by the book around here”


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Coffee Trivia

Espresso is both a coffee beverage and a brewing method that originated in Italy. When making an espresso, a small amount of nearly boiling water under pressure forces through finely-ground coffee beans. It has more caffeine per unit volume than most coffee beverages. Its smaller serving size will take three shots to equal a mug of standard brewed coffee.

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