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

25 November 2024

ONCHOCERCIASIS

(noun) infestation with slender threadlike roundworms (filaria) deposited under the skin by the bite of black fleas; when the eyes are involved it can result in blindness; common in Africa and tropical America


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Coffee Trivia

Decaffeinated coffee comes from a chemical process that takes out caffeine from the beans. Pharmaceutical and soda companies buy the extracted caffeine.

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