CONTANGOES

Noun

contangoes

plural 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.

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

2 July 2024

CIRCULATE

(verb) move through a space, circuit or system, returning to the starting point; “Blood circulates in my veins”; “The air here does not circulate”


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Coffee Trivia

The New York Stock Exchange started out as a coffee house.

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