CONTANGOING
Verb
contangoing
present 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
12 January 2025
HABIT
(noun) (psychology) an automatic pattern of behavior in reaction to a specific situation; may be inherited or acquired through frequent repetition; “owls have nocturnal habits”; “she had a habit twirling the ends of her hair”; “long use had hardened him to it”
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