CONTANGOS

Noun

contangos

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.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

27 May 2025

DIRECTIONALITY

(noun) the property of being directional or maintaining a direction; “the directionality of written English is from left to right”


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Coffee Trivia

According to Guinness World Records, the most massive cup of coffee contained 22,739.14 liters and was created by Alcaldía Municipal de Chinchiná (Colombia) at Parque de Bolívar, Chinchiná, Caldas, Colombia, on 15 June 2019. Fifty people worked for more than a month to build this giant cup. The drink prepared was Arabic coffee.

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