Contango



[kuh n-tang-goh] /kənˈtæŋ goʊ/

noun, plural contangos, contangoes.
1.
(on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
/kənˈtæŋɡəʊ/
noun (pl) -gos
1.
(formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
2.
Also called carry-over, continuation. the fee paid for such a postponement Compare backwardation
verb -goes, -going, -goed
3.
(transitive) to arrange such a postponement of payment (for): my brokers will contango these shares

1853, a stockbroker’s invention, perhaps somehow derived from continue, or from Spanish contengo “I contain, refrain, restrain, check.” As a verb, from 1900.

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