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Contango

The sum paid by a speculator on a “bull account” (i.e. a speculation on the rise in the price of certain stock), to defer completing the bargain till the next settling day. (See Backwardation.)

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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.

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Backwardation (Stockbrokers term)