What is the postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation. N. Biddle called?
contango — (Law) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation. N. Biddle. (Webster's 1913.)
Sources
- Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).
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- Published: 2026-07-17T00:00:00-07:00 · Modified: 2026-07-17T00:00:00-07:00