Con*tan"go (?), n.; pl. Contangoes (#). [Prob. a corruption of contingent.]

1. Stock Exchange

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.


2. Law

The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.

N. Biddle.


© Webster 1913.