[ kuh n-tang-goh ]
/ kənˈtæŋ goʊ /
noun, plural con·tang·os, con·tang·oes.
(on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
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“Compliment” and “complement” had a shared meaning a long time ago, but today they are no longer interchangeable.
Also called continuation.
Words nearby contango
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for contango
/ (kənˈtæŋɡəʊ) /
noun plural -gos
(formerly, on the London Stock Exchange) postponement of payment for and delivery of stock from one account day to the next
Also called: carry-over, continuation the fee paid for such a postponementCompare backwardation
verb -goes, -going or -goed
(tr) to arrange such a postponement of payment (for)my brokers will contango these shares
Word Origin for contango
C19: apparently an arbitrary coinage based on continue
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012