- (on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment.
Origin of contango
Also called continuation.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- (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
- (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
1853, a stockbroker's invention, perhaps somehow derived from continue, or from Spanish contengo "I contain, refrain, restrain, check." As a verb, from 1900.
Online Etymology Dictionary, © 2010 Douglas Harper