contango
To charge a fee to defer settlement until the next settlement dayTo charge (a buyer) a fee to defer settlement until the next settlement day.
Meaning
1 senses(obsolete)To charge (a buyer) a fee to defer settlement until the next settlement day.
Origin
The term originated in early-19th-century England, and is believed to be a corruption of cThe term originated in early-19th-century England, and is believed to be a corruption of continuation, continue or contingent. In the past on the London Stock Exchange, contango was a fee paid by a buyer to a seller when the buyer wished to defer settlement of the trade they had agreed. The charge was based on the interest forgone by the seller not being paid.
Wiktionary, CC BY-SA 4.0 · source
Forms
contangos, contangoing, contangoed, contangoed| Base form | contango · to contango |
|---|---|
| 3rd person singular | contangos |
| Present participle | contangoing |
| Past simple | contangoed |
| Past participle | contangoed |
regular · Lesson
Lessons for this word
3 lessons- A1Present simple — Because it is a verb
- A1Past simple, regular verbs — Because of its past form
- A2Present perfect: introduction — Because of its past participle
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.