What is the meaning of Contango?

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

Webster's Revised Unabridged Dictionary

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APA	Webster's. (2011). Contango. Retrieved September 22, 2026, from http://smartdefine.org/contango/definitions/1990905
Chicago	Webster's. 2011. "Contango" http://smartdefine.org/contango/definitions/1990905 (accessed September 22, 2026).
Harvard	Webster's 2011, Contango, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/contango/definitions/1990905>.
MLA	Webster's. "Contango" 27 May 2011. Web. 22 September 2026. <http://smartdefine.org/contango/definitions/1990905>

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Webster's Barry Goldsmith