BACKWARDATION

13 letters 25 Scrabble points

Definition of BACKWARDATION

noun

  1. The situation in a futures market where prices for future delivery are lower than prices for immediate (or nearer) delivery, generally arising from a near-term shortage of a commodity.

  2. (London Stock Exchange) A fee paid by a seller on settlement day either to the buyer or to a third party who lends stock, when the seller wishes to defer settlement until the next settlement day.

Source: Wiktionary

Word Details

Letters B A C K W A R D A T I O N
Length 13 letters
Scrabble Score 25 points