CONTANGO
8 letters
11 Scrabble points
Definition of CONTANGO
noun
-
The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.
-
The amount by which prices for future delivery are higher than prices for near delivery.
-
(London Stock Exchange) Fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day.
Related words:
forwardation
verb
-
(London Stock Exchange) To charge (a buyer) a fee to defer settlement until the next settlement day.
Source: Wiktionary
Word Details
Letters
C
O
N
T
A
N
G
O
Length
8 letters
Scrabble Score
11 points