CONTANGOS

9 letters 12 Scrabble points

Definition of CONTANGOS

noun

  1. The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.

  2. The amount by which prices for future delivery are higher than prices for near delivery.

  3. (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

Source: Wiktionary

Word Details

Letters C O N T A N G O S
Length 9 letters
Scrabble Score 12 points