Definitions
Century Dictionary and Cyclopedia
- n. On the London stock exchange, the charge made by a broker for carrying over a bargain to the next fortnightly settling-day; the consideration paid by the buyer of stock for the privilege of deferring settlement until the next settling-day.
Wiktionary
- n. The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.
- n. The amount by which prices for future delivery are higher than prices for near delivery.
- n. obsolete, 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.
GNU Webster's 1913
- n. (Stock Exchange), engraving 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.
- n. (Law) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
Examples
“That increase from contract to contract is called contango, and it can cut into fund returns.”
“In commodities lingo, the trading pattern is called contango.”
“However, the company on Monday admitted that like other independent refiners, second-quarter results will be pressured by low margins amid increased crude costs and a contraction in a trading benefit known as contango, which in the first quarter helped earnings.”
The Wall Street Journal: Western Refining Increases Size of Stock, Note Offering
“A key dimension to continued pressure for higher prices is coming from various commodity funds trying to maintain a near-term contango in the futures market.”
“George Gero, vice president with RBC Capital Markets Global Futures, said September copper has a premium over the next-most-active July contract beyond normal "contango" -- where farther-out prices are higher because of costs including storage.”
“The forward curve for Nymex crude prices currently slopes upward -- known as a "contango" -- and is extraordinarily steep.”
“The crude futures market is now in what oil traders call a "contango" - in which oil delivered in the next few weeks is cheaper than in the following months.”
“This leaves ETFs more prone to so-called contango effects, as well as vulnerable to tax hits and front-running — when traders can jump ahead of expected trades to profit from the subsequent demand.”
The Wall Street Journal: Commodities Investors Favor Mutual Funds Over ETFs
“Many advisers recommend against oil ETFs, which suffer from a market malady known as "contango.”
“The expiring ones are usually worth less than the new ones—a condition known as "contango"—so they lose money with each roll.”
Lists
These user-created lists contain the word ‘contango’.
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Interesting words
A list of words that are odd or words that I have looked up.
concupiscence, brize, scree, scoria, forestaff, spanaemia, valetudinarianism, distasture, pyrethrum, laudanum, gentian, bicameral and 11184 more...
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Logolepsy
"Luciferous Logolepsy is a collection of over 9,000 obscure English words. Though the definition of an 'English' word might seem to be straightforward, it is not. There exist so many adopted, deriv...
Anschauung, Areopagus, Argus, Briarean, Dei gratia, Dei judicium, Deo volente, Duecento, Foehn, Geflugelte Worte, Gegenschein, Hakenkreuz and 9230 more...
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The braggadocio recipe
A selection of English* words ending with a vowel (except "y", "ea", ie", "ee", "oo", "ea", "ou") that is REALLY pronounced.
My favorite English words, by the way.
The good twin of The ...braggadocio, recipe, encyclopedia, solo, gnu, flu, maybe, apocope, mini, arrhythmia, folio, stereo and 197 more...
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Words that were new to me
but now they're not because I looked them up. In cases of polysemy or homography, *of course* it was the oddest meaning that stumped me. ;)
Procrustean bed, idem sonans, hob, backcap, quango, cheap-jack, pantechnicon, churrigueresco, chopfallen, maritorious, supererogation, catimini and 212 more...
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Umbersorrow
Intangible, anthropic.
States of being are listed on oofy.njiju, glark, deplore, afterlithe, tagmass, spuriosity, forkful, chelation, oding, ploat, botnet, quedeship and 477 more...
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looked up
Words I've come across while reading and looked up in the dictionary.
deesis, pendentive, revetment, aedicule, stemma, patera, ephod, entrepot, corbel, exedra, volute, archivolt and 1408 more...
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richardr's Words
marmoreal, osteology, tyromancy, metalepsis, idioglossia, tapinosis, epicaricacy, carromancy, rogation, senex, aulic, gemütlichkeit and 279 more...
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rememberers
prolix, ageusia, animadversion, anodyne, antic, arabesque, beadle, brachymetropia, colophon, desquamation, diaphoresis, diegesis and 3250 more...
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October List
sposh, jowlop, slampamp, spot rump, finikin, livedo, nidget, mulmul, mugient, olm, pawl, dapifer and 76 more...
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jey's Words
clerestory, outwith, sublunary, machair, luskentyre, antisyzygy, narthex, halyard, anegada, hebrides, schiehallion, quiraing and 53 more...
Tweets
Looking for tweets for contango.
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