Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A state in which the price of a futures contract is lower than the eventual or expected spot price of the underlying commodity or security.
from The Century Dictionary.
- noun On the London Stock Exchange, the premium paid by a seller of stock for the privilege of postponing its delivery to the buyer until the next fortnightly settling-day. See
contango .
from the GNU version of the Collaborative International Dictionary of English.
- noun (Stock Exchange) The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See
contango .
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance The situation in a
futures market whereprices for futuredelivery are lower than prices forimmediate (or nearer) delivery. Generally arising from a near-termshortage of acommodity . - noun obsolete, London Stock Exchange
fee paid by aseller on settlement day either to thebuyer or to a third party who lendsstock , when the seller wishes to defer settlement until the next settlement day.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
backward + -ation
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Examples
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"The methodology employed by the underlying index of USCI seeks to minimize the harmful effects of contagion by favoring commodities in backwardation (positive roll-yield) and longer-term contracts," he explains.
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"The methodology employed by the underlying index of USCI seeks to minimize the harmful effects of contagion by favoring commodities in backwardation (positive roll-yield) and longer-term contracts," he explains.
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"The methodology employed by the underlying index of USCI seeks to minimize the harmful effects of contagion by favoring commodities in backwardation (positive roll-yield) and longer-term contracts," he explains.
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A certain degree of backwardation is normal (hence the phrase "normal backwardation").
Backwardation, Arnold Kling | EconLog | Library of Economics and Liberty
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We are seeing signs of increasing demand for energy, evidenced by the oil market recently moving into "backwardation" -- where current oil contracts are priced higher than future ones.
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We are seeing signs of increasing demand for energy, evidenced by the oil market recently moving into "backwardation" -- where current oil contracts are priced higher than future ones.
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The result, analysts say, is "backwardation" - a situation in which futures-contract prices are lower than spot prices.
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The result, analysts say, is "backwardation" - a situation in which futures-contract prices are lower than spot prices.
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December Nymex crude futures dropped below the January-delivery contract, ending a situation where the front-month contract was priced higher than those further in the future, also known as backwardation.
Crude Declines on Europe Worries; Falls Out of Backwardation
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Front-month Nymex crude ended with a 14-cent premium to the second month in the fourth day of the market price structure known as backwardation, where near-month contracts are priced higher than those further out into the future.
Related Words
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- Alsatian
- Americanization
- Appalachian
- Balkanization
- Christianization
- Confederation
- Corp.
- Croatian
- Dalmatian
- Desegregation
- Finlandization
- Haitian
- Horatian
- Incarnation
- Islamization
- Japanimation
- Nation
- Plantation
- Reformation
- Revelation
- Russification
- Tribulation
- Visitation
- abbreviation
- abdication
- aberration
- abomination
- abrogation
- acceleration
- acclamation
- acclimation
- accommodation
- accreditation
- accumulation
- accusation
- acidification
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- adjudication
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- admiration
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- allocation
- alphabetization
- alsatian
- alteration
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- cetacean
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- cohabitation
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- coloration
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- combination
- commemoration
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- communication
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- commutation
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- concatenation
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- confabulation
- confederation
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- coronation
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- creation
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- crustacean
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- dalmatian
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- declaration
- decontamination
- decoration
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- dedication
- defamation
- deflation
- deforestation
- deformation
- degeneration
- degradation
- dehumanization
- dehydration
- deification
- deinstitutionalization
- delegation
- deliberation
- delineation
- demarcation
- demilitarization
- demobilization
- democratization
- demodulation
- demonization
- demonstration
- demoralization
- denationalization
- denomination
- denuclearization
- denunciation
- deportation
- depravation
- depreciation
- depredation
- deprivation
- deregulation
- derivation
- desalination
- desalinization
- desecration
- desegregation
- desiccation
- designation
- desolation
- desperation
- destabilization
- destination
- determination
- detonation
- detoxication
- detoxification
- devaluation
- devastation
- deviation
- dictation
- differentiation
- dilatation
- dilation
- discoloration
- discontinuation
- discrimination
- disembarkation
- disinclination
- disinflation
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- disintegration
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- dispensation
- disputation
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- dissemination
- dissertation
- dissipation
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- diversification
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- documentation
- domestication
- domination
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- dramatization
- duplication
- duration
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- edification
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- electrification
- elevation
- elimination
- elongation
- emanation
- emancipation
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- equalization
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- examination
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- hybridization
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- incorporation
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- industrialization
- infatuation
- infestation
- infiltration
- inflammation
- inflation
- information
- inhabitation
- inhalation
- initiation
- innovation
- inoculation
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- inspiration
- installation
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- institutionalization
- instrumentation
- insubordination
- insulation
- integration
- intensification
- internationalization
- interpretation
- interrogation
- intimation
- intimidation
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- intoxication
- inundation
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- investigation
- invitation
- invocation
- ionization
- irradiation
- irrigation
- irritation
- isolation
- jubilation
- justification
- laceration
- lactation
- legalization
- legislation
- levitation
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- liberation
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- ligation
- limitation
- liquidation
- litigation
- localization
- location
- lubrication
- machination
- magnetization
- magnification
- malformation
- manifestation
- manipulation
- marginalization
- masturbation
- maturation
- maximization
- mechanization
- mediation
- medication
- meditation
- menstruation
- migration
- mineralization
- miniaturization
- ministration
- misallocation
- misapplication
- misappropriation
- miscalculation
- mischaracterization
- miscommunication
- miscreation
- miseration
- misidentification
- misinformation
- misinterpretation
- misrepresentation
- mitigation
- mobilization
- moderation
- modernization
- modification
- modulation
- molestation
- monopolization
- motivation
- multiplication
- mummification
- mutation
- mutilation
- narration
- nation
- nationalization
- naturalization
- navigation
- negation
- negotiation
- neutralization
- nitration
- nomination
- nondiscrimination
- nonproliferation
- normalization
- notation
- notification
- nucleation
- nullification
- obfuscation
- obligation
- obliteration
- observation
- occupation
- operation
- optation
- optimization
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- orchestration
- ordination
- organisation
- organization
- orientation
- origination
- ornamentation
- oscillation
- ossification
- ostentation
- ovation
- overpopulation
- overregulation
- overvaluation
- ovulation
- oxidation
- pacification
- pagination
- palpitation
- participation
- pasteurization
- penetration
- perforation
- permutation
- perpetuation
- personalization
- personification
- perspiration
- perturbation
- pigmentation
- plantation
- polarization
- politicization
- pollination
- polymerization
- pontification
- popularization
- population
- precipitation
- predation
- predestination
- prefabrication
- premeditation
- preoccupation
- preparation
- presentation
- preservation
- pressurization
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- prevarication
- privation
- privatisation
- privatization
- probation
- proclamation
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- proliferation
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- purification
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- radiation
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- rumination
- russification
- salvation
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- saponification
- sarmatian
- saturation
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- sedation
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- segmentation
- segregation
- self-congratulation
- self-determination
- sensation
- separation
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- simplification
- simulation
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- situation
- socialization
- solicitation
- sophistication
- specialization
- specification
- speculation
- stabilization
- stagflation
- stagnation
- stalinization
- standardization
- starvation
- station
- sterilization
- stimulation
- stipulation
- strangulation
- subluxation
- subordination
- subsidization
- substantiation
- suburbanization
- suffocation
- summation
- superstation
- surrogation
- synchronization
- syndication
- tabloidization
- tabulation
- taxation
- telecommunication
- temptation
- termination
- titillation
- toleration
- transformation
- transillumination
- translation
- transplantation
- transportation
- trepidation
- triangulation
- tribulation
- ulceration
- undervaluation
- unification
- unionization
- urbanization
- usurpation
- utilization
- vacation
- vaccination
- vacillation
- validation
- valuation
- vaporization
- variation
- vegetation
- veneration
- ventilation
- verification
- vibration
- victimization
- vilification
- vindication
- violation
- visitation
- visualization
- vocation
- vulgarization
- westernization
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