01 n. 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 s…
pl.
Contangoes ((#))
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1.
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.(Stock Exchange) [Eng.]
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2.
The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.(Law) See: Backwardation