Contango - definition, pronunciation, transcription
Amer.
|kənˈtæŋɡəʊ|
Brit.
|kənˈtæŋɡəʊ|
noun
- The situation in a futures market where prices for future delivery are higher than prices for immediate (nearer) delivery.
2005: most of these other commodities are generally in contango "” Futures Industry Magazine
- The amount by which prices for future delivery are higher than prices for near delivery.2003: Normally new buyers would go after the March silver contract, especially with such a small contango. "” Bill Murphy, Kitco Bullion Dealers
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