contango

/K AH0 N T AE1 NG G OW0/
noun
  1. 1

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

  2. 2

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

  3. 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.

Synonyms

forwardation
verb
  1. 1

    (London Stock Exchange) To charge (a buyer) a fee to defer settlement until the next settlement day.

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Source: https://en.wiktionary.org/wiki/contango

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