backwardation
/ˌbækwəˈdeɪʃn/
/-wɚd/ noun [U] Definition
› FINANCE, STOCK MARKET a situation in which the price of a commodity (= a product, such as oil or a metal, that is traded in large quantities) is lower if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately: Silver has been in backwardation for the past five weeks. → Compare contango
(Definition of backwardation noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
