Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “contango”

contango

noun [U]
 
 
/kənˈtæŋɡəʊ/
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 higher if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately: The price slump would create conditions of contango, where massive current supply puts the spot price below the futures price. Much of the commodity market is at present in contango. → Compare backwardation
(Definition of contango from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of contango?
Add Cambridge dictionaries to your browser to your website

Word of the Day

maiden

a girl or young woman

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More