Meaning of “backwardation” in the English Dictionary

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"backwardation" in Business English

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backwardationnoun [ U ]

uk /ˌbækwəˈdeɪʃn/ us /-wɚd/

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.

(Definition of “backwardation” from the Cambridge Business English Dictionary © Cambridge University Press)