backwardation Meaning in the Cambridge English Dictionary

Meaning of “backwardation” in the English Dictionary

"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)
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“backwardation” in Business English

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