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Meaning of contango

con•tang•o

Pronunciation: (kun-tang'gō), [key]
— pl. -gos, -goes.
  1. (on the London stock exchange) a fee paid by a buyer of securities to the seller for the privilege of deferring payment. Also calledCf. backwardation.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.