contango
noun
Definitions
The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.
The amount by which prices for future delivery are higher than prices for near delivery.
(London Stock Exchange) Fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day.
verb
Definitions
(London Stock Exchange) To charge (a buyer) a fee to defer settlement until the next settlement day.