Noun: contango kun'tang-gow
- (finance) a situation where the futures price of a commodity is higher than the spot price
"The oil market was in contango, with future prices exceeding current prices"
- (finance) the premium paid by a buyer to a seller to postpone delivery of a commodity or security
"The trader paid a contango to delay taking delivery of the wheat"
Derived forms: contangos
Encyclopedia: Contango