English dictionary
backwardation
/,b/&/kw/@/r'd/eI//S//@/n/
Definitions, examples, synonyms and antonyms from WordNet 3.0.
noun
-
The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See <u>Contango</u>.
Source: webster1913