[ kən'taŋgəʊ ]
■ noun Brit. Stock Exchange the normal situation in which the spot or cash price of a commodity is lower than the forward price.
↘ historical a percentage paid by a buyer of stock to postpone transfer to a future settling day.
Origin
C19: prob. an arbitrary formation on the pattern of Latin verbs ending in -o in the first person singular, perh. with the idea 'I make contingent' (see contingent ).