/ kənˈtæŋgəʊ; NAmE -goʊ/ noun
[ U ] ( BrE , finance ) the normal situation on the Stock Exchange in which the cash price of sth is lower than its future price
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WORD ORIGIN
mid 19th cent.: probably an arbitrary formation on the pattern of Latin verb forms ending in -o in the first person singular, perhaps with the idea I make contingent (see contingent ).