I. kənˈtaŋgō noun
( plural contangos or contangoes )
Etymology: perhaps alteration of continue
: premium or interest paid on a fixed day on the London stock exchange by a buyer to the seller to be allowed to defer payment until a future settlement — compare backwardation
II. intransitive verb
( -ed/-ing/-es )
: to allow deferment of payment of the purchase price of stocks in consideration of a contango