Definitions (2)
1. Commodities: Common market situation where the prices get progressively higher in the future delivery months, reflecting carrying costs and creating negative spreads. Opposite of backwardation.
2. Securities: Carry-over of the settlement of an account on stock exchange to a future period. Such postponement requires payment of interest on the amount carried over.
Related Videos
http://www.businessdictionary.com/definition/contango.html
