contango
Is it a Scrabble word? See definition, points, and words you can make.
Is contango a Scrabble word?
Word Games
- Scrabble US/Canada (OTCWL) No
- Scrabble UK (SOWPODS) Yes
- Wordle No
- Words With Friends No
What is the meaning of contango?
Definition
noun (English)
1. (obsolete, London Stock Exchange) Fee paid by a buyer to the seller on settlement day when the buyer wishes to defer settlement until the next settlement day.Examples: "Yesterday was Settling Day in Consols, and Monday next the Settling of Omnium. Owing to the great scarcity of money, the Contango on both is extremely great, nearly equal to 15 per cent. for money, from account to account."countableobsoleteuncountable
verb (English)
1. (obsolete, London Stock Exchange, ambitransitive) To charge (a buyer) a fee to defer settlement until the next settlement day.ambitransitiveobsolete
Definition source: Wiktionary