A striped racer, also known as the California whipsnake, is a species of non-venomous snake native to the coast and foothills of California. It is a long, slender, and fast-moving snake, identified by its distinctive stripes running down the length of its body. They primarily feed on lizards and small rodents. The scientific name for this species is Masticophis lateralis.
Backwardation
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The seller's postponement of delivery of stock or shares, withthe consent of the buyer, upon payment of a premium to the latter; --also, the premium so paid. See Contango. Biddle.
Backwardation meaning & definition 1 of Backwardation.
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a situation in which the price of a commodity (= a product, such as oil or a metal, that is traded in large quantities) is lower if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately:
Backwardation meaning & definition 2 of Backwardation.
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