Contango

[Sarah]

The premium or interest paid by the buyer to the seller, to beallowed to defer paying for the stock purchased until the nextfortnightly settlement day. [Eng.]

[Sarah]

Contango (as defined at http://www.investorwords.com)is a

[Agnes]

a situation in which the price of a commodity (= a product such as oil or a metal that is traded in large quantities) is higher if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately: