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- the situation in a futures market where prices for future delivery are lower than prices for immediate (or nearer) delivery. Generally arising from a near-term shortage of a commodity.
1991: gold has never gone into backwardation in any currency — Reginald H. Howe, The Golden Sextant
- (obsolete, London Stock Exchange) fee paid by a seller on settlement day either to the buyer or to a third party who lends stock, when the seller wishes to defer settlement until the next settlement day.
- The Nuttall Encyclopedia
Back`war*da"tion (&?;), n.
[Backward, v. t. + -ation.] (Stock Exchange) The
seller's postponement of delivery of stock or shares, with the consent of
the buyer, upon payment of a premium to the latter; -- also, the premium so
paid. See Contango. Biddle.
- Webster's Unabridged Dictionary (1913)
You arrived here by searching for Backwardateon
The correct spelling of this word ought to be: Backwardation
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