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backwardation
noun
back·ward·a·tion
\ˌbakwə(r)ˈdāshən\
Definition of backwardation
-s
1 : the seller's postponement of delivery of stock or shares on the London Stock Exchange with the consent of the buyer upon payment of a premium to the latter
2 : the premium paid in backwardation — compare contango
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Origin and Etymology of backwardation
1backward + -ation
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