Lectionary Calendar
Saturday, September 28th, 2024
the Week of Proper 20 / Ordinary 25
the Week of Proper 20 / Ordinary 25
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Bible Encyclopedias
Contango
1911 Encyclopedia Britannica
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a Stock Exchange term for the rate of interest paid by a "bull" who has bought stock for the rise and does not intend to pay for it when the Settlement arrives. He arranges to carry over or continue his bargain, and does so by entering into a fresh bargain with his seller, or some other party, by which he sells the stock for the Settlement and buys it again for the next, the price at which the bargain is entered being called the making-up price. The rate that he pays for this accommodation, which amounts to borrowing the money involved until the next Settlement, is called the contango.
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These files are public domain.
These files are public domain.
Bibliography Information
Chisholm, Hugh, General Editor. Entry for 'Contango'. 1911 Encyclopedia Britanica. https://www.studylight.org/encyclopedias/eng/bri/c/contango.html. 1910.
Chisholm, Hugh, General Editor. Entry for 'Contango'. 1911 Encyclopedia Britanica. https://www.studylight.org/encyclopedias/eng/bri/c/contango.html. 1910.
