C3O1N1T1A1N1G2O1
11 points
CONTANGO is validvalid
the condition of a spot price being lower than a futures price [n CONTANGOS]
the premium or interest paid by a buyer of stock to the seller, to be allowed to defer payment [n CONTANGOS or CONTANGOES] / to exercise the right of contango [v -ED, -ING, -ES]