Contango

1) forwardation: the ratio of prices at which prices for transactions for a period exceed prices for cash goods, prices for goods with long delivery times are higher than with near ones (antonym - backwardation). A feature of this price ratio is that the price of a product with a more distant delivery time cannot exceed the price of a near one by an amount greater than the costs associated with storing the goods from one delivery time to another; 2) remuneration paid to a broker for deferring the fulfillment of obligations without payment or delivery of securities.