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Backwardation

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Definitions of Backwardation
Pronunciation : Back`war*da"tion
Part of Speech : n.
Etymology : [Backward, v.i.+ -ation.] (Stock Exchange)
Definition : Defn: 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.
Source : Webster's Unabridged Dictionary, 1913

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