Backwardation

1. n. 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.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.