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Webster 1913 Edition


Backwardation

Backˊwar-da′tion

,
Noun.
[
Backward
, v. t. +
-ation
.]
(Stock Exchange)
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.