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The Cerebrum on Instagram: "🔥Pronunciation: con-TAN-go /kənˈtæŋɡo/ 🔥Part of Speech: Noun (economics / finance) 🔥Simple Meaning: Contango means the future price of a commodity is higher than its current price. 🔥Origin of the Word: The term originated in 19th-century England and comes from a word meaning “continuation.” It was first used on the London Stock Exchange to describe a fee paid to delay settlement of a trade. 🔥When was it added to the modern dictionary: The term has been used in fi
0:08
The Cerebrum on Instagram: "🔥Pronunciation: con-TAN-go /kənˈtæŋɡo/ 🔥Part of Speech: Noun (economics / finance) 🔥Simple Meaning: Contango means the future price of a commodity is higher than its current price. 🔥Origin of the Word: The term originated in 19th-century England and comes from a word meaning “continuation.” It was first used on the London Stock Exchange to describe a fee paid to delay settlement of a trade. 🔥When was it added to the modern dictionary: The term has been used in fi
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