'Backwardation' definitions:
Definition of 'Backwardation'
From: GCIDE
- Backwardation \Back`war*da"tion\, n. [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. [1913 Webster]