CONTANGO Definition

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CONTANGO is the commission paid by a buyer for the postponement of a transaction on a stock exchange when prices for future delivery are higher than those for cash or spot transactions. The opposite is backwardation.

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ULLAGE is the empty space present when a shipping container is not full.

TRADE PAYABLE, also known as an account payable, is an amount owed to a creditor for goods and services received.

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