backwardation

Fetched 2026-10-26 (cache).

Datamuse reports no synonyms or antonyms for this word.

Noun

1. A situation in a [[futures market]] where the [[price#Noun|price]] for [[future#Adjective|future]] [[delivery]] of a [[commodity]] (the [[forward#Adjective|forward]] price) is [[low#Adjective|lower]] than the price for [[immediate]] delivery (the [[spot price]]) or [[near#Adjective|nearer]] delivery, generally [[arise|arising]] from a [[near-term]] [[shortage]] of the commodity.
2. A situation in which short-term interest rates are higher than long-term interest rates.
3. The situation in a [[stock market]] where the [[offer#Noun|offer]] price for [[stock#Noun|stock]] is lower than the [[bid price]].
4. {{lb|en|obsolete}} In the {{w|London Stock Exchange}}: a [[fee#Noun|fee]] [[pay#Verb|paid]] by a [[seller]] on [[settlement]] [[day#Noun|day]] either to the [[buyer]] or to a [[third party]] who [[lend#Verb|lends]] stock, when the seller [[wish#Verb|wishes]] to [[defer]] settlement until the next settlement day.

Source: Wiktionary · CC BY-SA 4.0 (Wiktionary dump) · cached copy, not a rewrite.