CONTANGO, a Stock Exchange term for the rate of interest paid by a "bull" who has bought stock for the rise and who, when the settlement arrives, is unable or unwilling to take it up and pay for it. He arranges to "carry over" or "continue" his bar gain, and does so by entering into a fresh bargain with his seller, or some other party, by which he sells the stock for the settle ment and buys it again , for the next, the price at which the bargain is entered being called the making-up price. The rate that he pays for this accommodation, which amounts to borrow ing the money involved until the next settlement, is called the contango.