backwardation [noun]

Definition of backwardation:

The situation in a futures market where prices for future deliveryare lower than prices for immediate (or nearer) delivery. Generally arising from a near-term shortage of a commodity.

Synonyms of backwardation:

Opposite/Antonyms of backwardation:

Sentence/Example of backwardation:

Gold remains in backwardation right out to the six month term but at low rates.