[{"word":"backwardation","phonetics":[],"meanings":[{"partOfSpeech":"noun","definitions":[{"definition":"The situation in a futures market where prices for future delivery are lower than prices for immediate (or nearer) delivery, generally arising from a near-term shortage of a commodity.","synonyms":[],"antonyms":[]},{"definition":"(London Stock Exchange) A fee paid by a seller on settlement day either to the buyer or to a third party who lends stock, when the seller wishes to defer settlement until the next settlement day.","synonyms":[],"antonyms":[]}],"synonyms":[],"antonyms":["contango","forwardation"]}],"license":{"name":"CC BY-SA 3.0","url":"https://creativecommons.org/licenses/by-sa/3.0"},"sourceUrls":["https://en.wiktionary.org/wiki/backwardation"]}]