1 The charge made on a stock exchange for carrying the settlement of a BARGAIN into the next accounting period. 2 In commodity markets, it is the amount by which a SPOT PRICE and the cost of carrying a commodity over time exceeds the forward price. The...

Backwardation (sometimes incorrectly referred to as "backwardization") is a futures market term: it means a downward sloping forward curve (as in an inverted yield curve): one says that the forward curve is "in backwardation" (or sometimes:...

Sen. Claiborne Pell (D-R.I.) has reprimanded an aide for writing what appeared to be an official Senate letter to Defense Secretary Richard B. Cheney that questioned whether President Bush and other administration officials have used a "code word" in speeches on the Persian Gulf...

When it comes to creating a unit plan, you might want to start at the end. When you start planning your dance program for the year, where do you begin? Backward design, the latest curriculum model for teachers, suggests that, despite logic or...

U.S. Soccer officials can blame themselves next time they fret about why so few Americans are paying attention to their sport.Given the chance to be bold, the Americans played it safe and boring. As usual.Instead of hiring a national team coach so impressive it told...

Holocaust denial is a particularly insidious evil. It was almost painful to read The Times’ earnest struggle to report on the Iranian Holocaust-deniers’ conference in anticipation of its opening on Dec. 11. It will be fascinating to see how the rest of the media reports...

First introduced by John Maynard Keynes in his 1930 book A Treatise on Money, the theory of normal backwardation applies to commodity futures. The theory holds that futures prices will be bid down to a level below the expected spot price and will rise over the contract life as a reward to risk-assuming speculators for which risk-averse net short hedgers pay. Studies that have tested Keynes' theory over the years are practically split evenly between those supporting the theory and those opposing it.