Noun
The
situation
in
a
futures
market
where
prices
for
future
delivery
are
higher
than
prices
for
immediate
(
or
nearer
)
delivery
,
indicating
the
expectation
that
the
price
of
the
underlying
asset
will
go
up
.
Verb
To
charge
(
a
buyer
)
a
fee
to
defer
settlement
until
the
next
settlement
day
.