Online Encyclopedia

CARRYING OVER, or CONTINUATION

Online Encyclopedia
Originally appearing in Volume V05, Page 410 of the 1911 Encyclopedia Britannica.
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CARRYING OVER, or CONTINUATION, a stock exchange term for the operation by which the settlement of a bargain transacted for money or for a given account, may for a consideration (called either a " contango " or a " backwardation ") be postponed from one settling day to another. Such a continuation is equivalent to a sale " for the day " and a repurchase for the succeeding account, or to a purchase " for the day " and a resale for the succeeding account. The price at which such transactions are adjusted is the " making-up " price of the day. (See
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