Reference > Brewer’s Dictionary > Backwardation (Stockbrokers’ term).

 Back-stair Influence.Backward Blessing (Muttering a). 
E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
Backwardation (Stockbrokers’ term).
The sum paid by a speculator on a “bear account” (i.e. a speculation on a fall in the price of certain stock), in order to postpone the completion of the transaction till the next settling day. (See CONTANGO.)   1

 Back-stair Influence.Backward Blessing (Muttering a). 

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