There are total 13 letters in Backwardation, Starting with B and ending with N.
Definition of the word Backwardation, Meaning of Backwardation word :
n. - The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter, -- also, the premium so paid. See Contango.
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In Backwardation B is 2nd, A is 1st, C is 3rd, K is 11th, W is 23rd, R is 18th, D is 4th, T is 20th, I is 9th, O is 15th, N is 14th letters in Alphabet Series.
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