Backlog


Backlog

A build-up of work that needs to be taken care of. The term "backlog" has a number of uses in finance. It may refer to a company's sales orders waiting to be filled or a stack of financial paperwork that needs to be processed, such as loan applications. When a public company has a backlog there can be implications for shareholders, because the backlog may have an impact on the company's future earnings, as the company is unable to meet demand. A backlog is generally something that companies want to avoid.

The 2008 housing crisis resulted in a backlog of foreclosures in which lenders had a large inventory of residential properties that they needed to sell and get off the books. With homes going into foreclosure at a much faster rate than usual, lenders did not have the capacity to process all the foreclosures in a timely manner. Another example of a problematic backlog occurred in 2009 in England, when a high volume of college financial aid applications resulted in a backlog that prevented some aid determinations from being made in time for the start of the school year.


Investment dictionary. . 2012.

Look at other dictionaries:

  • backlog — The current figurative meaning ‘arrears of uncompleted work’ is an Americanism from the 1930s which passed rapidly into British use. The original physical meaning ‘a log placed at the back of a fire’ dates from the 17c; in between is an earlier… …   Modern English usage

  • Backlog — Back log (b[a^]k l[o^]g ; 115), n. [Back, a. + log.] 1. A large stick of wood, forming the back of a fire on the hearth. Contrasted to {forestick}. [U.S.] [1913 Webster] There was first a backlog, from fifteen to four and twenty inches in… …   The Collaborative International Dictionary of English

  • Backlog — generally refers to an accumulation of work over time, it may also refer to: *Backlog (album), a compilation by Electronica …   Wikipedia

  • backlog — ☆ backlog [bak′lôg΄ ] n. 1. a large log at the back of a fire, as in a fireplace 2. a reserve of something stored, saved, etc. 3. an accumulation of unfilled orders, unfinished work, etc. vi., vt. backlogged, backlogging to accumulate as a… …   English World dictionary

  • backlog — index store (depository) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • backlog — (n.) 1680s, large log placed at the back of a fire, from BACK (Cf. back) (adj.) + LOG (Cf. log) (n.1). Figurative sense of something stored up for later use is first attested 1883, but this and the meaning arrears of unfulfilled orders (1932)… …   Etymology dictionary

  • backlog — [n] uncompleted work; accumulation excess, hoard, inventory, quantity, reserve(s), reservoir, resources, stock, stockpile, store, supply; concepts 432,787 …   New thesaurus

  • backlog — ► NOUN ▪ an accumulation of matters needing to be dealt with …   English terms dictionary

  • backlog — Unfilled orders for goods or services. Orders for goods or services that the company has not yet delivered or rendered to its customers. American Banker Glossary * * * backlog back‧log [ˈbæklɒg ǁ lɒːg, lɑːg] noun [countable usually singular] an… …   Financial and business terms

  • backlog — noun ADJECTIVE ▪ big, huge, large VERB + BACKLOG ▪ be faced with, have ▪ We are faced with a backlog of orders we can t deal with …   Collocations dictionary


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