For example, in a rights offering you might hear "ABC Company will provide a 100% back stop of up to $100 million for any un-subscribed portion of the XYZ Company rights offering." If XYZ is trying to raise $200 million but only raises $100 million through investors then ABC Company will purchase the remainder.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
back|stop — «BAK STOP», noun, verb, stopped, stop|ping. –n. 1. a) a wall, fence, or screen used in various games, such as baseball and tennis, to keep the ball in the area of play. b) Informal. a player who stops balls in various games, especially a catcher… … Useful english dictionary
back-stop — USA A term used in the financial industry to mean credit support or backup funds for a financial instrument or transaction. For example, letters of credit are often issued to backstop commercial paper in the event that the commercial paper issuer … Law dictionary
Back stop — Задний упор … Краткий толковый словарь по полиграфии
back·stop — /ˈbækˌstɑːp/ noun, pl stops 1 [count] baseball 1 a : a fence or screen that is placed behind the catcher to prevent the ball from rolling away The pitch got past the catcher and rolled all the way to the backstop. 1 b … Useful english dictionary
back-stop — … Useful english dictionary
stop — stop; stop·er; stop·less; stop·pa·ble; stop·page; stop·per·less; stop·per·man; stop·ping; un·stop; back·stop; non·stop; stop·per; stop·ple; stop·less·ness; un·stop·pa·bly; … English syllables
stop — stop1 W1S1 [stɔp US sta:p] v past tense and past participle stopped present participle stopping ▬▬▬▬▬▬▬ 1¦(not move)¦ 2¦(not continue)¦ 3¦(pause)¦ 4¦(prevent)¦ 5¦(stay)¦ 6 will/would stop at nothing (to do something) 7 stop short of (doing)… … Dictionary of contemporary English
back — n., adv., v., & adj. n. 1 a the rear surface of the human body from the shoulders to the hips. b the corresponding upper surface of an animal s body. c the spine (fell and broke his back). d the keel of a ship. 2 a any surface regarded as… … Useful english dictionary
back — ahorse·back; apick·a·back; back; back·ber·end; back·bit·er; back·bone·less; back·coun·try; back·en; back·et; back·field; back·fill·er; back·fill·ing; back·fisch; back·friend; back·hand·ed; back·heel; back·less; back·lins; back·lot·ter; back·most; … English syllables
Stop Crying Your Heart Out — Single par Oasis extrait de l’album Heathen Chemistry Face B Thank You for the Good Times, Shout It Out Loud Sortie 17 juin 2002 Enregistrement 2002 … Wikipédia en Français