1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales […]
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BACK LAND
A bit of land away from water or the road.
BACK LANDS
A term of no very definite import, but generally signifying lands lying back from (not contiguous to) a highway or a watercourse. See Ryerss v. Wheeler, 22 Wend. (N. Y.) […]
BACK LETTER
An agreement that lists obligatios and rights that are not on the principal agreement.
BACK LOAD
Expenses deducted at the time benefits are paid out.
BACK MATTER
An additional section at the end of a book. It is placed after the main text.
BACK OF THE NAPKIN BUSINESS MODEL
Ideas of a business plan with out details. This is the big picture or a quick outline thought up on the fly.
BACK PAY
The past wages and benefits an employee can get retroactively. This is illegal in court.
BACK PAY AWARD
A requirement that retroactive compensation be denied by an employer. They were used in discrimination cases in the federal civil rights laws.
BACK TAXES
Those assessed for a previous year or years and remaining due and unpaid from the original tax debtor. M. E. Church v. New Orleans, 107 La. 611. 32 South. 101; […]
BACK TO BACK
Agreements that are linked. Each agreement has the same terms.
BACK TO BACK CREDIT
A promise to perform and pay back a debt. AKA back guarantee and reciprocal credit. Refer to back letter of credit .
BACK TO BACK LETTER OF CREDIT (L/C)
When an irrevocable letter or credit acts as the collateral for another letter of credit . The first letter’s bank is the issuing bank for the second letter.
BACK TO BACK LOAN
When a bank gives a loan based on a loan already given in another country. It is done to prevent exchange restrictions . A parent and subsidiary firm is used. […]
BACK TO BACK TICKET
1.When one journey is taken directly after another. 2. buying two tickets instead of a round trip. A discount or restriction avoidance is the usual reason for this.
BACK-END APPLICATION
A program that is in the background or a server that is housed in a back room. The front end application is usually used and this back end application is […]
BACK-END LOAD
A fee on mutual funds if shares are sold before the period is over. It goes down each year closer to the maturation date. Refer to front end load .
BACK-END OFFICE
An office that provides a business with services on a back end basis. AKA back office.
BACK-END RATIO
A ratio used to decide how much a mortgage borrower can pay back. The lower the ratio the more they can pay back. AKA back ratio.
BACK-END SYSTEM
A computer or computers that do calculation heavy operations for corporations.
BACK-LOADED
A contract where more charges or profits are earned at the end of the contract.
BACK-TO-BACK LOAN
(1) A pair of local currency LOANS between two companies, documented under a single agreement providing for the right of OFFSET, which allows the companies to onlend the local currency […]
BACK, ADV
To the rear; backward; in a reverse direction. Also, in arrear.
BACK, V
To indorse; to sign on the back; to sign generally by way of acceptance or approval. Where a warrant issued in one county is presented to a magistrate of another […]
BACKBEAR
In forest law. Carrying on the back. One of the cases in which an offender against vert and venison might be arrested, as being taken with the mainour, or manner, […]