Sax. Bearing upon the back or about the person. Applied to a thief taken with the stolen property in his immediate possession. Bract 1, 3, tr. 2, c. 32. Used […]
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BACKBOND
In Scotch law. A deed attaching a qualification or condition to the terms of a conveyance or other instrument . This deed is used when particular circumstances render it necessary […]
BACKBONE
The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of […]
BACKBONE FIRMS
A meduim firm that is run by a stronger one with more experience to guide any innovations.
BACKCASTING
When a prediction is made based on an outcome and works backwards to the present.
BACKDATING
When application date is after the effective date on any contract. Insurers do this deciding age younger than the actual age of the insured.
BACKDOOR LISTING
When an unlisted company merges with another on the list to be added to it. It is done when the company has failed to make the exchange list requirements .
BACKED CURRENCY
When currency has value has value connected to another commodity like gold.
BACKFITTING
Adding new equipment to existing workings to make it last longer. AKA retrofitting .
BACKFLIP TAKEOVER
A takeover where the buying company is now a subsidiary. This happens when the company bought is larger the the one purchasing it.
BACKFLUSH COSTING
Pricing a product by using the finished result and working your way back. When inventory must be kept low this is the way costing is done. AKA backflush accounting.
BACKFLUSHING
The inventory left after orders are processed and the manufacturing needs are met. The parts used or bought are taken out of the inventory records to get an idea of […]
BACKGROUND CHECK
Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government […]
BACKGROUND OPERATION
A job a computer does while the user is busy with another.
BACKGROUND RADIATION
The radiation made by the stars and certain elements like radon.
BACKGROUND VARIABLE
A nonsignificant variable in a calculation or experiment. It has no effect on the outcome.
BACKGROUNDER DATA
A review of a companies financial status and holdings. When printed its called a backgrounder sheet or a fact sheet.
BACKHAUL
1. the way back for a vehicle. A truck can either have a paying load or nonpaying load. 2. any shipment that is sent when on a vehicle on its […]
BACKING
Indorsement ; indorsement by a magistrate .
BACKING A WARRANT
See BACK.
BACKING AWAY
A situation where a MARKET MAKER refuses to perform on a quoted BID, generally in contravention of formal or informal marketmaking rules conveyed through AFFIRMATIVE OBLIGATIONS.
BACKLIST
The titles a publisher has that are not on the current list but hidden in the back of a catalog.
BACKLOAD
A load carried by a truck that is does not pay.
BACKLOG
The value of orders that are not yet filled or the undone jobs on any day. This shows that there is area for growth in teh company. AKA open order.
BACKLOG TRAP
The negative effect that pending work puts on operations. When one element of the system is not available it holds up production.