An order that has to be filled later. The customer knows this and will wait. It is an important figure for customer services and inventory management.
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BACKSIDE
In English law . A term formerly used in conveyances and also In pleading; it imports a yard at the back part of or behind a house, and belonging thereto.
BACKSPREAD
An OPTION strategy designed to take advantage of VOLATILITY. A LONG back spread is created through the sale of a smaller quantity of closertothemoney PUT OPTIONS or CALL OPTIONS and […]
BACKTESTING
The process of determining the validity of a VALUE ATRISK model by comparing actual profit and loss experience with results predicted by the model. The process is also applicable in […]
BACKUP
1. another resource used to make sure an activity can go on. Or a project that is done if a primary one cannot be done. 2. saving data on disk […]
BACKUP CREDIT
A line of credit that is given as a standby if the primary means are exceeded or not available.
BACKUP DATA
1. any information that supports a value estimate. AKA support data. 2. another copy of data saved and available when the primary source is lost.
BACKUP FACILITY
A system, record, or contract that takes the place of the original.
BACKUP POWER
A generator that uses electricity or batteries to operate should the commercial power go out.
BACKUP STRATEGY
The policy of data protection that a company uses. Access, responsibilities, and time cycles are set in place.
BACKUP WITHHOLDING
Funds helo from an investment to cover taxes. It is used when the investor has no valid social security number with the IRS.
BACKWARD CHAINING
Making a chart starting with the result and going backwards to make subprocesses. The goal is to create output at a specific level of quality.
BACKWARD COMPATIBILITY
When newer software can work with the older version. AKA downward compatibility . Refer to upward compatibility .
BACKWARD FROM PERFECT
When a scenario is built on an imagined future and works backward to see needed to get there. Refer to future backward and future forward.
BACKWARD INTEGRATION
When the consumer of materials buys suppliers or makes their own to cut costs.
BACKWARD LINKAGES
The channels information , material, and money takes in a company. The suppliers and buyers make up a netowrk. Refer to forward linkages .
BACKWARDATION
In the language of the stock exchange , this term signifies a consideration paid for delay in the delivery of stock contracted for, when the price is lower for time […]
BACKWARDS
In a policy of marine insurance , the phrase ” forwards and backwards at sea ” means from port to port in the course of the voyage , and not […]
BACKWARDS SCHEDULING
Making a production schedule working back from the due date and time. It shows needed when in the project at hand. Refer to forwards scheduling .
BACKWATER
Water in a stream which, in consequence of some dam or obstruction below, B is detained or checked in its course, or flows back. Hodges v. ltaymond, 9 Mass. 316 […]
BACTERIA
A cell that is microscopic. It is single cell and exists everywhere. Only a fraction of them are known to science. They are divided in five groups bacilli, cocci, filamentous, […]
BACULUS
A rod, staff, or wand, used in old English practice in making livery of seisin where no building stood on the land, (Bract. 40;) a stick or wand, by the […]
BAD
Substantially defective; inapt; not good. The technical word for unsoundness in pleading.
BAD BANK
A special BANK created and chartered to hold a sponsoring bank
BAD BEHAVIOR
This term is used to describe the bad conduct of a criminal while he is serving a sentence. It is the opposite of good behaviour.