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 defaults on its payments.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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 — The act of providing last resort support or security in a securities offering for the unsubscribed portion of shares. A company will try and raise capital through an issuance and to guarantee the amount received through the issue, the company… …   Investment 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

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