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Back Stop
(redirected from Back Stock)

   Also found in: Acronyms 0.01 sec.
Back Stop
In an issue of new stock, a guarantee made by an investor, usually an institution, to a publicly-traded company that it will buy the remainder of an issue if the company is unable to place it all with other investors. For example, an institution may announce that it will provide 100% back stop to a company's new issue up to $50 million. If the company only raises $35 million by placing the security with other investors, the institution will buy the remaining $15 million worth of stock.


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It has been buying back stock and paying down debt.
The biggest part is going to be the space and the back stock - the back stock being more sizes of each shoe," she said Thursday.
After the share price plunged, Sir Stuart spent pounds 1m buying back stock in the company, with three other directors also splashing out nearly pounds 300,000.
 
 
 
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