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.

References in periodicals archive

"If young people need a back stop, which some clearly do, I don't think the current insurance arrangements are performing as well as they could do."

Students warned over back-up subject choices

Your book review of Peter's Railway persuaded me to buy, and it's received a hugely enthusiastic response from my young children (Back Stop, PE 1 October).

Christmas stocking-filler

The Met insists ethnic minorities back stop and search.

'STOP AND SEARCH HELPS KNIFE YOBS' Outrage as expert slams police over blade policy

The beleaguered firm's massive pounds 24bn taxpayer debt will be split into Government-backed bonds and sold off to investors as a "back stop" to fund a private sector rescue, Mr Darling said.

Darling under fire as Rock rescue plan is revealed

Albion must do without reliable all-rounder Gary Jones, who is determined to make a quick return from illness, but Jason Cross returns at back stop and his partnership with pace ace Matt Hopkins is vital if the Black & Whites are to return home with the points.

Ely and Albion hoping for a chance to play

"Defra has said that the LWDS is a back stop for the beef sector.

Lobby the EU directly, union urges; LOOKING AHEAD: Assembly should step out of Westminster's shadow, says FUW

He had apparently cracked up under torture on a previous mission but was considered just the man for the ultra-risky Operation Back Stop programme.

LAST NIGHT'S VIEW : Time thriller's one to watch

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