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backdating
(redirected from backdate)

    Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Backdating
In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases from the earlier date.
backdating
The practice of allowing a mutual fund shareholder to use previous purchases of the fund's shares so as to qualify for reduced commission charges on subsequent purchases. Backdating is used when a fund offers declining proportional sales charges on larger purchases.


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Topping that list, he says, would be orders to backdate or shred a document, though he acknowledges that those may be legitimate requests.
Investigations shine light on procedures by Marshall, Jeffrey / Financial Executive
MBNA consistently meets its payment processing standards, and if the company ever were to fall behind, it would backdate the payments in question to reflect the actual date they were received.
Follow these steps to help ensure credit card payments arrive on time by The Dental Assistant
It should be obvious, but is worth emphasizing, that someone who learns he or she is under investigation should not destroy, backdate, or create evidence in order to support any defense he may believe that he has to potential charges.
Corporate tax departments and the new focus on corporate criminality by Michel, Scott D. / Tax Executive
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