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Back Stop
(redirected from backstop)

    Also found in: Dictionary/thesaurus, Wikipedia 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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Scott Payne will look to carry on the form which has seen him break into the Wales B squad as a back-up backstop to Stephen Hubbard.
Curtis closer to completing a Welsh family double by South Wales Echo (Cardiff, Wales)
The Booster Club would like to thank Allan Cosimini, Gene Curley, Kevin O'Brien, Mike Cashin, and Steve Barakian for their efforts to install a new backstop at the softball field, and Joe Gill for donating the fencing for the sides of the backstop.
AD's Desk by Telegram & Gazette (Worcester, MA)
In addition to obligating the fund way beyond its means, lawmakers forced private insurers to utilize the fund's unrealistic capacity as a financial backstop.
Bad odds for cat fund by Landry, Gary / Florida Underwriter
 
 
 
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