Backdating

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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. In the context of corporate governance, the illegal practice of setting the date of options awarded as part of executive compensation to a period when the stock price was very low (rather than setting the date of the options on the date the award was made).

Backdating

The act of dating a document before the date it was actually signed. For example, if one signs a contract on February 1, one may backdate it to January 31. Backdating is usually illegal; for example, one may use backdating to evade taxes. However, it can be permissible under certain circumstances. For instance, one may backdate an insurance claim if there was an unavoidable delay between the date the insured event occurred and the day the claim was made.

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.
References in periodicals archive ?
Bringing back Start menu and to run Windows Store apps on desktop are already welcome changes to the users since the launch of Windows 8 in 2012.
The Dallas-born back started his league career at Warrington - becoming the first American in Super League - and also played union with Fylde and Sale.
Work to put the scaffolding back started on Friday and continued over the weekend.
Speaking at the Edinburgh International Television Festival, she said reports the show was coming back started when her co-star James Corden was "misquoted".
The full back started and then finished a well-worked counter attack to crash over, reducing his sides arrears to 13-8.
If my back starts to hurt I just ask to change position."
Truthfully, my lower back starts hurting after about three spots.
The fight back starts now to protect wages and living standards, schools and hospitals.
"After the Olympics I had three months off and when I got back my back started hurting.
And you know that the way to get that back starts and finishes with the judges.
The fight back started in the 26th minute however as Gaven (2) pulled a goal back and when he also converted a penalty after 33 minutes it was game on.
"He got off to a good start at stud before his back started giving him problems.