Also found in: Idioms.
In the context of general equities, to describe the result of unanticipated events that allow for a purchase at a discount or a sale at a premium.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Informal; describing the circumstances that result in an expected jump or drop in a security's price. When a security is backed in, one may buy it at a discount or sell it at a premium; this often results in a quick profit.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved