Back Stop

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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 ?
We can use them for miscellaneous loose hardware and some backstock items.
I want to fill backstock bins and continue to fill the showroom with new items and populate the website, while still maintaining the family-run business appeal.
Maxwell, of Romford, Essex, was head of security at the Backstock Festival at South Woodham Ferrers, Chelmsford, in August 2013.
Fill empty spaces on the shelves with backstock and collect misshelved items as soon as possible.
Keeping up with the current weather status and having backstock or secondary displays ready to go on items such as flashlights, batteries and even candles will result in greater incremental sales for c-stores, according to Kirk Bailey, merchandising manager at convenience distributor McLane Co.
We don't run out of product or equipment so we have quite a bit of backstock.
As 13-digit ISMNs will be assigned from January 2008 for both current and backstock items, they will start to appear in catalogue records from early 2008.
Built in the 1920s, the buildings are designed to store much of the merchandise in backstock, while displaying only a few pieces of each item in the display area.
If you have sold through your inventory and you have no backstock, change the display to something you have plenty of.
Business focus manager for instore supply chain Dominic Price agrees that accuracy of backstock is critical: "We're working to design a new inventory management system instore which will help to deliver significant benefits and we have a highly reliable onshelf availability monitor that will give us tremendous information to prioritise availability on our fastest selling lines?
The freight coming in was getting put away that day; it was just working through that huge amount of backstock to keep the shelves full that was the problem," she says.
The backstock (pearlescent paper) is the first part.