Backed in

Definition:

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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Thrift institution

An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.

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