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

Shakeout

A dramatic change in market conditions that forces speculators to sell their positions, often at a loss.

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