backed backed  /ˈbækt/

Definition(s):

  1. (adj) having a back or backing, usually of a specified type
  2. (adj) used of film that is coated on the side opposite the emulsion with a substance to absorb light

Usage(s):

  1. In it, she supported full civil rights for gays and lesbians and backed AIDS education programs for the city of Dallas.
  2. Bundle that mortgage with 499 others into a mortgage-backed security and you're talking about between 1 million and 1.
  3. Investors backed away from all types of consumer credit after getting burned in the mortgage market.

News

  1. Carlyle-backed GDC Technology sets terms for $75 million IPO

    GDC Technology, a China-based provider of digital cinema servers backed by Carlyle, announced terms for its IPO on Wednesday. The North Point, Hong Kong-based company plans to raise $75
    on June 13, 2013     Source: Nasdaq

  2. Chinese firms continue to scoop up VC-backed cleantech startups for cheap

    VC-backed LED startup Luminus Devices has been sold off to a Chinese lighting company. Following in the footsteps of solar, electric cars, and batteries, LED technology is now also getting bought up by Chinese players.
    on June 12, 2013     Source: GigaOM

  3. Traffic backed up on I-24 at Missionary Ridge because of debris in road

    Traffic on northbound I-24 at Missionary Ridge is backed up because of debris, according to TDOT.
    on June 12, 2013     Source: Chattanooga Times Free Press

Quotes

  1. "President Obama - backed by the conclusions of a broad range of economists - believes that China is manipulating its currency," wrote Geithner, expressing a view that the previous treasury secretary, Henry Paulson, was unwilling to voice.
    on Jan 22, 2009 By: Timothy Geithner Source: guardian.co.uk

  2. "The impact of today's announcements on public finances will be temporary, investments will be held for no longer than is necessary to ensure stability," Brown said. "We will protect taxpayers' interests, liabilities will be backed by assets...
    on Jan 19, 2009 By: Gordon Brown Source: FOXNews

  3. "The decline in the housing market set off a domino effect across our economy. When home values declined, borrowers defaulted on their mortgages, and investors holding mortgage-backed securities began to incur serious losses...... Investment banks...
    on Sep 24, 2008 By: President Bush Source: AHN

Word of the Day
repudiate repudiate
/ri ˈpju di ˌeɪt /