backstop backstop  /ˈbæk ˌstɑp/

Definition(s):

  1. (n) (baseball) the person who plays the position of catcher
  2. (n) (baseball) a fence or screen (as behind home plate) to prevent the ball from traveling out of the playing field
  3. (n) a precaution in case of an emergency
  4. (v) act as a backstop

Usage(s):

  1. At about the same time, their father sold off the company, and with it went the cozy billets in adult life that had always served as an emotional backstop for the boys.
  2. I encourage it to use it this fund as creatively as possible to provide backstop for accounts across our financial system to maintain confidence on the part of savers and investors.
  3. The Democratic plans would expand the federal backstop still more to achieve universal coverage.

News

  1. ECB official defends bond purchase plan

    KARLSRUHE, Germany (AP) — A top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court.
    on June 12, 2013     Source: Washington Examiner

  2. ECB official: bond purchase plan aims to carry out monetary policy, not help governments

    KARLSRUHE, Germany — A top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court.
    on June 12, 2013     Source: Minneapolis-St. Paul Star Tribune

  3. ECB official defends crisis action in German court

    A top European Central Bank official is defending the bank's key financial crisis backstop against a legal challenge in Germany's constitutional court. Joerg Asmussen says the ECB's plan to purchase bonds ...
    on June 11, 2013     Source: Associated Press via Yahoo! News

Quotes

  1. "That experience suggests that, at least under the most stressed conditions, some form of government backstop may be necessary to ensure continued securitization of mortgages," Bernanke said.
    on Oct 31, 2008 By: Ben Bernanke Source: CharlotteObserver.com

  2. "Senator McCain has said that he does not support a national catastrophic fund as a backstop. I do," Giuliani said. "Senator McCain believes that FEMA should handle this."
    on Jan 25, 2008 By: Rudy Giuliani Source: Forbes

  3. "This facility is intended to serve as an ultimate liquidity backstop," and will be available through December 2009, Paulson said.
    on Sep 7, 2008 By: Henry Paulson Source: AFP

Word of the Day
subordinate subordinate
/sə ˈbɔr də ˌneɪt /