unbacked :

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unbacked


  • s  unsupported by other people

  • But Yugoslav economists estimate that in 1986 alone thousands of enterprises besides Agrokomerc issued unbacked promissory notes and other flimsy financial instruments amounting to .
  • Often a claim is just that, a mere assertion unbacked by documents of any kind, made by Aborigines who live in an entirely different area.
  • Public employees are being paid partly or fully in unbacked bonds; and unemployment is near 20 percent.
News & Articles

  • 14 Questions for 2014
    What mistakes from the past are we condemned to repeat ? Since unbacked paper currency systems have always failed in the past , why have bankers and economists promoted an unbacked paper currency system since 1971?
    Jan. 22, 2014 - GoldSeek.com

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