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Backdating |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.06 sec. |
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Predating a document or instrument prior to the date it was actually drawn. The negotiability of an instrument is not affected by the fact that it is backdated. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| While the backdating phenomenon is causing substantial tipples throughout the corporate insurance sector as claims for reimbursement of defense costs mount, the ultimate toll in terms of a surge of covered damage claims is yet to be determined. To Bruce Karatz: The urge to donate to charity a big chunk of--if not all of--that $175 million extra he hauled off when he was deposed from KB Home in the midst of the stock option backdating mess. This extension does not apply to certain discounted stock options subject to backdating concerns. |
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