Business Dictionary :
B Shares, Baby Bonds and Back
B Shares : plural noun : ordinary shares with special voting rights (often owned by the founder of a company and his family)
Baby Bonds : plural noun : (US) bonds in small denominations (i.e. $10) which the small investor can afford to buy
Back : noun : opposite side to the front
• Write your address on the back of the envelope.
• The conditions of sale are printed on the back of the invoice.
• Please endorse the cheque on the back.
Back : adjective : referring to the past
Back Interest = interest not yet paid
Back Orders = orders received in the past and not fulfilled (usually because the item is out of stock)
• After the strike it took the factory six weeks to clear all the accumulated back orders.
Back Pay = salary which has not been paid
• I am owed £500 in back pay.
Back Payment = paying money which is owed
• The salesmen are claiming for back payment of unpaid commission.
Back Payments = payments which are due.
Back Rent = rent owed
• The company owes £100,000 in back rent.
Back : adverb : as things were before
• He will pay back the money in monthly instalments.
• The store sent back the cheque because the date was wrong.
• The company went back on its agreement to supply at £ 1.50 a unit.
Back : verb :
(a) to back someone = to help someone financially
• The bank is backing him to the tune of£ 10,000.
• He is looking for someone to back his project.
(b) to back a bill = to sign a bill promising to pay it if the person it is addressed to is not able to do so
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