Definition of backup
- I brought an extra pencil for backup.
- a backup plan
- The tunes include banjo and guitar backup.
- The police officer called for backup.
- traffic backup
- I made a backup copy of the file.
His role on the team is to be a backup to the regular quarterback.
We have an extra radio as a backup in case this one doesn't work.
We have an extra radio for backup.
He provides backup for the regular quarterback.
She sang backup on his CD.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'backup.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
A back up is an increase in a security’s price, yield, or spread before issuance.
In other circles, back up means replacing a long-maturity security with a short-maturity security in order to capitalize on short-term interest rates that are higher than long-term interest rates.
For example, let’s assume that Company XYZ wants to issue $100 million in 10-year bonds. The yields on bonds of similar quality and risk were about 5% when Company XYZ hired the underwriter to handle the bond issue, but since then the required yields have increased to 7%. This means Company XYZ has to issue the bonds at a bigger discount in order to keep the issue competitive, and thus it will obtain less cash from investors at the time of the sale.
This increase in the cost of issuing the securities is a back up.
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