unbacked

adjective

un·​backed ˌən-ˈbakt How to pronounce unbacked (audio)
: lacking support or aid

Examples of unbacked in a Sentence

Recent Examples on the Web When news leaked Alameda’s balance sheet was built from sand, Binance founder Changpeng Zhao rushed to liquidate his holdings in FTX’s unbacked cryptocurrency. Christiaan Hetzner, Fortune, 20 Mar. 2024 During this period, however, the Binance-peg USDC remained publicly unbacked. Byleo Schwartz, Fortune, 18 Jan. 2023 Java Burn is not just an ordinary dietary supplement that makes unbacked weight-reduction claims. Amber Smith, Discover Magazine, 15 Dec. 2022 Years ago, the city of Atlanta had a much different idea of its local gang presence, and though exact statistics were hard to come by, that hasn’t stopped the police force from making unbacked statements. Christina Lee, Vulture, 12 Oct. 2022 Finally, before its downfall, FTX’s main international exchange held $9 billion in unbacked liabilities with just $900 million in assets, according to the Financial Times. Will Daniel, Fortune, 3 Dec. 2022 Ukraine also has rejected the accusation, called for more sanctions against Russia and made unbacked claims against Moscow. John Hudson, Washington Post, 25 Oct. 2022 To cover the losses, the exchange, Bitfinex, took loans from Tether’s reserves, leaving the stablecoin partly unbacked, according to Ms. James’s investigation. New York Times, 13 June 2022 Peters has not complied with the secretary of state’s investigation this week, instead flying to South Dakota to speak at a conference focused on unbacked claims of hacking in the 2020 presidential race. Author: Justin Wingerter, Anchorage Daily News, 13 Aug. 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'unbacked.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1609, in the meaning defined above

Time Traveler
The first known use of unbacked was in 1609

Dictionary Entries Near unbacked

Cite this Entry

“Unbacked.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unbacked. Accessed 20 Apr. 2024.

Kids Definition

unbacked

adjective
un·​backed ˌən-ˈbakt How to pronounce unbacked (audio)
ˈən-
1
: not backed
2
: lacking support or aid
a plan unbacked by the voters

More from Merriam-Webster on unbacked

Last Updated: - Updated example sentences
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