Dating back meaning
Backdating is the practice of marking a document, whether a check, contract or another legally binding document, with a date that is prior to what it should be. Backdating is usually disallowed and can even be illegal or fraudulent based on the situation. Sometimes though, backdating can be acceptable; however, the parties involved must agree to it. In the s, there was a spate of backdating stock options , mostly at technology firms that rely heavily on stock options for executive compensation, but also at some companies not in the tech sector.SEE VIDEO BY TOPIC: Ghosting: The Missed Warning in the Back of the Dating Manual
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Backdating is the practice of marking a document, whether a check, contract or another legally binding document, with a date that is prior to what it should be. Backdating is usually disallowed and can even be illegal or fraudulent based on the situation. Sometimes though, backdating can be acceptable; however, the parties involved must agree to it.
In the s, there was a spate of backdating stock options , mostly at technology firms that rely heavily on stock options for executive compensation, but also at some companies not in the tech sector. The backdating scheme involved moving the effective date for exercising the options from when the options were ' out of the money ' to a date that made the options ' in the money ' to allow certain executives to exercise their options profitably.
By using Investopedia, you accept our. Your Money. Personal Finance. Your Practice. Popular Courses. What Is Backdating? Consider the following examples of common backdating scenarios that are not allowed:. On Dec. On April 30, a taxpayer, who has forgotten about the April 15 deadline to make a tax-deductible individual retirement account IRA contribution for the previous tax year, backdates a check to April 1 and mails the check to her financial advisor. On July 4, a car owner, who did not pay his car insurance premium for July, crashes his car into a parked vehicle while texting.
He backdates a check to pay his July premium and submits it to the insurance company. Here are a few examples of situations where backdating may be acceptable:. A person wants to buy a life insurance policy and make it effective beginning at a date prior to the current date. The insurance company normally would allow this backdating to occur for as much as six months earlier, but the policyholder must pay the premium amount covering the prior period.
A person wants to buy health insurance and make it effective beginning at a date prior to the current date.
The insurance company may or may not allow backdating depending on the state where the person lives. If allowed, backdating for a six-month period would apply as long as the buyer pays for that time. Two parties in a business contract explicitly agree in writing that an effective date for the contract may be made at a date prior to the current one.
In this case, backdating could be useful because the parties had already begun acting on the agreement as they were finishing the details of the final written contract.
Key Takeaways Backdating is the practice of marking a check, contract, or other legally binding agreement, with a date that is prior to the current date. Backdating is usually not allowed and even can be illegal or fraudulent in some situations. However, there are times when backdating can be acceptable; but the parties involved must agree to it. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Related Terms Antedate An antedate is a date entered on a legal contract or check that is prior to the actual date of occurrence.
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date back to
To save this word, you'll need to log in. Log In Definition of date back : to have come into being a number of years ago a custom that dates back years Learn More about date back Share date back Post the Definition of date back to Facebook Share the Definition of date back on Twitter Dictionary Entries near date back datch datcha date date back date back to datebook dated. Accessed 30 Apr. Comments on date back What made you want to look up date back?
Sentence count Posted: Updated: On the Avon, some of the weirs date back 1, years and are in urgent need of restoration. Laws on the marketing of investment funds date back to the mids and to a defunct regulator known as Lautro. And the early signs of that being altered date back to the tough public spending rounds of the early s. Patents date back to Venice in the 15th century, but Communist China did not allow them until
Dating back meaning in hindi
Add date back to one of your lists below, or create a new one. Improve your vocabulary with English Vocabulary in Use from Cambridge. Learn the words you need to communicate with confidence. Off-colour and on the mend Talking about health.
Date back meaning in Hindi : Get meaning and translation of Date back in Hindi language with grammar,antonyms,synonyms and sentence usages. Know answer of question : what is meaning of Date back in Hindi dictionary? English definition of Date back : belong to an earlier time; This story dates back years. Toggle navigation.
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Is "be dated back years ago" correct? B barry Member. And the correct sentence should go like this: a. Am I right? Original Post. David, Moderator Moderator.
To save this word, you'll need to log in. Log In Definition of date back to : to have been made in or to have come into being in a certain time in the past They found jewelry dating back to the s. Learn More about date back to Share date back to Post the Definition of date back to to Facebook Share the Definition of date back to on Twitter Dictionary Entries near date back to datcha date date back date back to datebook dated date from. Accessed 30 Apr. Comments on date back to What made you want to look up date back to? Please tell us where you read or heard it including the quote, if possible. Test Your Knowledge - and learn some interesting things along the way.
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