fallback option

fallback option definition - business

fallback option

An alternate plan in the event the current plan must be discarded. For example, news reports indicated database giant Oracle was considering a fallback option of acquiring Siebel in the event its bid for PeopleSoft failed. As it turned out, Oracle acquired Siebel one year after its 2005 acquisition of PeopleSoft.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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