Backstop meaning

băkstŏp
Something that supports or bolsters.
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To serve as a backstop for.
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A fence, screen, etc., esp. one behind the catcher in baseball, serving to stop balls from leaving the playing area.
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Anything that supports or bolsters.
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To act as a backstop for.
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A type of insurance. Under-writers for a stock or bond issue have a backstop in place to make sure that the security issue will be purchased. To do so, the underwriters assemble a group of sub-underwriters, often institutional investors who are prepared to take a certain share of the offering that remains unsold. This type of underwriting deal may be called a backstopped deal or a firm-commitment underwriting deal. Backstop also refers to a government agency or loan guarantee program that will insure a company’s debt or its credit line.
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A device that prevents railroad cars from rolling off a railroad track.
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(baseball) A wall behind home plate.
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(baseball slang) A catcher; the position of catcher.
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To serve as backstop for.
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