Backs
Definitions
- (n.) Amounts or guarantees given in support of debt or obligations.
The creditor required several backs to ensure the loan's security.
- (v.) Third-person singular present of back.
The company backs the new policy initiative.
Related terms
See also
Commentary
As a legal term, 'backs' most often appears as a plural noun related to financial guarantees; as a verb, it is the present tense of 'back' meaning to support or endorse.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.