- back back [bæk] verb [transitive]1. to support someone or something, especially by giving money or using your influence:
• The board backed Mr Standley, who plans to cut costs.
• Shareholders have backed a plan to build a second plant.2. FINANCE if Securities are backed by particular assets, they are supported by income from them:
• This new generation of securities is backed by aircraft leases, royalty streams from films, student loans and auto loans.— see also asset-backed security ➔ securityback something → up phrasal verb [transitive]COMPUTING to put copies of information held on a computer onto a disk, so that the information is not lost if there is a problem with the computer:
• This allows users to back up the database without shutting it down.
* * *Ⅰ.back UK US /bæk/ verb [T]► to give support or approval to someone or something: »
Shareholders will be asked to back the proposals.► FINANCE to provide financial support for someone or something: »
A handful of firms will sell more than $2 billion of bonds backed by home equity, credit card, and other loans.»
Demand continues for government-backed loans.»
Investors are snapping up asset-backed bonds.Ⅱ.back UK US /bæk/ adjective [before noun]● back pay/rent/tax, etc. — Cf. back rent/tax● on the back burner — Cf. on the back burner● take a back seat — Cf. take a back seatⅢ.back UK US /bæk/ adverb► in return or reply: »
I'm busy at the moment - can I call you back?»
I e-mailed the customer services department and they said they would get back to me tomorrow.
Financial and business terms. 2012.