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BACK CHANNEL COMMUNICATION

When an organization has an informal informational channel. It sometimes is faster than formal communication.

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BACK CHARGE

When a bill is made to collect on debt from another period. This is due to error or an eligible collection. It is best to avoid this.

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BACK DATE

The date on a document that is retroactive. AKA ante date. It is the opposite of post date.

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BACK DOOR

A process where the BANK OF ENGLAND attempts to influence UK money supply indirectly by dealing in TREASURY BILLS through its own account, at market rates. See also FRONT DOOR.

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BACK DOOR LISTING

A process where an unlisted or private company gains a stock EXCHANGE listing through a MERGER or ACQUISITION with a company that is already listed.

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BACK DOOR SELLING

To sell without allowing a competitive bid. AKA backflush accounting.

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BACK END

1.the place that customers don't get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

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BACK LAND

A bit of land away from water or the road.

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BACK LETTER

An agreement that lists obligatios and rights that are not on the principal agreement.

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BACK LOAD

Expenses deducted at the time benefits are paid out.

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BACK MATTER

An additional section at the end of a book. It is placed after the main text.

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BACK OF THE NAPKIN BUSINESS MODEL

Ideas of a business plan with out details. This is the big picture or a quick outline thought up on the fly.

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BACK PAY

The past wages and benefits an employee can get retroactively. This is illegal in court.

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BACK PAY AWARD

A requirement that retroactive compensation be denied by an employer. They were used in discrimination cases in the federal civil rights laws.

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BACK TAXES

Those assessed for a previous year or years and remaining due and unpaid from the original tax debtor. M. E. Church v. New Orleans, 107 La. 611. 32 South. 101; Gaines v. Galbraeth, 14 Lea (Tenn.) 363.

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BACK TO BACK

Agreements that are linked. Each agreement has the same terms.

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BACK TO BACK CREDIT

A promise to perform and pay back a debt. AKA back guarantee and reciprocal credit. Refer to back letter of credit.

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BACK TO BACK LETTER OF CREDIT (L/C)

When an irrevocable letter or credit acts as the collateral for another letter of credit. The first letter's bank is the issuing bank for the second letter.

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BACK TO BACK LOAN

When a bank gives a loan based on a loan already given in another country. It is done to prevent exchange restrictions. A parent and subsidiary firm is used. The parent is ultimately liable for default. Refer to parallel loan.

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BACK TO BACK TICKET

1.When one journey is taken directly after another. 2. buying two tickets instead of a round trip. A discount or restriction avoidance is the usual reason for this.

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