Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BACK LETTER

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

BACK MATTER

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

BACK PAY

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

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.

BACK TO BACK

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

BACKBONE

The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of the company.

BACKCASTING

When a prediction is made based on an outcome and works backwards to the present.

BACKED CURRENCY

When currency has value has value connected to another commodity like gold.

BACK-END SYSTEM

A computer or computers that do calculation heavy operations for corporations.

BACKFITTING

Adding new equipment to existing workings to make it last longer. AKA retrofitting.

BACKFLIP TAKEOVER

A takeover where the buying company is now a subsidiary. This happens when the company bought is larger the the one purchasing it.

BACKFLUSH COSTING

Pricing a product by using the finished result and working your way back. When inventory must be kept low this is the way costing is done. AKA backflush accounting.

BACKFLUSHING

The inventory left after orders are processed and the manufacturing needs are met. The parts used or bought are taken out of the inventory records to get an idea of what a

BACKGROUND CHECK

Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government uses them

BACKGROUND VARIABLE

A nonsignificant variable in a calculation or experiment. It has no effect on the outcome.

BACKGROUNDER DATA

A review of a companies financial status and holdings. When printed its called a backgrounder sheet or a fact sheet.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.