Backstopped

/ˈbækˌstɑpt/ verb

Definition

Stopped or blocked by a backstop; served as a final barrier or safeguard against something.

Etymology

Past tense of 'backstop' as a verb, formed by adding '-ed' to the noun that also functions as a transitive verb in English.

Kelly Says

In finance, 'backstopped' describes when large investors guarantee to buy remaining shares—a protective mechanism that saved many companies during stock market crashes!

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