Related Words

Backward Compatibility: The purposeful design of software and hardware to work with previous versions of the same application or device.

Normal Backwardation Theory: Holds that the futures price will be bid down to a level below the expected spot price.

Backwards compatibility: This refers to the ability of new technology to run software designed for an earlier iteration of hardware. For example, the playstation 2 is able to run all games designed for the previous . . . View Full Definition

Backwardation: A market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This may occur when the costs of storing the product until eventual de . . . View Full Definition

Backward Pass: A pass thrown to the side or backward. Also called 'onside pass' in Canadian football. There is no limit to the number of backward passes or where they may be thrown from. Sometimes incorrec . . . View Full Definition