Friday, March 14, 2014

Term of the Day: Backdating

Term of the Day | Investopedia


March 14, 2014
Backdating
Dating any document by a date earlier than the one on which the document was originally drawn up. Under most circumstances, backdating is seen as fraudulent and illegal, although there are some situations in which backdating can be used in a legal and beneficial way, such as backdating a claim for a past period.
Investopedia Says:
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