Definition of backdating

Consider the following examples of common backdating scenarios that are disallowed: There was a spate of backdating stock options in the 2000s, mostly at technology firms that rely heavily on stock options for executive compensation, but also at some companies not in the tech sector.The backdating scheme involved moving an effective date for the exercise of stock options from when the options were 'out of the money' to a date that made the options 'in the money' in order to allow certain executives to exercise their options profitably.Separating main clauses Main clauses that are joined together with and or but do not normally have a comma before the conjunction unles...Backdating is the practice of assigning a date to a document that is earlier than the date the document was originally created or signed and finalized.For example, if one signs a contract on February 1, one may backdate it to January 31.Backdating is usually illegal; for example, one may use backdating to evade taxes.However, it can be permissible under certain circumstances.For instance, one may backdate an insurance claim if there was an unavoidable delay between the date the insured event occurred and the day the claim was made.

The comma marks a short pause between elements in a sentence.Backdating is mostly used to make the age of the consumer at policy issue lower than the actual age to get a lower premium.Backdating in most circumstances is considered fraudulent and illegal. For instance, backdating a claim for a past period is taken as legal.Click on the thesaurus category heading under the button in an entry to see the synonyms and related words for that Blog A must for anyone with an interest in the changing face of language.to January 2010, according to an agreement concluded between the top management of the National Railway Company (SNTF) and the National Railwaymen Union (FNC), said Tuesday in Algiers Noureddine Dekhli, the company's Human Resources Supervisor.

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