to backstop
2
6.5
- verb
- /ˈbækˌstɑp/
:
respaldar
- I have just pleaded for more rules and for an apparatus to apply them so that it backstops your negotiations.
- to backstop funds
Taxpayers via the Treasury's fund that backstops this program.
- Taxpayers via the Treasury's fund that backstops this program.
- While it is true in spirit, the taxpayers are backstopping that bailout.
- If the failed bank had been first Bank of Iowa Agriculture, there would have been no reticence by the feds or public to backstop its depositors.
- So given that, because generally what the PBGC backstops is called a DB defined benefit pension plan.
Examples
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When the collapse of Lehman Brothers in 2008 unleashed a financial crisis, the G-20 in 2009 approved a $250 billion SDR allocation to help backstop efforts to fight the spread of the crisis.
Blog text (23) -
Supporters argue that deposit insurance requires government support to backstop the banking system in the event of a financial crisis.
Academic text (2016) -
US banks and US businesses and rich people wanted a central bank to backstop banks that frequently crashed, but also for the government to finance foreign exports.
Blog text (31) -
Taxpayers via the Treasury's fund that backstops this program.
-
While it is true in spirit, the taxpayers are backstopping that bailout.
-
All governmental efforts to backstop housing are stimulus and do add to the national debt (the debt your children and theirs will face for a lifetime).
Blog text (30) -
Since then, European officials have been cobbling together a "financial firewall"—a series of measures to backstop failing banks and prevent another full-blown crisis.
Blog text (33) -
If, as expected, the German taxpayer backstops the rescue operation, the spending—including government guarantees—will be enormous.
Academic text (2011) -
To ensure everyone's safety, the organization decided to backstop the new health initiative with additional funding.
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The city created a plan to backstop the local businesses in case of financial downturns.
Antonyms
How Protective
∞
2.8
- Formal
9
7.1
30
5.4
2
6.5
∞
1.0
∞
1.0
Surface Forms
Etymology
To backstop as a verb comes from the same parts back 'behind' and stop 'to stop', meaning to provide a support that will 'stop' things from failing. So to backstop someone or something is to act as a safety net or backup.