The term “backstopped” is a relatively new word that has gained popularity in recent years. It is often used in financial and business contexts, but its meaning can be applied to various situations. In this article, we will explore the definition, origin, and associations of backstopped, as well as its synonyms, antonyms, and usage in example sentences.
Definitions
The term “backstopped” refers to a situation where someone or something provides support or protection in case of failure or loss. In the financial world, it is often used to describe the act of guaranteeing a loan or investment. For example, a bank may backstop a loan to a company, meaning that they will provide the necessary funds if the company is unable to repay the loan.
Origin
The origin of the term “backstopped” is unclear. It is believed to have emerged in the financial sector in the late 20th century, but its exact origins are unknown.
Meaning in different dictionaries
The meaning of backstopped is consistent across different dictionaries. It is defined as providing support or protection in case of failure or loss.
Associations
The term “backstopped” is often associated with financial and business contexts. It is commonly used in discussions of risk management and investment strategies. However, it can also be applied to other situations where support or protection is needed, such as in sports or politics.
Synonyms
Some synonyms of backstopped include supported, protected, guaranteed, insured, and secured.
Antonyms
Antonyms of backstopped include unsupported, unprotected, and unguaranteed.
The same root words
The root word of backstopped is “backstop,” which is a noun that refers to a barrier or support placed behind a target to prevent missed shots or to provide additional support. The term is often used in sports, such as baseball or cricket, where a backstop is used to catch balls that are missed by the catcher.
Example Sentences
- The bank agreed to backstop the loan, providing the necessary funds if the company was unable to repay it.
- The government has backstopped the insurance industry, ensuring that policyholders are protected in case of a catastrophic event.
- The team’s defense was backstopped by an experienced goalkeeper, who made several crucial saves during the game.
- The company’s investment portfolio was backstopped by a diverse range of assets, reducing the risk of significant losses.
- The political candidate was backstopped by a team of experienced advisors, who helped to craft her message and navigate the campaign.