Obs. = prec.
1855. C. Fenn, Eng. & For. Funds (ed. 5), 109. Backwardization is when a party who has sold Shares or Stock, without having them in his possession to deliver, pays so much per Share, or per Cent., for not being compelled to do so until the following account.
1865. in Public Opin., 18 Nov., 541/2. ‘Backwardization’ expresses … the sum which a seller pays for not being obliged to deliver the shares at the time before agreed upon, but carry them over to the following account.
