Definition, Meaning & Synonyms
backstopped
verb
ˈbækˌstɒpt
Definition
Provided support or assurance, typically financial, to stabilize a situation.
Examples
- The government backstopped the failing bank to prevent a financial crisis.
- Investors were relieved when the fund was backstopped by a larger institution.
Meaning
To backstop means to offer a guarantee or a level of security that helps to protect against potential loss or failure.
Synonyms
- supported
- guaranteed
- secured
- underpinned
