Definition, Meaning & Synonyms
financial backing
Noun
/fəˈnæn.ʃəl ˈbæk.ɪŋ/
Definition
Support in the form of money provided to a company or individual for a specific project or enterprise.
Examples
- The startup secured financial backing from several venture capitalists.
- Without financial backing, the project could not move forward.
- She sought financial backing for her new restaurant idea.
Meaning
Financial backing refers to the funds provided by investors or institutions to support business initiatives, projects, or investments.
Synonyms
- Funding
- Financial support
- Capital
- Investment
