noun
- the practice of assigning an earlier date to a document, contract, or transaction than when it was actually created or executed
Usage: often used in legal and business contexts
Examples
- The company was investigated for backdating stock options to increase executive compensation.
- Backdating the contract would make it appear the agreement was signed before the deadline.
- The accountant was fired for backdating invoices to manipulate quarterly earnings.
- Insurance companies often prohibit backdating policies to prevent fraud.
- The backdating of the lease agreement raised questions about its legitimacy.
- Regulators found evidence of systematic backdating in the firm’s records.