backdating
Definition
When the effective date of a policy is earlier than the application date. This is done so premiums can be calculated for a younger age than the insured's actual age.
Related Articles
- What is Difference Between Direct and Indirect Tax? *
- Can Commodities Affect Currency Rates? *
- ECN's and Online, Day and Active Trading *
- Buying and Selling Investments *
- Introduction to Stocks *
- An Overview of Mortgages *
- Keoghs and Their Distribution Options *
- What Is a Capital Gain and What Does It Mean For My Taxes? *
Related Videos
http://www.businessdictionary.com/definition/backdating.html
