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Dictionary


back•ward•a•tion



Pronunciation: (bak"wur-dā'shun), [key]
—n.
(on the London stock exchange) the fee paid by a seller of securities to the buyer for the privilege of deferring delivery of purchased securities.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

backwardbackwash

 

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