The practice of allowing a mutual fund shareholder to use previous purchases of the fund's shares so as to qualify for reduced commission charges on subsequent purchases.
Backdating is used when a fund offers declining proportional sales charges on larger purchases.
…BUT for the Simply put, every year you wait to purchase life insurance, your premium increases! This male non smoking client is rated Preferred and looking for a 20 year term with 0,000 in coverage.
Here is the difference in dollars and cents from Banner Life: Actual Age 59 (60 for life insurance purposes): 7.55 per month/70.60 per year = ,412.00 over a 20 year term Actual Age 60 (61 for life insurance purposes): 7.39 per month/48.68 per year = 973.60 over a 20 year term Fortunately, life insurance companies let you backdate your policy to lock in a premium for a specific age.
Sometimes certain claims (such as insurance claims) can be backdated if the could not be completed at an earlier date, although there must be good reason for neglecting to claim in advance.
If your backdated claim is approved, you will be able to receive benefits from a certain date in the past.
In 1972, a new revision (APB 25) in accounting rules resulted in the ability of any company to avoid having to report executive incomes as an expense to their shareholders if the income resulted from an issuance of “at the money” stock options.
In essence, the revision enabled companies to increase executive compensation without informing their shareholders if the compensation was in the form of stock options contracts that would only become valuable if the underlying stock price were to increase at a later time.
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Additionally, companies can use backdating to produce greater executive incomes without having to report higher expenses to their shareholders, which can lower company earnings and/or cause the company to fall short of earnings predictions and public expectations.
Corporations, however, have defended the practice of stock option backdating with their legal right to issue options that are already in the money as they see fit, as well as the frequent occurrence in which a lengthy approval process is required.
Techniques include tree rings in timbers, radiocarbon dating of wood or bones, and trapped charge dating methods such as thermoluminescence dating of glazed ceramics.