backing back‧ing [ˈbækɪŋ] noun [uncountable]
• The proposals have the backing of the EU Commissioner for the Environment.
• The consultancy was formed with financial backing from Saatchi and Saatchi.
ˈasset ˌbacking also ˈasset ˌcover
FINANCE the total value of all the assets that a company has, divided by the number of shares that the company has issued; = ASSET VALUE PER SHARE
ˌnet ˈasset ˌbacking
FINANCE the value of a company's assets less its liabilities, except its liabilities to shareholders:
• The publishing group ended the year with net asset backing of A$27.91 a share.
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backing UK US /ˈbækɪŋ/ noun [U]
► FINANCE support, especially financial, for something or someone: »
Only with generous financial backing do any of these ambitious projects stand a chance of success.
Financial and business terms. 2012.