Definition of backdating oasisdatingsite net

When an insurer approves a backdated policy, they are then obligated to honor claims for losses that occurred after the backdated period, even if the policy was only signed after the insured event took place.

However, the claimant normally needs to demonstrate good reasons for waiting to file a claim or for not being insured before the loss.

In the context of corporate governance, the illegal practice of setting the date of options awarded as part of executive compensation to a period when the stock price was very low (rather than setting the date of the options on the date the award was made).

The act of dating a document before the date it was actually signed.

When a policy is backdated, the insured may be required to pay premiums for the backdated coverage.

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There are certain situations, however, when backdating is acceptable; however, the parties involved must agree to it.Separating main clauses Main clauses that are joined together with and or but do not normally have a comma before the conjunction unles...Backdating is the practice of assigning a date to a document that is earlier than the date the document was originally created or signed and finalized.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.

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