Backdated

Backdated refers to something that is given a date earlier than the actual one. This usually applies to documents, agreements, payments, or other transactions. The practice is employed for various reasons, including reflecting a past agreement, rectifying a mistake in the original dating, or adjusting for changes in circumstances. It is essential to be aware of the legal and ethical implications of backdating, as it could be considered fraudulent in some cases.

Backdated meaning with examples

• The contract was backdated to January 1st, allowing the company to claim the tax benefits from the start of the fiscal year. It was backdated so the company could claim all of the benefits for the previous fiscal year even if there were some discrepancies in the actual contract.
• The insurance policy was backdated to the day before the accident, but the insurance company refused to honor the claim because the information and documents were not submitted properly to the proper channels to ensure the contract was actually backdated.
• The letter of resignation was backdated, hoping to avoid any negative impact on his employment record or the chance of being called on for further investigations of his performance over time.
• The invoice was backdated to ensure that the customer could take advantage of a specific promotional offer that had expired on a certain date, making sure the customer knew to take advantage of the sale.
• The salary raise was backdated, and the employee received a lump sum payment covering the difference between their previous and new salaries for the time prior to getting the job. The employee was very happy.