Adjective(1) unsupported by other people
(1) Even if we momentarily share their obsession and even if we stick to the old texts, unbacked by any harder evidence, the accepted view does not bear much scrutiny.(2) Over centuries, governments have taken over money from the market, and in the 20th century, most currencies became unbacked by anything other than the force of the State.(3) It is a fiat standard, unbacked and irredeemable, which can be inflated and depreciated at will.(4) The Philip Carberry-ridden Killeaney, on the other hand, went unbacked in the three-mile handicap hurdle.(5) To recapitulate: check-kiting consists in issuing an unbacked check that the conspiring banks ‘back’ with an endless string of further unbacked checks.(6) Japanese would have difficulty to secure real goods from Americans for dollars they have received since these dollars are unbacked by production.(7) Rather than facilitating the transfer of savings across the economy to wealth generating activities, when banks issue unbacked claims they are in fact setting in motion the weakening of the process of wealth formation.(8) Unlike a 100-percent reserve system, in which banks cannot issue more in notes than they have specie in their vaults, there is no logical limit to the expansion of the unbacked paper money favored by Fathers Coughlin and Fahey.(9) Now, since this money is unbacked by any previous production of real wealth it will set in motion an exchange of nothing for something, or a redirection of real savings from wealth generators towards the borrower of the newly created $1000.(10) Being itself unbacked by anything other than politicians' promises, it is - in its current unbacked form - simply doomed.(11) In the greater monetary scheme of things, of course, the dollar is still what investor Doug Casey calls ‘the unbacked liability of a bankrupt government.’(12) Today, they give the same old unbacked money a pretty facelift every few years and then go about devaluating it still further.(13) Also during the course of the war, the federal government printed almost $1 billion in paper currency, or ‘greenbacks,’ that was unbacked by gold or silver.(14) We laid it from 33-1 to 10-1 and a lot of supposedly fancied horses like Bobbyjo and Djeddah were unbacked .(15) The bank then lends this unbacked certificate to an individual Arthur.(16) Although much of his thesis is useful for analyzing ethnicity and its consequences in Africa, Mwakikagile's book is full of unbacked , unproven assumptions.
1. single-handed ::
2. unassisted ::
English to Afrikaans Dictionary: unbacked
Meaning and definitions of unbacked, translation in Afrikaans language for unbacked with similar and opposite words. Also find spoken pronunciation of unbacked in Afrikaans and in English language.
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What unbacked means in Afrikaans, unbacked meaning in Afrikaans, unbacked definition, examples and pronunciation of unbacked in Afrikaans language.