Backdating of executive

Backdating is the practice of marking a document, whether a check, contract or other legally binding document, with a date that is prior to what it should be.

Backdating is used when a fund offers declining proportional sales charges on larger purchases.In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g.Giving retroactive value to purchases from the earlier date.For example, if one signs a contract on February 1, one may backdate it to January 31.Backdating is usually illegal; for example, one may use backdating to evade taxes.

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