Definition of backdating
A procedure for making the effective date of a policy earlier than the application date.
Often used to make the age at issue lower than it actually was in order to get a lower premium.
Definition of backdating vba application updating
A government grant is a financial award given by the federal, state or local government to an eligible grantee.
Government grants are not expected to be repaid and do not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing.
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.
Under most circumstances, backdating is considered fraudulent and illegal.
However, the claimant normally needs to demonstrate good reasons for waiting to file a claim or for not being insured before the loss.