Business, Legal & Accounting Glossary

Definition: Backpricing


Full Definition of Backpricing

A method where the buyer fixes the price of a commodity to be delivered in a futures contract after making a commitment to purchase. The buyer can use the futures market to fix the price.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Backpricing. Payroll & Accounting Heaven Ltd.
December 08, 2021
Chicago Manual of Style (CMS):
Backpricing. Payroll & Accounting Heaven Ltd. (accessed: December 08, 2021).
American Psychological Association (APA):
Backpricing. Retrieved December 08, 2021
, from website:

Definition Sources

Definitions for Backpricing are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.