Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Back Up the Truck

What it is:

Back up the truck is slang for bullish sentiment about a market or security.

How it works (Example):

In the transportation world, drivers often back up the truck when they’re getting ready to get a load from a warehouse. Similarly, in the finance world, the term back up the truck refers to a positive outlook on or even the purchase a large quantity of a particular security. Thus, for example, if John Doe is feeling very good about Company XYZ’s prospects and is going to purchase a large position in the company, we would say he’s going to back up the truck on Company XYZ.

Why it Matters:

Knowing the meaning of this term will help you understand when someone is indicating that he or she has a positive outlook for a particular security.