Back Up the Truck
What is Back Up the Truck?
Back up the truck is slang forsentiment about a or security.
How Does Back Up the Truck Work?
In the transportation world, drivers often back up the truck when they’re getting ready to get a 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.from a warehouse. Similarly, in the finance world, the
Why Does Back Up the Truck Matter?
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.
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