DEFINITION of 'Back Up The Truck'

Slang that refers to the purchase of a large position in a stock or other financial asset by an investor or trader. Typically, when someone is willing to back up the truck on a financial asset, this implies that they're extremely bullish on that asset's performance.

BREAKING DOWN 'Back Up The Truck'

For example, if an analyst recommends that it is time to start backing up the truck on XYZ stock, this means that he or she is extremely confident and upbeat about how well XYZ stock will be doing in the foreseeable future.

The term refers to the imagery derived from a truck backing up to a warehouse or some other commercial building to load up goods.

RELATED TERMS
  1. Carrying Value

    An accounting measure of value, where the value of an asset or ...
  2. Truck Tonnage Index

    An index that measures the gross tonnage of freight that is transported ...
  3. Declining Balance Method

    A common depreciation-calculation system that involves applying ...
  4. Economic Depreciation

    A measure of the decrease in value of an asset over a specific ...
  5. Taking The Street

    A slang phrase referring to the hedge fund tactic of buying large ...
  6. Take A Report

    A slang phrase signifying that an individual's trade order has ...
Related Articles
  1. Investing

    The Economics of Running a Food Truck

    Thinking of getting into the food truck business? It's not as easy as it looks. Here are some of the various challenges you'll face.
  2. Managing Wealth

    How To Start a Successful Food Truck

    Understand how a food truck operates and what makes a food truck successful. Learn about the top five steps to run a successful food truck.
  3. Personal Finance

    How the Future of Driverless Trucks Impacts the Global Economy

    A successful cross-border trip of a convoy of self-driving trucks across Europe gives insight to a future of autonomous vehicles to replace human drivers.
  4. Investing

    Explaining Replacement Cost

    The replacement cost is the cost you’d have to pay to replace an asset with a similar asset at the present time and value.
  5. Managing Wealth

    The 4 Best Cities to Open a Food Truck in the US

    Learn what characteristics indicate a good city for opening a food truck, and identify specific U.S. cities that fit these characteristics.
  6. Investing

    General Motors Share Hurt By Lack Of Trucks, SUVs (GM)

    General Motors could see its market share in the U.S. erode as it reels from lack of supply for trucks and SUVs.
  7. Small Business

    What are Acquisition Costs?

    A company can recognize acquisition costs as those costs used to buy property and equipment.
  8. Small Business

    Understanding the Internal Rate of Return Rule

    The internal rate of return rule is a popular method used to compare investments or projects.
  9. Investing

    The Production Possibility Frontier (PPF)

    A production possibility frontier (PPF) is a range of answers to the question, “What is our maximum production capacity?”
  10. Investing

    What is a Real Asset?

    A real asset is a physical asset that has value.
RELATED FAQS
  1. What is the difference between a long position and a call option?

    Learn what a long position in a stock is, what a call option is, and the difference between owning shares of a company and ... Read Answer >>
  2. Are stocks real assets?

    Learn why stocks are classified as financial assets, not real assets. Understand the properties that determine whether an ... Read Answer >>
  3. Why should I invest in the railroads sector?

    Reap the benefits of the railroad sector's advantages over its competitors by adding companies in this industry to your investment ... Read Answer >>
  4. Why would my stock's value decline despite good news being released?

    More often than not, when a firm releases an earnings report the market will react to this news by adjusting the firm's stock ... Read Answer >>
  5. Are current assets liquid or capital?

    Take a deeper look at liquid current assets for businesses and individuals, and learn how they differ from other types of ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center