KWThe two-character ISO 3166 country code for KUWAIT.
Backward integrationBackward integration
Acquisition by a firm of its suppliers.
The ISO 4217 currency code for the Kuwait Dinar.
Backward bendingBackward bending
Refers to a curve that reverses direction, usually if, after moving out away from an origin or axis, it then turns back toward it. The term is used most frequently to describe supply curves for which the quantity supplied declines as price rises above some point, as may happen in a labor supply curve, the supply curve for foreign exchange, or an offer curve.
Backward compatibilityBackward compatibility
Compatibility with earlier versions of software. When referring to Web pages, it means the Web page has been coded so the appearance and functionality of the page will be acceptable when it is viewed on computers with older versions of popular browsers.
In the futures market the price of a contract for future delivery of a commodity usually trades above the spot price because the owner of the contract is deemed to have the advantage of holding cash until the time of delivery and is assumed to be able to earn interest on that cash.Occasionally, however, the spot price actually exceeds the futures price. This is known as backwardation, or an inverted market.
Normal backwardation theory