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Investments glossary

Backlog

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Civilization is drugs, alcohol, engines of war, prostitution, machines and machine slaves, low wages, bad food, bad taste, prisons, reformatories, lunatic asylums, divorce, perversion, brutal sports, suicides, infanticide, cinema, quackery, demagogy, strikes, lockouts, revolutions, putsches, colonization, electric chairs, guillotines, sabotage, floods, famine, disease, gangsters, money barons, horse racing, fashion shows, poodle dogs, chow dogs, Siamese cats, condoms, peccaries, syphilis, gonorrhea, insanity, neuroses, etc., etc.

— Henry Miller

A backlog is a buildup of work that needs to be completed. The term backlog has a number of uses in accounting and finance. It may, for example, refer to a company’s sales orders waiting to be filled or a stack of financial paperwork, such as loan applications, that needs to be processed.


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