backloadverb [ I or T ]
uk/ˈbækˌləʊd/usFINANCE in a financial agreement, to arrange to pay more money at the end of an agreed period of time than at the beginning:
The bank allowed borrowers to backload mortgages, making minimal interest payments in the first few years, but at the cost of ballooning payments in future years.
TRANSPORT to arrange for an empty vehicle to transport goods on its return journey, usually at a reduced price:
If you backload your goods, it can mean a significant cost saving.
backloadnoun [ C ]
uk/ˈbækˌləʊd/usTRANSPORT the return journey of a vehicle that has taken goods to a place and left them there, or the goods that are transported on this journey:
Get your deliveries done as a backload or return job and start saving money.