backspread I. \ˈ ̷ ̷ˌ ̷ ̷\intransitive verb Etymology:back (II) + spread 1.in stock speculation: to close the transactions previously made in a spreading operation 2.in stock speculation: to transfer a hedge from one market to another II. noun : an arbitrage operation like a spread but performed when the difference in price between the two markets is less than the normal one