Meaning of the word backer in English

What does backer mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

backer

US /ˈbæk.ɚ/
UK /ˈbæk.ɚ/

Noun

1.

someone who gives financial support to something:

Example:
We need financial backers for the project.
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