noun, verb, -logged, -log⋅ging.| 1. | a reserve or accumulation, as of stock, work, or business: a backlog of business orders. |
| 2. | a large log at the back of a hearth to keep up a fire. Compare forestick. |
| 3. | to hold in reserve, as for future handling or repair. |
| 4. | to enter and acknowledge (an order) for future shipment. |
| 5. | to accumulate in a backlog: Orders are starting to backlog faster than we can process them. |
Backlog
The total value of sales orders waiting to be fulfilled.
Investopedia Commentary
This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings.
See also: Earnings, Revenue, Sales per Share