A "backer" is someone who supports or financially invests in a project or a person. They believe in their success and contribute money or resources to help them. Full definition
Realtors have raised concerns about these loans because they often take a first - lien position, creating problems for backers of the primary mortgage when there's a default. (nar.realtor)
Plus, another free gift for backers in the very near future. (kickstarter.com)
Such programs receive public funding, and contract out services to for - profit providers, which in many cases are associated with the financial backers of the venture. (theconversation.com)