The term 'make retroactive' can be summarized as 'backdate, ' which is an 8-letter word. Backdating is the practice of setting a document or agreement to a date prior to the actual date it was signed or agreed upon. This is often done to take advantage of certain benefits, such as lower taxes or more favorable terms. It is important to note that backdating is not always illegal, but it can be considered fraud if done with the intent to deceive.