Usage Note
Respaldado is the past participle of respaldar ('to back, to support') used as an adjective. It comes from respaldo ('backrest; backing; support'). The phrase 'respaldado por' ('backed by') is extremely common in financial, political, and journalistic contexts. A related false-false friend: espalda means 'back' (the body part), and respaldo is literally the 'back' of a chair.
Examples
"El proyecto fue respaldado por el gobierno."
Natural Translation
The project was backed by the government.

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