What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...
What is Bandwagon Effect?DefinitionThe Bandwagon effect is a term used when a person or group of people act in a certain way or do something majorly because other people are doing it not necessar...
What is Bank Bill Swap Rate (BBSW)?DefinitionThe bank swap rate, also known as Bank Reference Rate, is the rate banks charge to lend money to each other in Australia. In the happening of an unexp...
What is Bear Trap?DefinitionA bear trap is a financial term used to describe a situation wherein, investors who sold short at the bottom of a down cycle get “trapped” at an unexpected reversal of ...
What is Baltic Dry Index (BDI) in Finance? DefinitionThe Baltic Dry Index is a measure of the cost of shipping out raw materials such as steel, iron ore, coal, cement, etc. It is a shipping ...
What is the definition of a Ballpark Figure?DefinitionA ballpark figure, also known as order of magnitude, is a numerical approximation or estimate of the value of a thing to fall within a particular ...
What is the definition of a Balloon Payment?DefinitionA balloon payment is a financial term used to describe the lump sum payment attached to a loan, mortgage, or commercial loan. This payment is...
What is a Balanced Scorecard?DefinitionA balanced scorecard (BSC) is a strategic planning and management metric used by organizations to effectively communicate their goals and targets, organize ...
What is Bearer Bond?DefinitionA bearer bond is a bearer or holder owned fixed-income security. Just like the bearer share which is a physical stock certificate owned by a current holder, a bearer...
What is a Bearer Share?Definition A bearer share is a term used to refer to an equity share that is fully owned by the person in possession of the physical stock certificate. Understanding Bearer...