A bank in the general sense is simply a financial institution which receives customer deposits. Due to the fact that banks have control over the money of the general population, they are usually highl...
A balance sheet is one of the three financial statements that are used to value a company and to show what it owns or owes. The Balance Sheet lists all assets, liabilities and shareholder's equit...
Backwardation is a trading term used to refer to a situation where the price of a future for a specific asset is lower than the expected spot price at the time of expiration of the future...
The back office is the section of a firm responsible for functions related to the running of the company such as:SettlementsComplianceAccountingIT & Other Technology...
Audit is a way of examining firm or account practices. Auditing is a service provided by financial service firms (i.e. Deloitte, PriceWaterHouse Cooper, KPMG, Ernst & Young). I...
An Associate is the second lowest ranking of the front-office roles within an investment bank. The responsibilities are similar to those of an analyst, except with more emphasis on managing the A...
Asset Management is a team within a financial firm that is dedicated to managing the assets (cash, investments etc.) of clients. The asset management firm has dedicated portfolio managers as well...
An asset backed security (ABS) is a security which uses an asset as the form of backing (i.e. collateral). The asset is usually something that provides consistent payments that line up with ...
An asset is any resource with value that is held by a company, individual or country. Assets add to value and are bought either to increase value or to benefit the firm....
Ask is simply the price in a market at which an asset can be bought (i.e. the price at which it is being sold). The ask price is usually also quoted with the amount of the asset which the seller is pr...