what is Basic Material in Finance? With the high rise of the production and manufacturing sector, there is a consistent demand for basic materials. To meet the demands of manufacturers for produc...
Recently, in a YouTube interview with Marques Brownlee, Billionaire and Microsoft founder, Bill Gates revealed that he acquired a new Porsche Taycan Turbo S. This electric vehicle is worth about $18...
DefinitionA bank reconciliation is a document that matches a company’s cash balance on its balance sheet to the equivalent amount on its bank statement. Bank reconciliation is done at intervals to e...
What is Bank Rating?DefinitionBank rating is a set of numerical or alphabetical ranking of banks, thrift, and other financial management organizations by Federal deposit insurance or private comp...
What is a Bank Statement?DefinitionA bank statement, also known as account statement, is a financial term used to refer to a confidential document that is sent from a bank to its account holders every...
What is Bank Identification Number (BIN)?Definition A bank identification number (BIN) refers to the first four to six numbers reflected on a bank-issued card. The first digit of the BIN represen...
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 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 a Balanced Investment Strategy?DefinitionA balanced investment strategy is a technique used in portfolio allocation by combining the investments in a portfolio with the aim of balancing r...
What is a Benefit-Cost Ratio (BRC)?DefinitionThe benefit-cost ratio is an indicator used in a cost-benefit analysis to give an overview of a project or proposal showing the relationship between t...