What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...
What is Backtesting?Backtesting refers to the process of applying an analytical method or trade strategies on the existing model in order to observe how accurately the strategies would predict or dete...
What is a Backstop in finance? This is an insurance policy formed during the UK-EU Brexit negotiation and agreement. It is among the draft of withdrawal written during the time of Theresa May's g...
What is Backorder? Backorder is a situation whereby customers are allowed to purchase unavailable stocks. Simply put backorder means more orders than the available stock. In a backorder, a ...
What is backflush?This is a situation whereby a company's production process was first completed before the recording of all the related issuance from stocks used in the production process. Backflush ...
What is Back Office in Finance? Traditionally, a company is made up of two portions, the front desk, and the back office. However, a financial firm has another portion referred to as the middle o...
What is Back-End Ratio? This is also known as a debt-to-income ratio. Back-End Ratio is used to determine how much of a person's salary would be used to clear his or her debt. It can also be used...
What is Backlog in finance? This is usually a list of work that needs to be completed. While this definition is a general one, in accounting and business, Backlog might mean that the company is y...
The backdoor Roth IRA is an indirect loophole that allows high-income earners to contribute to the Roth IRA. Although, the government-sanctioned contribution to the Roth IRA through a backdoor, if you...
Are you in search of a high-yield savings account that gives the best interest rate on your savings? In this article, we would be exploring the top 10 High-Yield Banks savings account and their intere...