What is Bag Holder?A bag holder is a term used to refer to investors or individuals who are stuck with something that is completely worthless or almost worthless. Such a person is said to be left “h...
A business is always at risk so many times, one of these risks is offering goods and services on credit to customers who may likely fail to pay up. It’s a personal choice for a business to write off...
For any business to thrive successfully it must duly pay attention to all aspects of the business that can likely affect its performance; this includes its credit extension. Businesses are prone to ex...
Backwardation is a term conversant with commodity trading in the futures market, closely associated with this term is ‘contango’. They are both terms used to define the futures price of a commodit...
What is Backward Integration?“Backward integration refers to the process in which a company purchases or internally produces segments of its supply chain.”Backward integration can be simply d...
What is Backup Withholding (BWH)?It is expected of every taxpayer with certain kinds of income payments to report these payments on an information return (federal income tax return). The income paymen...
What is a Bad Credit? Bad credit is a historical bad report on a person's debt payment. The record states the person's inability to pay his or her debt when it was expected and the likelihood tha...
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 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 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...