February 14, 2020
Bank
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
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 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 ...
Lyft (LYFT) is a ride-hailing company very popular in the United States. Like Uber, the company has worked effortlessly to expand its reach across the shores of the United States. For a while no...
What is a Bear Market?DefinitionA bear market is a situation when there is a 20% (or more) fall in the prices of securities from a recent high over a period of two months or more. A bear market c...
Merck, the giant pharmaceutical company, has officially announced plans to Spin-off a bunch of their products, totaling 6.5 billion in dollars. The announced products consist of, but not limited...
According to Nasdaq, Ridesharing company Lyft Inc (LYFT) will report its earnings after hours on February 11, 2020. The report will be for the fiscal quarter ending Dec 2010, and 5 analysts' foreca...
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...