DefinitionA barrier option is a type of options contract that slightly differ to regular contracts because of its “barrier” feature. This barrier is a fixed price that determines the activation or...
There used to be a time when pension and social security benefits were enough for sustainability after retirement, but today, the story is a different one. Without a solid retirement plan, most person...
What is the definition of a Barrels of Oil Equivalent (BOE)?DefinitionBarrels of oil equivalent is a measure of the amount of energy contained in a barrel of oil. BOE is primarily a measure of en...
DefinitionBankruptcy is a term used to describe an individual’s or organization’s inability to make payment to its creditors or fulfill its outstanding financial obligations. Though the term is mo...
Historically, most of the high paying investments in the stock market are the product of tax-free Spinoffs. However, most times investors lose out of these great benefits because of what they often th...
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-Owned Life Insurance (BOLI)?DefinitionBank-owned life insurance is a type of life insurance that covers a bank both as the owner and beneficiary. Through the use of some cash-value p...
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 Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...
What Are Index FundsAn index fund is a group of bonds, stocks and other types of securities that are used in tracking market index. Market index denotes a compilation of securities representing a part...