Tag: O

February 14, 2020

Bank Confirmation Letter (BCL)

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...

February 14, 2020

Bandwagon Effect

What is Bandwagon Effect?DefinitionThe Bandwagon effect is a term used when a person or group of people act in a certain way or do something majorly because other people are doing it not necessar...

February 13, 2020

Balloon Payment

What is the definition of a Balloon Payment?DefinitionA balloon payment is a financial term used to describe the lump sum payment attached to a loan, mortgage, or commercial loan. This payment is...

February 13, 2020

Balanced Scorecard

What is a Balanced Scorecard?DefinitionA balanced scorecard (BSC) is a strategic planning and management metric used by organizations to effectively communicate their goals and targets, organize ...