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...
DefinitionThe banker’s acceptance, also known as bill of exchange, is a bank draft that requires a bank to pay a holder of an instrument a stated amount on a specified date. This usually occurs with...
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...
Apple (AAPL) said on Monday that its quarterly revenue forecast will be affected by the current Coronavirus outbreak in China. The company said the virus caused lower Chinese demand for its iPhones.&n...
The long-awaited merger of TMobile (TMUS) and Sprint (S) that has been ongoing for more than two years is closed to happening this year. This latest development was as a result of the court order rule...
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 Bear Trap?DefinitionA bear trap is a financial term used to describe a situation wherein, investors who sold short at the bottom of a down cycle get “trapped” at an unexpected reversal of ...
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 ...
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...