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 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 a Backstop in finance? This is an insurance policy formed during the UK-EU Brexit negotiation and agreement. It is among the draft of withdrawal written during the time of Theresa May's g...
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...
Accidental Death and Dismemberment Insurance (AD&D) Meaning of Accidental Death and Dismemberment Insurance The Accidental Death and Dismemberment insurance, abbreviated as AD&D, can be l...
What is Backlog in finance? This is usually a list of work that needs to be completed. While this definition is a general one, in accounting and business, Backlog might mean that the company is y...
The backdoor Roth IRA is an indirect loophole that allows high-income earners to contribute to the Roth IRA. Although, the government-sanctioned contribution to the Roth IRA through a backdoor, if you...
This is a term used to describe people who were born between 1946 and 1964. The baby boomer category represents a large portion of the world population and has a significant impact on the world econom...