Balance of payments
A statement of a country's trade and financial transactions with the rest of the world over a period of time.
Balance of trade
The difference between the value of a country's imports and its exports during a specific time period. When a country exports more than it imports, it is said to have a favorable balance of trade; when imports exceed exports, it is said to have an unfavorable balance of trade..
http://www.blinkx.com/video/forex-trading-au-trade-balance-trade-video-may-30-20
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Bankruptcy
An inability of an individual or an organization to pay off its debts. Also called a State of Insolvency. The U.S. bankruptcy code provides different types of relief from insolvency according to the various chapters of its code. This includes petitioning to a court to be freed from all outlying debts, granted that almost all of the individual’s or organization’s assents are liquidated. Assets such as an individual’s house are usually exempt. Another type of relief maintains the individual’s possession of his or her assets provided that an appropriate repayment schedule can be organized with creditors.
http://www.videojug.com/interview/bankruptcy
Beneficiary
A person named in a will, life insurance policy, retirement plan or other financial arrangement to receive a benefit at the time of the death of whom the will, life insurance policy or other arrangement was made out for.
http://www.videojug.com/interview/wills
Bill of exchange
A signed, written order by one business that instructs another business to pay a third business a specific amount. Also called a draft.
Block
A large quantity of stock or dollar amounts of bonds to be held or traded. Generally a block is 10,000 shares of stock or more, or $200,000 worth of bonds or more.
Board of Directors
An elected group of individuals who are appointed by the shareholders of a corporation to oversee various tasks according to the corporation’s charter. These include appointing individuals to positions and management and the distribution of shares and dividends.
http://www.truveo.com/Sam-Zell-on-Tribune-Co-Board-of-Directors/id/3682719874
Bond
A purchased instrument of debt that pays a set amount of interest on a regular basis. The amount of debt is known as the principal. The interest payments are a form of compensation given to lenders for making the principal available for use. There are three major types of bonds: corporate, government and municipal. A corporate bond with a low credit rating is called a high-yield or junk bond.
http://www.truveo.com/Best-in-Class-Federated-US-Government-Bond-Fund/id/3216
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Bottom line
Accounting term for the net profit or loss.
Bounce
A return of a check by a bank because it is not payable, probably because of insufficient funds in the bank account.
http://www.truveo.com/3-On-Your-Side-Avoiding-Bouncing-Checks/id/1916260153
Breakeven Point
In Finance: the point at which the costs equal the sales. All sales over the breakeven point or a drop in cost produce profit, while all costs over or sales under the breakeven point produce losses
Broker
In Insurance: The person who finds the best insurance deal for a client and sells the policy to him or her. In Real Estate: The person who represents the seller, and receives a commission for his or her sales.
In Securities: The person who acts as the middleman or intermediary between the buyer and the seller.
http://www.videojug.com/expertanswer/understanding-real-estate-terminology/what-is
-the-difference-between-a-real-estate-agent-and-a-real-estate-broker?utm_source=B
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Budget
As estimated sum of revenue and expenditures to be used over a specified time period. The term often refers to a preliminary financial plan, adopted before a specific project is to be set in motion.
Business Day
The hours when most business are operational. The conventional business day is between 9 a.m. to 5 p.m.
Business Productivity
The monthly measurement of output or production per hour of work conducted by The Labor Department.