Glossary Of Financial Terms(B)

Bankruptcy

Bankruptcy is a situation when an individual or a company declares insolvency. In cases of bankruptcy, the individual or company becomes unable to pay its debts.
Bill of exchange
A bill of exchange is a financial instrument widely used in fields of business transactions.

It is a written order made by a creditor to a debtor for paying a specified amount of money on demand at a future date.

Black Market
A black market deals in the process of illegal activities in the transactions of goods, services, and currencies.Black markets exist by violating all types of rationing and controls.
Blue Chip
A blue chip is a share of a company which is financially sound, and possesses a superior earning record. It also possesses expertise in management and has a better product than their competitors.
Bond Rating
A bond rating is a tool for measuring quality and safety of a bond. The bond agencies provide their opinion regarding future risks to the investors, while making long-term investments.

Brand name
A brand name is a name or symbol used by manufacturers for distinguishing their own products from similar products supplied by other producers. The brand name may be a word, letter, or groups of letters, etc. A brand name is used for differentiating products.

Broker
In financial markets, a broker is an agent for others. In highly organized markets, a broker acts as a medium between buyers and sellers. Brokers are found in various types of markets. For instance, in stock markets they are called stock brokers, in insurance markets, they are insurance brokers, and in commodity markets they are called commodity brokers.