What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor the check...
What is 'Bailout Bond' A debt security issued by the Resolution Funding Corporation to bail out the savings and loan associations during...
What is 'Backpricing' A pricing method used in specific futures contracts whereby the price of the commodity to be delivered is priced...
What is 'Backorder' An order for a good or service that cannot be filled at the current time due to a lack...
DefinitionThe Baltic Dry Index, is issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter...
What is 'Bait Record' An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized...
What is 'Backward Integration'
Backward integration is a form of vertical integration that involves the purchase of, or merger with, suppliers up the supply chain....
What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...
What is a 'Back Stop' A back stop is the act of providing last-resort support or security in a securities offering for...
DefinitionA back office in most corporations is where tasks building layout of early companies where the front office would contain the sales and other...