Backpricing
What is 'Backpricing' A pricing method used in specific futures contracts whereby the price of the commodity to be delivered is priced...
Baltic Dry Index
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...
Bait Record
What is 'Bait Record' An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized...
Backward Integration
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....
Back Order
What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...
Back Office
DefinitionA back office in most corporations is where tasks building layout of early companies where the front office would contain the sales and other...
Backup Line
What is 'Backup Line' A line of credit used by a bank to cover any issue of commercial paper for which financing...
Back-to-Back Loan
DefinitionA Back-to-back loan is a loan agreement between entities in two countries in which the currencies remain separate but the maturity dates remain fixed....