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What is 'Backup Line' A line of credit used by a bank to cover any issue of commercial paper for which financing...

What is 'Backorder' An order for a good or service that cannot be filled at the current time due to a lack...

What is 'Backpricing' A pricing method used in specific futures contracts whereby the price of the commodity to be delivered is priced...

What is 'Back Months' The available futures contracts for a particular commodity that possess expirations or delivery dates furthest into the future....

DefinitionA callable bond is a type of bond that allows the issuer of the bond to retain the privilege of redeeming the bond at...

What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...

What is 'Caisse Populaire' A cooperative, member-owned financial institution that fulfills traditional banking roles as well as diverse activities such as lending,...

DefinitionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It...

By definition, credit cards are released by financial companies that allow the customer or holder with the choice of borrowing funds, at the point...

DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...