Tag: policy
Backup Line
What is 'Backup Line' A line of credit used by a bank to cover any issue of commercial paper for which financing...
Bailout
What is a 'Bailout' A bailout is a situation in which a business, an individual or a government offers money to a...
Back-Of-The-Envelope Calculation
What is 'Back-Of-The-Envelope Calculation' An informal mathematical computation, often performed on a scrap of paper such as an envelope. A back-of-the-envelope calculation...
Bag Man
What is 'Bag Man' Any person in charge of organizing, collecting and transporting money, generally in connection with illegal or illicit activities....
Basis Point
DefinitionA basis point is one hundredth of a percent or equivalently one ten thousandth. The related concept of a permyriad is literally one part...
Cancellation Provision Clause
What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...
Call Price
What is a 'Call Price' A call price is the price at which a bond or a preferred stock can be redeemed...
Call Date
DefinitionA callable bond is a type of bond that allows the issuer of the bond to retain the privilege of redeeming the bond at...
Lapse
What is a 'Lapse' A lapse is the cessation of a privilege, right or policy due to time or inaction, so a...
Back-to-Back Commitment
What is 'Back-to-Back Commitment' A commitment to make a second take-out loan that piggybacks another loan. With a back-to-back commitment, once the...