Tag: terms
Backflush Costing
What is 'Backflush Costing' Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the...
Backwardation
DefinitionNormal backwardation, also sometimes called backwardation, is the market condition wherein the price of a commodities' forward or futures contract is trading below the...
Balance Of Trade (BOT)
What is 'Balance Of Trade - BOT' The balance of trade (BOT) is the difference between a country's imports and its exports...
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...
Standard Deviation
In mathematics, standard deviation is the degree of the dispersion from a set of data’s mean. The SD is higher when the data is...
Back Month Contract
What is 'Back Month Contract' A type of futures contract that expires in any month past the front month futures contract. The...
Balance Of Payments (BOP)
What is the Balance of Payments (BOP)?
The balance of payments (BOP) is an accounting record of all monetary transactions between a country and the...
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...
Contango
DefinitionContango is a situation where the futures price of a commodity is higher than the anticipated spot price at maturity of the futures contract....
Call Provision
What is a 'Call Provision' A call provision is a provision on a bond or other fixed-income instrument that allows the original...