Buying Power Index – Explained

by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing

What is the Buying Power Index?The Buying Power Index is a tool used by retailers to assess the purchase power or buying power of a region over another. When retailers have the opportunity of selling their products in different locations, before selecting which...

Backhaul (Telecommunications) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Backhaul?In the telecommunication industry, backhaul refers to the part of a satellite network that serves as an intermediate between the main network and the small networks used for distribution to other smaller channels. The backhaul is the link between the...

Convention on the International Trade in Endangered Species (CITES) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Convention on the International Trade in Endangered Species (CITES)?The Convention on International Trade in Endangered Species (CITES), also known as the the Washington Convention, is defined as a multilateral pact or treaty focused on safeguarding the...

Rate Anticipation Swap – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Rate Anticipation Swap?Rate anticipation swap refers to a trading strategy where bonds are swapped based on varying maturity dates. In other words, the bonds are swapped according to their present period, and their movement rate prediction. It is mostly done...

Substitution Swap – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Substitution Swap?Substitution swap is the act of trading security with another security that has similar features and highly rated yields. In this case a money manager exchanges one bond for another that has similar terms of the coupon, credit quality, and...

Bulldog Bond – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Bulldog Bond?Bulldog bond is a name used to refer to the United Kingdom foreign security market. It is a type of bond issued in the United Kingdom by foreign banks or firms. The bond is issued when a foreign firm wants to raise capital from investors within...

Generalized System of Preferences – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Generalized System of Preferences?Generalized System of Preferences (GSP) is a trade preference program that permits duty-free or low-duty entry of products from developing countries and territories. GSP is also called generalized preferential tariff...

Booking Class – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is a Fair Basis Code, Booking Class, and Reference Number?A Booking class is an indicator of traveling class presented in a traveler’s fare code. A fare basis or fare code is an alphabetic letter or numbers (numeric codes) through which a fare type is...

Benefit Principle – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is the Benefit Principle?In taxation, the benefit principle is a principle based on the notion that those who benefit more from government expenditure or spending should pay more taxes that those that do not. This principle is one that outlines what government...

Benchmark Interest Rate – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the Benchmark Interest Rate?How Does a Reference Rate Work? What is the Benchmark Interest Rate?A benchmark reference rate is an interest rate that determines other interest rates. There are different interest rate benchmarks used for...