Bank Automated Clearing System – Explained

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

Update Table of Contents What is the Bank Automated Clearing System?How Does the Bank Automated Clearing System Work?Recent DevelopmentsProducts and servicesCurrent Account Switch ServiceOther managed services  What is the Bank Automated Clearing System?Bacs Payment...

Bell Curve – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is a Bell Curve?A bell curve is referred to as a normal distribution because it is the most common type of distribution for a variable. The term bell curve’ is derived from the graph depicting a normal distribution because it consists of a bell-shaped line....

Bass Diffusion Model – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is the Bass Diffusion Model?The Bass diffusion model, or merely the Bass model, is a differential equation used to describe the process involved in the adoption of new products into the population.How is the Bass Diffusion Model Used? This model is used to...

Buy Stop Order – Explained

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

What is a Buy Stop Order?A buy stop order directs a broker to buy a security immediately when the strike price is higher than its current spot price. When the price reaches that point, the buy stop order turns to a market order, and can be employed at the bid price....

Comfort Letter – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is a Comfort Letter?A comfort letter is a written document that provides a level of assurance that an obligation will ultimately be met. In its traditional context, a comfort letter is given to organizations or persons of interest by external auditors regarding...

Bretton Woods System – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Bretton Woods System?Bretton Woods System, developed in 1944 during the UN Monetary and Financial Conference, pins the value of currencies on the price of Gold with the US dollar acting as a reserve currency which compares to the price of gold. What is...

Brent Crude – Explained

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

What is Brent Crude?Brent Crude refers to sweet light crude oil whose value is used as a benchmark for the price of oil worldwide. This oil has relatively low density and has low sulphur content thus the description sweet light. It is extracted from the North Sea with...

Bank Reconciliation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is a Reconciliation? Reconciliation is an accounting process that ensures two related sets of records are in agreement. This method is used for confirming that the total money leaving the account matches the money actually spent. It makes sure these two records...

Buy-Side (Market Trading) – Explained

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

What is Buy Side Trading? Buy-side is the face of the Wall Street constructed by institutional investors like mutual funds, pension funds in addition to insurance firms that tenders in purchasing a high volume of securities for purposes of financial management....

Buying on Margin – Explained

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

What is Buying On Margin?Buying on margin involves purchasing an asset using leverage and getting a broker or bank to fund the balance. It refers to the down payment that an investor makes to a broker for the asset purchased i.e. 90% financed and 10% down payment. Two...