Bank Transaction
Various financial activities conducted by a bank, including deposits, withdrawals, transfers, and payments.
Bank's Profit Margin
The earnings of a financial institution derived from conducting foreign exchange transactions and currency conversion services.
Bank's Reference Rate
A rate utilized by a bank as a benchmark for currency exchange, serving as a reference point for customer transactions.
Base Erosion and Profit Shifting (BEPS)
Strategies used by multinational corporations to reduce tax liability by shifting profits to low-tax jurisdictions.
Benchmarking Study
A comparison of a company's transfer prices to those of independent, comparable companies to ensure compliance.
Bid-Ask Spread
The gap between the highest price (bid) that a buyer is willing to pay and the lowest price (ask) at which a seller is willing to sell a financial instrument, including currencies in the foreign exchange market.
Broker-Dealer Rate
The rate used by financial intermediaries for currency trades, playing a vital role in facilitating currency exchange in financial markets.
Balance Forward
Carrying forward an account balance from one accounting period to the next.
Balance Sheet
A statement (financial) showcasing a corporation's assets, liabilities, equity, and more at a specific time.
Bank Reconciliation
The methodology of comparing a company's bank statement with its own accounting records to ensure they match.
Basic Allowance for Subsistence
A military allowance to cover the cost of food for service members.
Basis of Accounting
The specific method and time frame used to record financial transactions.
Benchmark Hedge Ratio
The target ratio used in hedging strategies to manage risk.
Blind Entry
An accounting entry made without detailed information, often used temporarily until more data is available.
Book Value
The value of an asset as recorded on a company's balance sheet, calculated as cost minus accumulated depreciation.
Bookkeeping
The process of recording and systematically organizing financial transactions.
Bookkeeping Cycle
The recurring steps in the bookkeeping process including recording, classifying, and summarizing financial transactions.
Break Even Point Formula
A calculation that determines when total revenue equals total expenses, resulting in neither profit nor loss.
Burn Rate
The rate at which an enterprise is spending its cash reserves.
Business Owners Policy
A type of insurance policy that combines multiple coverages for small businesses.
Capital Gains
Profits from selling assets like stocks or real estate, subject to capital gains tax.
