Archives: Terms

Definition of Brokerage Brokerage refers to the business, process, or establishment that acts as a mediator between buyers and sellers in various types of transactions, particularly in financial markets. This service typically involves the facilitation of trades of securities, real estate, or other financial instruments, for which the brokerage charges […]

Definition of Broker A broker is an individual or firm that acts as an intermediary between buyers and sellers. Brokers facilitate transactions for clients in various markets, including real estate, finance (stocks, bonds, and other securities), insurance, and commodities. They do not typically own the assets they are trading but […]

Definition of the Breusch-Pagan Test The Breusch-Pagan test is a statistical test that assesses the heteroscedasticity in a regression model. Heteroscedasticity exists when the variability of a variable is unequal across the range of values of a second variable that predicts it. This test is crucial in regression analysis as […]

Definition of Bretton Woods The Bretton Woods system refers to an international monetary framework established in July 1944 at the United Nations Monetary and Financial Conference, held in Bretton Woods, New Hampshire, USA. This system established rules for commercial and financial relations among the world’s major industrial states. The main […]

Definition of Break-Up Value Break-up value refers to the total worth of a company if all its individual assets were sold separately rather than as a single, ongoing entity. This concept is often considered in scenarios where a company’s market value (the total value if sold as a going concern) […]

Definition of the Brandt Report The Brandt Report, officially titled “North-South: A Programme for Survival,” is a groundbreaking publication from 1980 that discusses global issues relating to poverty, development, and economic disparity. The report was the outcome of an independent commission led by Willy Brandt, a Nobel Peace Prize laureate […]

Definition of Brand A brand refers to a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers. The concept of branding extends beyond mere visual identifiers to encompass the entire customer experience, including the perceptions, feelings, and […]

Definition of Branch Banking Branch banking refers to a banking model where a bank operates multiple outlets, known as branches, away from its principal or head office. These branches provide a variety of financial services to customers, including deposit and withdrawal transactions, loans, mortgages, and investment products. The key idea […]

Definition of the Brady Plan The Brady Plan refers to an initiative enacted in 1989 to address the ongoing debt crisis that had gripped developing countries since the early 1980s. Named after Nicholas Brady, the U.S. Treasury Secretary at the time, the plan aimed to restructure the debts of developing […]

Definition of BP Curve The BP (Balance of Payments) curve represents a graphical depiction in economics that shows the relationship between the exchange rate of a country and its real income or output, keeping the balance of payments constant. The curve is used to analyze the equilibrium in a country’s […]