What Is Burn Rate? The burn rate represents the speed at which an unprofitable company consumes its cash reserves. In the case of a startup company, it is the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations. Thus, it is a measure
What Is a Bursary Award? A bursary award is a type of financial payment provided to certain students or prospective students to assist with the costs associated with attending a college or university, primarily in the United Kingdom and Canada. A bursary award, or simply a bursary, is a sum of money given to students
What Is a Burst Basket? A burst basket refers to a transaction that executes the sale or purchase of a group of stocks, known as a basket. A basket is essentially an entire portfolio of stocks from different sectors. This portfolio of stocks is aggregated into a single trading unit, the basket. Baskets typically contain
What Is a Business? The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production (of goods or services). Businesses can be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause. Businesses
What is a Business Asset? A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property. Key Takeaways A business asset is a piece of
What Is a Business Auto Coverage Form? A business auto coverage form is a form that describes the key elements of a business auto policy (BAP). These policies are a common form of insurance used by companies who operate fleets of company-owned vehicles. The business auto coverage form lays out key information such as which
What Is a Business Automobile Policy (BAP)? A business automobile policy (BAP) provides coverage for a company’s use of cars, trucks, vans, and other vehicles in the course of carrying out its business. Coverage may include vehicles owned or leased by the company, hired by the company, or employee-owned vehicles used for business purposes. A
What Is Business Banking? Business banking is a company’s financial dealings with an institution that provides business loans, credit, savings accounts, and checking accounts, specifically designed for companies rather than for individuals. Business banking occurs when a bank, or division of a bank, only deals with businesses. A bank that deals mainly with individuals is
What is Business Bondage Business bondage refers to the state of feeling inexorably intertwined or even imprisoned by your business. Business bondage is frequently experienced by new entrepreneurs and small-business owners. Many factors can contribute to this feeling such as a lack of experience running a business by the owner; the financial stress of starting
What Is a Business Broker? A business broker is an individual or company that assists in the purchase and sale of small, main street businesses. These agents can take on a variety of tasks to help their clients achieve their acquisition and offloading objectives, and might specialize in companies belonging to certain industries or possessing
