What Is the British Bankers Association (BBA)? The British Bankers Association (BBA) is a trade association that represents the views of those involved in the banking and financial services industry within the U.K. The BBA includes 200 member banks with headquarters in over 50 countries and operations in 180 jurisdictions throughout the world. Eighty percent
What Is a Broad-Based Index? A broad-based index is designed to reflect the movement of a group of stocks or an entire market—also called a market index. One of the broad-based indexes with the fewest stocks is the Dow Jones Industrial Average (DJIA), which has just 30 stocks. One of the largest is the FT Wilshire
What is Broadcasters Liability Insurance Broadcasters liability insurance protects radio and television companies from claims of wrongdoing. This does not protect against defamation on the internet unless you’re publishing relevant articles. BREAKING DOWN Broadcasters Liability Insurance Broadcasters liability insurance protects individuals and businesses within the broadcasting industry from the high expenses attached to defending oneself
What Is a Broadening Formation? A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling. It usually occurs after a significant rise, or fall, in the action of security prices. It is identified on
What Is the Broad Evidence Rule? The broad evidence rule outlines the guidelines that insurers must go about in determining the value of lost, stolen, or damaged property. It does not specify any one method to value any one piece of property, only that the method which most accurately represents the true cash value of
What Is Broad Form Insurance? Broad form insurance coverage extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often a deductible, be paid. Broad form insurance can be applied to nearly all forms of insurance, including investments, assets
What is Broad Form Personal Theft Insurance? Broad form personal theft insurance covers the theft or loss of personal assets. It can be placed on all personal property, and is on an all-risk basis, meaning no matter whether the loss is from vandalism, theft or loss, the same coverage will apply. A limited form of broad
What Is a Broad Form Property Damage Endorsement? A broad form property damage endorsement was an addition to a commercial general liability (CGL) policy that eliminated the exclusion of property as part of the coverage provided by the insurer. A higher premium was usually required for this additional coverage. Key Takeaways A broad form property damage endorsement is
What Is Broad Form Storekeepers’ Insurance? Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery. This insurance is found under the burglary and robbery insurance policy. Key Takeaways Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery, found under
What Is the Broad Tape? The stream of financial and business news produced by Dow Jones & Co. is still known as the broad tape, although it now arrives in electronic form. The service was originally printed on a ticker tape that was five inches wide, differentiating it from the narrower format used for stock
