What Is a Bounced Check? A bounced check is slang for a check that cannot be processed because the account holder has nonsufficient funds (NSF) available for use. Banks return, or “bounce”, these checks, also known as rubber checks, rather than honoring them, and banks charge the check writers NSF fees. Passing bad checks can
What Is a Bounty? A bounty is a sum paid by a government or business entity to reward certain activities or behavior to reach an economic goal or solve a problem. Key Takeaways In the world of cryptocurrency, bounty programs are used by coin developers to incentivize actions before the initial coin offering (ICO).Bug bounty
What Are Bounty Programs? Bounty programs are incentives offered to an array of participants for various activities associated with an initial coin offering (ICO). An initial coin offering (ICO) is the cryptocurrency industry’s version of an initial public offering (IPO). A company looking to raise money to create a new coin, application, or virtual currency service
What Is a Bourse? The term bourse refers to the French word for the stock exchange. A bourse was traditionally organized as a place to buy and sell securities, commodities, options, and other investments. The word is commonly used in Europe where it is used to describe the Paris Stock Exchange and other Euronext exchanges
What Is a Boutique? A boutique is a small financial firm that provides specialized services for a particular segment of the market. Boutique firms are most common in the investment management or investment banking industries. These boutique firms may specialize by industry, client asset size, banking transaction type, or other factors to address a market
What Is a Bowie Bond A Bowie bond was a unique type of asset-backed security which used as collateral the royalty streams from current (at the time) and future album sales and live performances by musician David Bowie. Bowie bonds are also sometimes known as “Pullman bonds” after David Pullman, the banker who created and
What Is the Boston Options Exchange (BOX)? The term Boston Options Exchange (BOX) refers to a derivatives exchange owned and operated by the TMX Group. The exchange is automated and is located in Boston. Established in 2002, trading on the BOX commenced in February 2004. The exchange started as a joint effort by the Montreal
What Is the Brace Gatarek Musiela (BGM) Model? The Brace Gatarek Musiela Model (BGM) is a nonlinear financial model that uses the London Interbank Offered Rate (LIBOR) to price interest rate derivatives. The Brace Gatarek Musiela (BGM) model prices securities by examining market-quoted rates. It is used most frequently when pricing swaptions and caplets (a call
What Is Bracket Creep? Bracket creep is a situation where inflation pushes income into higher tax brackets. The result is an increase in income taxes but no increase in real purchasing power. This is a problem during periods of high inflation, as income tax codes typically take longer to change than the rate of inflation.
What Are Brady Bonds? Brady bonds are sovereign debt securities, denominated in U.S. dollars (USD), issued by developing countries and backed by U.S. Treasury bonds. Throughout most of the 20th century, governments of emerging markets countries issued bonds only sporadically and on a limited basis, often due to currency and economic instability. In the late
