Blocked Overseas cash Definition

Blocked Overseas cash Definition

What Is a Blocked Currency? The term blocked currency refers to a currency that can’t be converted freely on the foreign exchange or forex (FX) market because of exchange controls. A blocked currency is effectively a non-convertible or inconvertible currency. The currency is generally blocked because of government restrictions, including foreign exchange regulations, physical barriers

Block Grant Definition

Block Grant Definition

What Is a Block Grant? A block grant is an annual sum of money that is awarded by the federal government to a state or local government body to help fund a specific project or program. These became official in the U.S. beginning in 1966. This form of federal assistance is often associated with supporting

Blockholder

Blockholder

What Is a Blockholder? A blockholder is the owner of a large block of a company’s shares and/or bonds. In terms of shareholding, these owners are often able to influence the company with the voting rights awarded with their holdings. Key Takeaways A blockholder refers to an individual or organization which owns a substantial amount of a company’s shares

Bjerksund-Stensland Taste Definition

Bjerksund-Stensland Taste Definition

What Is the Bjerksund-Stensland Model? The Bjerksund-Stensland model is a closed-form option pricing model used to calculate the price of an American option. The Bjerksund-Stensland model competes with the Black-Scholes model, though the Black-Scholes model is specifically designed to price European options. Key Takeaways The Bjerksund-Stensland model is a closed-form option pricing model used to

What Is a Black Box Sort? Definition, Uses, and Examples

What Is a Black Box Sort? Definition, Uses, and Examples

What Is a Black Box Model? In science, computing, and engineering, a black box is a device, system, or object which produces useful information without revealing any information about its internal workings. The explanations for its conclusions remain opaque or “black.” Financial analysts, hedge fund managers, and investors may use software that is based on