What Was Barings Bank? Barings Banks was a British merchant bank that collapsed in 1995 after one of its traders, 28-year-old Nick Leeson operating in its Singapore office, lost $1.3 billion in unauthorized trades. Barings was one of England’s oldest merchant banks and at one point, even Queen Elizabeth II had an account with it.
What Is a Barometer Stock? A barometer stock—also called a bellwether stock—is a security whose performance is considered to be an indicator of the performance of its particular sector or industry, or the market as a whole. Key Takeaways A barometer stock is used as a proxy for the performance of a sector, industry, or
What Is Barratry? Barratry is a legal term describing an illegal act whereby an attorney instigates a dispute or otherwise encourages the filing of an otherwise frivolous lawsuit, in order to profit from legal fees. Barratry typically involves the filing of a groundless claim in order to receive payment from clients. It is an illegal
What Is a Barrier Option? A barrier option is a type of derivative where the payoff depends on whether or not the underlying asset has reached or exceeded a predetermined price. A barrier option can be a knock-out, meaning it expires worthless if the underlying exceeds a certain price, limiting profits for the holder and limiting losses for
What Are Barriers to Entry? Barriers to entry is an economics and business term describing factors that can prevent or impede newcomers into a market or industry sector, and so limit competition. These can include high start-up costs, regulatory hurdles, or other obstacles that prevent new competitors from easily entering a business sector. Barriers to
What is Barron’s Confidence Index? Barron’s Confidence Index measures investor confidence by comparing the respective average yields of high-quality bonds to lower quality bonds. Key Takeaways Barron’s Confidence Index measures investor confidence by comparing the respective average yields of high-quality bonds to lower quality bonds.Barron’s Confidence Index is rooted in the notion that bond traders
Barry Diller is a renowned media executive who oversaw the development of film and television content at ABC, Paramount, the Fox Broadcasting Company, and QVC. Diller is the founder of InterActiveCorp, IAC, a media and internet holding company where he serves as chairman and senior executive. Ksy Takeaways Barry Diller oversaw the launches of television
What Is Barter? Barter is an act of trading goods or services between two or more parties without the use of money —or a monetary medium, such as a credit card. In essence, bartering involves the provision of one good or service by one party in return for another good or service from another party. A simple example
What Is Basecoin? Basecoin was a cryptocurrency launched in 2018 whose protocol was designed to keep its price stable. At launch, its value was pegged to the U.S. dollar. Basecoin was designed to help investors have a store of value that wasn’t plagued by the wild fluctuations in price that most cryptocurrencies, such as Bitcoin, experience. After
What is Base Currency? In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency – is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes
