What Is a Bankruptcy Trustee? A bankruptcy trustee is a person appointed by the United States Trustee, an officer of the Department of Justice, to represent a debtor’s estate in a bankruptcy proceeding. Bankruptcy trustees evaluate and make recommendations about various debtor demands in accordance with the U.S. Bankruptcy Code. However, a bankruptcy judge has
What Is the Bank for Cooperatives? The Bank for Cooperatives was a government-sponsored bank with a mandate to provide subsidized credit to the American agricultural sector. The Bank for Cooperatives was originally established through the Farm Credit Act of 1933. In 1989, 11 of the 13 Banks for Cooperatives merged to form CoBank. CoBank began operations
What Is a Bank Statement? A bank statement is a document (also known as an account statement) that is typically sent by the bank to the account holder every month, summarizing all the transactions of an account during the month. Bank statements contain bank account information, such as account numbers and a detailed list of
What Is Banner Advertising? Banner advertising refers to the use of a rectangular graphic display that stretches across the top, bottom, or sides of a website or online media property. The horizontal type of banner advertisement is called a leaderboard, while the vertical banners are called a skyscraper and are positioned on a web page’s sidebars.
What Is the BanxQuote Money Markets Index? The BanxQuote Money Markets Index was an index of money market funds, compiled by the financial information firm BanxQuote. BanxQuote exited the market in 2015, and the BanxQuote Money Markets Index is no longer published. Key Takeaways The BanxQuote Money Markets Index was a popular index of money
What Is a Barbell? The barbell is an investment strategy applicable primarily to a fixed income portfolio. Following a barbell method, half the portfolio contains long-term bonds and the other half holds short-term bonds. The “barbell” gets its name because the investment strategy looks like a barbell with bonds heavily weighted at both ends of
What Is the Barcelona Stock Exchange? The Barcelona Stock Exchange (BCN) is one of Spain’s four major stock exchanges. The Barcelona Stock Exchange is located in the Eixample District, on Passeig de Gràcia. The other official stock exchanges of Spain are Bilbao Stock Exchange (Bolsa de Bilbao), the Madrid Stock Exchange (Bolsa de Madrid), and the Valencia Stock
What Is a Bare Trust? A bare trust is a basic trust in which the beneficiary has the absolute right to the capital and assets within the trust, as well as the income generated from these assets. Trust assets are held in the name of a trustee, who has the responsibility of managing the trust
What Is Bare Walls Coverage? Bare walls coverage is an insurance policy that applies to communally used features in multi-family residential buildings. Bare walls coverage is generally found in master policies for condominium associations. Key Takeaways Bare walls coverage is an insurance policy that applies to communally used features in multi-family residential buildings.Bare walls coverage is used when the
What Is a Bargain Purchase? A bargain purchase involves assets acquired for less than fair market value. In a bargain purchase business combination, a corporate entity is acquired by another for an amount that is less than the fair market value of its net assets. Current accounting rules for business combinations require the acquirer to
