What Is “Buck the Trend”? “Buck the trend” is a colloquialism that refers to when a security’s price moves in the opposite direction to the broad market. Key Takeaways Buck the trend is a colloquialism that refers to when a security’s price moves in the opposite direction to the broad market.In technical analysis, bucking the
What Is a Budget? The term budget refers to an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for any entity that wants to spend money, including governments and businesses, along with people and households at any income
What Is Budgetary Slack? Budgetary slack is a cushion created in a budget by management to increase the chances of the actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate in the budget of the amount of income or revenue that will come in over a given amount of
What Is a Budget Committee? A budget committee is a group of people within an organization that creates and maintains fiscal responsibility for that entity. In a company, this committee usually consists of top management along with the chief financial officer (CFO). Budget committees typically review and approve departmental budgets that are submitted by the
What Is a Budget Deficit? A budget deficit occurs when expenses exceed revenue and can indicate the financial health of a country. The term is commonly used to refer to government spending rather than businesses or individuals. Budget deficits affect the national debt, the sum of annual budget deficits, and the cumulative total a country owes to
What Is a Budget Variance? A budget variance is a periodic measure used by governments, corporations, or individuals to quantify the difference between budgeted and actual figures for a particular accounting category. A favorable budget variance refers to positive variances or gains; an unfavorable budget variance describes negative variance, indicating losses or shortfalls. Budget variances
What Is a Buffer Layer? The term buffer layer refers to insurance coverage that fills the gap between a primary insurance policy and excess protection. Buffer layers are used by insured parties to mitigate the costs associated with insurance payouts for large, complicated risks. Buffer layers are commonly used as liability coverage but can also
What Is the Buffett Rule? The “Buffett Rule” was part of the tax plan proposed by President Barack Obama in 2011. It was a fair share tax and got its name from billionaire investor Warren Buffett who famously stated that it was wrong that he pays a lower tax rate than his secretary. Key Takeaways
What Is Brinkmanship? Brinkmanship is a negotiating technique where one party aggressively pursues a set of terms so that the other party must either agree or disengage. Brinkmanship (or “brinkpersonship,” or less commonly, “brinksmanship”) is so named because one party pushes the other to the “brink” or edge of what that party is willing to
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
