What Are Blue Sky Laws? Blue sky laws are state regulations established as safeguards for investors against securities fraud. The laws, which may vary by state, typically require sellers of new issues to register their offerings and provide financial details of the deal and the entities involved. As a result, investors have a wealth of verifiable information on
What Is a Bond Market Association (BMA) Swap? A Bond Market Association (BMA) swap is a type of swap arrangement in which two parties agree to exchange interest rates on debt obligations, where the floating rate is based on the U.S. SIFMA Municipal Swap Index. One of the parties involved will swap a fixed interest
What Is a Board Broker? A board broker is a member of a commodity or options exchange who is responsible for matching and executing orders as well as providing various market-making services. Board brokers occupy a similar role as the specialists employed by stock exchanges such as the New York Stock Exchange (NYSE). How Board
What Is a Board Broker System? The term board broker system refers to a method for managing the liquidity and orderly execution of orders on a commodity exchange or an options exchange. The board broker system consists of assigning specific commodities or options to members of the exchange. Those members are then responsible for acting as
What Does Board Certified In Estate Planning Mean? Board Certified in Estate Planning (BCE) was a professional certification offered by the Institute of Business & Finance (IBF). Understanding Board Certified In Estate Planning (BCE) Board Certified in Estate Planning (BCE) was a certification offered by the IBF. It is now offered as a certification known
What Is a Board Lot? A board lot is a standardized number of shares defined by a stock exchange as a trading unit. In most cases, this means 100 shares. A board lot is what the exchange determines to be a round lot. The purpose of a board lot is to minimize trading “odd lots”
What Is Board of Directors (B of D)? A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. The board typically meets at regular intervals. Every public company must have a board of directors. Some private
What Is a Board of Governors? The term board of governors refers to a group of people that oversees or manages the running of an institution. The U.S. Postal Service, the BBC, the World Bank, numerous colleges and universities, as well as professional organizations (such as the CFA Institute), and regulatory bodies (such as the
What Is Blanket Additional Insured Endorsement? A blanket additional insured endorsement is an insurance policy endorsement that automatically provides coverage to any party to which the named insured is contractually required to provide coverage. A blanket additional insured endorsement is most commonly found in liability insurance policies, though it is typically not a feature of the
What Is Blanket Appropriation? A blanket appropriation authorizes expenditures on a blanket basis without the individual using the funds having to specify individual projects the funds are being allocated towards. Blanket appropriation is often used in connection with government-level finances. Managers that have blanket appropriation are afforded discretion over how to use the funds. Key Takeaways A blanket appropriation
