What Is Basket Retention? In the insurance industry, the term “basket retention” refers to an insurance policy that covers several types of risk at once. Oftentimes, these insurance policies are less expensive compared to purchasing individual insurance policies for each of the risks insured under the policy. Key Takeaways A basket retention insurance policy is
What Is a Batch Clause? Batch Clause is a policy provision of product liability insurance that limits coverage to claims stemming from defective products from a specific production cycle. A batch clause thus only covers items produced during a specific production run over a specific time period, referred to as a “batch”. Understanding Batch Clause
What Is Batch Credit Card Processing? Batch credit card processing is the practice of a merchant processing all of its authorized credit card transactions for the day after the close of the business day, or at a time determined by the credit card processor. Credit card batch processing is the merchant’s second step toward getting paid
What Are Batch-Level Activities? Batch-level activities are work actions that are classified within an activity-based costing accounting system, often used by production companies. Batch-level activities are related to costs that are incurred whenever a batch of a certain product is produced. However, these costs are accounted for regardless of the related production run’s size. Examples
What Is Batting Average? The term batting average refers to a statistical technique used to measure an investment manager’s ability to meet or beat an index. The higher the batting average, the better. The highest number possible average would be 100% while the lowest is 0%. The term comes from baseball where players are ranked
What Are BATX Stocks? BATX is an acronym for four very popular Chinese technology stocks: Baidu, Alibaba, Tencent, and Xiaomi. The term came into existence much like that of the FAANG stocks acronym—the acronym for five of the top U.S. technology stocks: Meta (formerly Facebook), Apple, Amazon, Netflix, and Alphabet’s Google. BATX was coined around the time when the
What Is a Bargain Purchase Option? A bargain purchase option is a clause in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease period at a price substantially below its fair market value. Key Takeaways A bargain purchase option in a lease allows the lessee to
What Is a Bar Graph? A bar graph is a graphical representation of information. It uses bars that extend to different heights to depict value. Bar graphs can be created with vertical bars, horizontal bars, grouped bars (multiple bars that compare values in a category), or stacked bars (bars containing multiple types of information). Bar
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
