WHAT IS Bagging the Street? Bagging the street is a term that refers to an investing strategy that chases profit immediately prior to the execution of large-volume trades. Key Takeaways Bagging the street is a strategy an investor may choose to employ when they see a large block trade take place. Some in the industry see this
What Is a Bail Bond? A bail bond is an agreement by a criminal defendant to appear for trial or pay a sum of money set by the court. The bail bond is co-signed by a bail bondsman, who charges the defendant a fee in return for guaranteeing the payment. The bail bond is a
What is Bailee’s Customer Insurance? Bailee’s customer insurance protects businesses against damage, destruction, or loss of customer property while it is in their possession. A bailee may be any person or business who has been given temporary custody of someone else’s property. A dry cleaner, a repair shop, or a parking garage may be a
What Is a Bail-In? A bail-in provides relief to a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors. A bail-in is the opposite of a bailout, which involves the rescue of a financial institution by external parties, typically governments, using taxpayers’ money for funding. Bailouts help to
What Is a Bailor? A bailor is an individual who temporarily relinquishes possession but not ownership of a good or other property under a bailment agreement. The bailor entrusts possession of the good(s) or property to another individual, known as the bailee. A bailment is a contractual agreement between the bailor and the bailee that
What Is Bait and Switch? Bait and switch is a morally suspect sales tactic that lures customers in with specific claims about the quality or low prices on items that turn out to be unavailable in order to upsell them on a similar, pricier item. It is considered a form of retail sales fraud, though
What Is a Balanced Budget? A balanced budget is a situation in financial planning or the budgeting process where total expected revenues are equal to total planned spending. This term is most frequently applied to public sector (government) budgeting. A budget can also be considered balanced in hindsight after a full year’s worth of revenues
What Is a Balanced Fund? A balanced fund is a mutual fund that typically contains a component of stocks and bonds. A mutual fund is a basket of securities in which investors can purchase. Typically, balanced funds stick to a fixed asset allocation of stocks and bonds, such as 70% stocks and 30% bonds. Bonds
What Is Backdated Liability Insurance Backdated liability insurance provides coverage for a claim that occurred before the insurance policy was purchased. Backdated liability insurance is not an insurance product frequently offered by insurers since the insurer cannot be certain how much the loss will amount to. Key Takeaways Backdated liability insurance is insurance that provides coverage
What Is Backdating? Backdating is the practice of marking a document, whether a check, contract, or another legally binding document, with a date that is prior to what it should be. Backdating is usually disallowed and can even be illegal or fraudulent based on the situation. Sometimes though, backdating can be acceptable; however, the parties
