What Was the Bretton Woods Agreement and System? The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire. Thus, the name “Bretton Woods Agreement. Under the Bretton Woods System, gold was the basis for the U.S. dollar
What Was Bre-X Minerals Ltd.? Bre-X Minerals Ltd., often referred to simply as Bre-X, was a Canadian gold mining company that infamously defrauded investors by falsifying gold samples and misstating its available gold reserves. From a peak valuation of over $6 billion Canadian dollars (CAD), Bre-X’s shares collapsed and the company soon filed for bankruptcy.
What Is a Bribe? A bribe is an illegal act involving the exchange of something of value, such as money, with the purpose of influencing the behavior of public officials. Key Takeaways A bribe occurs when one entity illegally offers money or something else of value to sway or influence some decision or process.Bribes are
What Is Brazil, Russia, India, and China (BRIC)? BRIC is an acronym for the developing nations of Brazil, Russia, India, and China. They are countries that some believe will be the dominant suppliers of manufactured goods, services, and raw materials by 2050. China and India will become the world’s dominant suppliers of manufactured goods and
What Is a BRIC ETF? A BRIC ETF is an exchange-traded fund (ETF) that invests in stocks and listed securities associated with the countries of Brazil, Russia, India, and China, otherwise known as the BRIC nations, usually through local stock exchanges or with American and global depositary receipts (GDRs). These funds are passively managed, meaning that the
What Is Brick-and-Mortar? The term “brick-and-mortar” refers to a traditional street-side business that offers products and services to its customers face-to-face in an office or store that the business owns or rents. The local grocery store and the corner bank are examples of brick-and-mortar companies. Brick-and-mortar businesses have found it difficult to compete with web-based
What is BRICS? BRICS is an acronym for Brazil, Russia, India, China, and South Africa. Goldman Sachs economist Jim O’Neill coined the term BRIC (without South Africa) in 2001, claiming that by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010. This thesis
What Is Bridge Financing? Bridge financing, often in the form of a bridge loan, is an interim financing option used by companies and other entities to solidify their short-term position until a long-term financing option can be arranged. Bridge financing normally comes from an investment bank or venture capital firm in the form of a
What Is Bridge Insurance? The term bridge insurance refers to a form of insurance that covers damage and destruction to a bridge in the event of a fire, flood, explosion, or another natural event. These policies generally don’t cover damage due to war, built-in defects, or natural wear and tear. Bridge insurance policies are taken
What Is a Bridge Loan? A bridge loan is a short-term loan used until a person or company secures permanent financing or pays an existing obligation. It allows the borrower to meet current obligations by providing immediate cash flow. Bridge loans have relatively high interest rates and are usually backed by some form of collateral
