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
What Is a Blanket Honesty Bond? A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees. That makes it a type of employee dishonesty bond. Blanket honesty bonds are also known as commercial blanket bonds. Key Takeaways A blanket honesty bond is a fidelity bond that
What Is a Blanket Lien? A blanket lien is a lien that gives the right to seize, in the event of nonpayment, all types of assets serving as collateral owned by a debtor. A blanket lien, theoretically, gives a creditor a legal interest in all of the debtor’s assets serving as collateral. Blanket liens provide
What Is Bleeding Edge? Bleeding edge refers to a product or service, usually involving technology, that is available to consumers but is so new and experimental that it has not been fully tested and, consequently, may be unreliable. Early adopters could experience design flaws and bugs that have not been observed by the developers. It
What Is a Blended Rate? A blended rate is an interest rate charged on a loan that represents the combination of a previous rate and a new rate. Blended rates are usually offered through the refinancing of existing loans that are charged a rate of interest that is higher than the old loan’s rate, but
What Is a Blind Bid? The term blind bid refers to an offer made by investors to purchase a basket of securities without knowing which securities are included or their cost. Blind bids are commonly executed by institutional investors and portfolio managers. These types of bids are commonly used by financial professionals if and when
What Is Blind Brokering? Blind brokering is the case when brokerage firms ensure anonymity to both the buyer and the seller in a transaction. In the ordinary course of securities trading, most brokerage transactions are “blind.” Blind brokering helps prevent unfair advantages among traders or implicit disclosures of trading positions and strategies. Exceptions may occur
What Is a Blind Taxpayer? A blind taxpayer is any individual in the U.S. whose lack of vision qualifies them for a special tax deduction accorded to blind persons. Blind taxpayers get the same standard deductions as taxpayers over age 65. For 2020, $1,650 is the additional amount of the blind taxpayer deduction for individuals filing as
What Is a Blind Trust? A blind trust is a trust established by the owner (or trustor) giving another party (the trustee) full control of the trust. The trustee has full discretion over the assets and investments while being charged with managing the assets and any income generated in the trust. The trustor can terminate the
What Is a Blockbuster Drug? A blockbuster drug is an extremely popular drug that generates annual sales of at least $1 billion for the company that sells it. Examples of blockbuster drugs include Vioxx, Lipitor, and Zoloft. Blockbuster drugs are commonly used to treat common medical problems like high cholesterol, diabetes, high blood pressure, asthma, and
