What Is a Blocked Account? A blocked account generally refers to a financial account that has some limitations or restrictions placed upon it, temporarily or permanently. Accounts may be blocked or limited for a variety of reasons, including internal bank policies, external regulations, or via a court order or legal decision. An account that has
What Is a Blocked Currency? The term blocked currency refers to a currency that can’t be converted freely on the foreign exchange or forex (FX) market because of exchange controls. A blocked currency is effectively a non-convertible or inconvertible currency. The currency is generally blocked because of government restrictions, including foreign exchange regulations, physical barriers
What Is a Blocked Period? A blocked period refers to the length of time in which an investor’s securities are prevented from being accessed. A blocked period may be put in place if an investor has used a security as collateral, as it prevents the investor from using the same security as collateral or from
What Is a Block Grant? A block grant is an annual sum of money that is awarded by the federal government to a state or local government body to help fund a specific project or program. These became official in the U.S. beginning in 1966. This form of federal assistance is often associated with supporting
What Is a Cryptocurrency Block Header? A block header is used to identify a particular block on an entire blockchain and is hashed repeatedly to create proof of work for mining rewards. A blockchain consists of a series of various blocks that are used to store information related to transactions that occur on a blockchain
What Is a Blockholder? A blockholder is the owner of a large block of a company’s shares and/or bonds. In terms of shareholding, these owners are often able to influence the company with the voting rights awarded with their holdings. Key Takeaways A blockholder refers to an individual or organization which owns a substantial amount of a company’s shares
What Is a Biweekly Mortgage? A biweekly mortgage is a mortgage product that allows the borrower to make payments every two weeks rather than once a month. A biweekly mortgage means that the borrower is paying every two weeks, or 26 half payments. The result is effectively 13 full payments over a 12-month period, accelerating
What Is the Bjerksund-Stensland Model? The Bjerksund-Stensland model is a closed-form option pricing model used to calculate the price of an American option. The Bjerksund-Stensland model competes with the Black-Scholes model, though the Black-Scholes model is specifically designed to price European options. Key Takeaways The Bjerksund-Stensland model is a closed-form option pricing model used to
What Is in the Black? The expression “in the black” is used to refer to a company’s profitability and current financial health. A company is said to be in the black if it is profitable or, more specifically, if the company produces positive earnings after accounting for all expenses. The term has roots in accounting history
What Is Blackboard Trading? Blackboard trading refers to an outdated practice where exchange trading relied upon handwritten bid and offer prices on blackboards. Key Takeaways Blackboard trading is an old-school way of presenting bid and ask prices, written on a blackboard.The technology of the telegraph slowly replaced the use of blackboards.Today’s quotes are priced electronically
