The term billionaire refers to an individual with assets or a net worth of at least one billion currency units in their native currency such as dollars, euros, or pounds. Billionaires are extremely rich, with assets ranging from cash and cash equivalents to real estate, as well as business and personal property. These individuals are
What Is a Bill of Lading? A bill of lading (BL or BoL) is a legal document issued by a carrier (transportation company) to a shipper that details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at
What Is a Bill of Materials (BOM)? A bill of materials (BOM) is an extensive list of raw materials, components, and instructions required to construct, manufacture, or repair a product or service. A bill of materials usually appears in a hierarchical format, with the highest level displaying the finished product and the bottom level showing individual
What Is the Bimetallic Standard? A bimetallic standard, or bimetallism, is a monetary system in which a government recognizes coins composed of both gold or silver as legal tender. The bimetallic standard backs a unit of currency to a fixed ratio of gold and/or silver. The mint ratio, or gold/silver ratio, is the price of an
What Is a Bimonthly Mortgage? A bimonthly mortgage payment is a mortgage plan in which half of the scheduled monthly payment is made twice a month. This plan is not to be confused with a biweekly plan, where half of the scheduled monthly payment is made every two weeks. Sometimes spelled as “bi-monthly” mortgage payments
What Is Binance Coin (BNB)? Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of Q2 2022, Binance Exchange is the largest cryptocurrency exchange in the world, with a volume of $7.6 billion. Key Takeaways Binance Coin is the cryptocurrency issued by the Binance exchange and trades with
What Is the Binance Exchange? The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
What Is a Binomial Tree? A binomial tree is a graphical representation of possible intrinsic values that an option may take at different nodes or time periods. The value of the option depends on the underlying stock or bond, and the value of the option at any node depends on the probability that the price
What Is Binomial Distribution? Binomial distribution is a probability distribution used in statistics that summarizes the likelihood that a value will take one of two independent values under a given set of parameters or assumptions. The underlying assumptions of binomial distribution are that there is only one outcome for each trial, that each trial has
What Is the Binomial Option Pricing Model? The binomial option pricing model is an options valuation method developed in 1979. The binomial option pricing model uses an iterative procedure, allowing for the specification of nodes, or points in time, during the time span between the valuation date and the option’s expiration date. Key Takeaways The
