Business and Personal Finance Dictionary

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• BILLS PURCHASED - in trade finance, allows a seller to obtain financing and receive immediate funds in ...
  
  
• BILLS RECEIVABLE - in merchant accounts, are all promissory notes, bills of exchange, bonds, and other ...
  
  
• BIMODAL DISTRIBUTION - In which observations are displayed as having two distinct peaks.
  
  
• BIMONTHLY MORTGAGE - A mortgage on which the borrower pays half the monthly payment on the first day of...
  
  
• BINARY - a math system based on 2s rather than lOs, using only the digits O and 1. It is the operating ...
  
  
• BINARY CALL (PUT) OPTION - Typically, a Binary Call (Put) Option (q.v.) that pays off nothing if the un...
  
  
• BINARY OPTION - Is an option that has two outcomes. Generally, it is structured to pay a predetermined ...
  
  
• BINDER - 1. A written commitment from an insurance company to insure a property or a certain risk; or 2...
  
  
• BINDER OR "OFFER TO PURCHASE" - A preliminary agreement, secured by the payment of earnest money, betwe...
  
  
• BINDER POLICY - A type of title insurance policy offered by some title companies which allows for a ref...