What is Bayes’ Theorem? Definition: Bayes’ theorem is defined as a theorem that helps us calculate the probabilities of the event as per the prior…
Bad Credit – Definition, Causes and Factors
What is Bad Credit? Definition: Bad credit is defined as a person’s history of not paying debts on time and a possibility that they would…
Stakeholders – Definition, Categories and Types
Stakeholders can be understood as an individual, group of people, members, or any organization that get affected by the result of an associated project. Stakeholders…
What is Copayment? – Definition, Characteristics & Example
The term copayment is also referred to as copay. It is the fixed amount paid by a patient for a covered service to the service…
What is Bankruptcy? Definition, Types, Pros and Cons
Bankruptcy can be understood as a legal procedure that a company or an individual undergoes when they cannot pay back their debts. It is a…
Forecasting – Definition, Methods, Process and Features
Forecasting indicates the process of making predictions for the future. These predictions are based on historical data from the past as well as the present….
Transparency – Overview, Importance and Examples
Transparency refers to the willingness of an organization to be transparent and share information with all its stakeholders so that they can understand what is…
Bearer Share – Definition, Advantages and Disadvantages
What is a Bearer Share? Definition: A bearer share is defined as a type of share in which the name of the owner of a…
Bear Market – Definition, Types and Consequences
What is the Bear market? Definition: A bear market is defined as a situation when the stock market price falls at least 20% from its…
Balloon Payment – Overview, Advantages & Disadvantages
A balloon payment is a large amount of money that is paid at the end of a loan term. The balloon amount is enormous compared…
Balanced Budget – Types, Importance, and Examples
A balanced budget is a budgeting process or financial plan in which total revenues are equal to the spending or expenditures. The most common use…
Bailout – Definition, Policies, Features and Examples
A bailout is when any individual, business, or government lends money or any resources to an otherwise failing company. This is done to give it…
Monte Carlo Analysis – Overview, Simulation and Importance
Monte Carlo Analysis is a computerized mathematical model that helps people to calculate risk in decision-making and quantitative analysis. Monte Carlo analysis is also known…
What is Backwardation and How it Differs From Contango?
Backwardation is a specific condition of a market in which the cost of the current price or spot price of a commodity is higher than…
11 Effective Ways On How To Get Out Of Debt On Your Own
Debt is such a small word but can result in very high consequences. It can destroy worlds and bring people to their knees. People fear…
