- Industry: News service
- Number of terms: 2877
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- Company Profile:
United Kingdom-based news service and former financial market data provider that provides news reports from around the world to news media
In commodity markets, backwardation is a situation where the cash or near delivery price rises above the price for forward delivery. The forward price is usually higher than the cash price to reflect the added costs of storage and insurance for stocks deliverable at a later date. Shortage of supply is often to blame for backwardation, because demand for the spot or cash product rises sharply, but the futures price stays steady because more supplies are expected in the future. The opposite of backwardation is contango. See also Contango, Futures.
Industry:Financial services
When a business recognises that a debt is unlikely to be repaid, the debt is written off as an expense in the profit and loss account.
Industry:Financial services
A summary record of a country’s net international economic transactions including trade, services, capital movements and unilateral transfers.
Industry:Financial services
Monetary record of a country’s net imports and exports of physical merchandise. It can be negative, showing that a country is importing more than it exports, or positive, showing it exports more than it imports.
Industry:Financial services
An accounting statement of a company’s assets and liabilities, provided for the benefit of shareholders and regulators. It gives a snapshot, at a specific point of time, of the assets that the company holds and how the assets have been financed. See also Assets, Liabilities.
Industry:Financial services
The situation in a government’s budget where its expenditure matches revenue. Also known as a neutral budget. See also Budget.
Industry:Financial services
A loan that consists of regular monthly payments with one large (balloon) payment at maturity.
Industry:Financial services
A combination of banking and insurance products offered in continental Europe.
Industry:Financial services
A bill of exchange issued or accepted by a bank. It is thus more acceptable than a normal trade bill of exchange because the risk is less and the discount is accordingly also smaller. See also Bill of Exchange.
Industry:Financial services
Weekly or monthly statement issued by a central bank summarising its financial position.
Industry:Financial services
