The Banking Act of 1933, commonly referred to as the Glass-Steagall Act, was a landmark piece of legislation in the United States that introduced significant reforms to the banking industry. It was enacted in response to the financial crises and bank failures during the Great Depression.
Bankruptcy fraud is a white-collar crime that commonly takes four general forms:
Basis is the value assigned to an asset, usually its purchase cost, and reflects the owner's investment.
A basis point (often abbreviated as bp) is a unit of measurement that denotes a change in the interest rate of a financial instrument and is equal to 1/100th of 1% or 0.01%. It is a usual practice in the financial industry to use basis points to denote the difference (spread) between two interest rates.
The Bipartisan Campaign Reform Act of 2002 (BCRA) was enacted by the 107th Congress, 2nd Session, and signed into law by President Bush on March 27, 2002 to amend the Federal Election Campaign Act of 1971 (now located at Title 52, Subtitle III of the U.S.
A bearer is an individual in possession of an instrument or bearer paper (e.g. a check). The instrument may be payable to the person in possession (ie.
A beneficial ownership is a trust arrangement whereby the beneficial owner of a security has the power to vote on and influence decisions regarding that security, and receives the benefit afforded by the security, even though in street name the security may be held by someone other than the true owner, such as a broker, for safety or convenience reasons.
A bill is a formal written statement, claim, declaration, or instrument.
A bill of exchange, a short-term negotiable instrument, is a signed, unconditional, written order binding one party to pay a fixed sum of money to another party on demand or at a predetermined date. A bill of exchange is sometimes called draft or draught, but draft usually applies to domestic transactions only. The term bill of exchange may also be applied broadly to other instruments of foreign exchange.
