A baby bond is a fixed income security issued in small-dollar denominations, with a par value of less than $1,000. The small denominations enhance the attraction of baby bonds to average retail invest...
The phrase 'buy-side' refers to companies that are in the business of buying others, rather than selling them. Investment banks are not usually part of this; although they may advise on the purchase o...
A buyback is a corporate action undertaken by a firm where it repurchases some of its shares outstanding from the market. This is done for one of 3 reasons:Increase the value of the shares (less suppl...
A 'bull' is any investor or firm which believes that the financial markets (or any asset within them) is going to rise in value. They are typically seen as the optimists of the financial world.In the ...
A broker is an intermediary who performs orders on behalf of a client, and takes a fee for doing so (regardless of whether the trade is profitable or not). Brokers usually have fixed trade commissions...
Bridge Loan is a term used frequently in investment banking, private equity and venture capital. It is a loan which is used to enable a firm to undertake an acquisition / takeover ...
A breakout is a term used in technical analysis for trading and refers to the price movement of an asset through a level of support or resistance. A breakout will usually involve large volum...
A breakeven point is the level at which an investor or firm will have made no profit and no loss on an investment, i.e. a return of zero.Investors and firms calculate a point or price at which all the...
A 'box spread' is a trading term used for hedging when trading. It requires buying and selling highly correlated assets in the correct ratios to each other. An example of a box would be...
Boutique investment banks are smaller than the large global banks and tend to focus on one or two areas of investment banking. Typically, they act in an advisory role for M&A although so...