Get smart about money! This part of our site is all about the stuff they teach in business school. We’ll walk you through the ins and outs of cash, banks, stocks, and big money numbers. It’s not as hard as it sounds—we make it so easy that even a kid could understand.
We’ve got many articles on running a company, tracking where your money goes, and how the money world works. Our guides will give you the lowdown on accounting, which is just a fancy word for keeping track of your dollars. We’ll also dive into economics—the big picture of how money moves around town and worldwide.
Don’t worry about getting lost in the jargon.
We’ll break it down into plain English, a cinch to read. No need to be a math whiz either. You’re all set if you can count to ten and know your pluses from your minuses. We’ll avoid the head-scratching theories and stick to the essential bits.
So, this is the spot for you whether you’re keen to start your own biz, get a handle on your piggy bank, or just want to sound smart at parties. We’ve got your back with the inside scoop on all things money. Let’s get cracking!
Basis price is the price used to figure out if you made or lost money on an investment. It is calculated by taking the price you paid for the investment and subtracting the price you sold it for. You also have to add in any fees or commissions you paid. An example of basis price…
Barrier options are a type of option. Options are contracts that give you the right to buy or sell something at a set price by a certain date. Barrier options are a special kind of option where that right to buy or sell only starts or stops if the price of the thing you’re trading…
A “banque d’affaire” is what they call a merchant bank over in France. These special banks put their own money into helping companies do big business deals. They also sell and trade company stocks and bonds. Merchant banks are pretty different from the regular banks most folks use. Your usual bank takes deposits, makes loans,…
Banking book accounting is a special way that banks keep track of their money and assets. It’s different from the normal accounting that most businesses use. Banks use banking book accounting for certain things they own, like the loans they give out and some kinds of investments. Accrual Accounting In banking book accounting, banks use…
A bank giro is a way to move money from one bank account to another account. The accounts can even be at different banks. Bank giro is also called a bank transfer. When you do a bank giro, you tell your bank to take money from your account. Then your bank moves that money to…
The Bank for International Settlements, or BIS for short, is a special bank that works with all the central banks around the world. Central banks are the main banks in each country that control things like how much money there is and how banks work. You can think of central banks as the “boss banks”…
Bancassurance is when a bank also sells insurance. Banks and insurance companies team up so the bank can offer both banking services and insurance under one roof. This is popular in Europe. How Bancassurance Works Banks want to make money in lots of ways. Insurance companies want more people to buy insurance. So they decided…
A balancing charge happens when a company sells something it owns for more money than what the company says it’s worth in the books. This thing the company sells is called an asset. An asset is anything a company owns that has value, like equipment, vehicles, buildings, or land. Why Balancing Charges Happen The reason…
The balanced budget multiplier is a number. It tells us how much the total amount of stuff a country makes and buys changes when the government spends more money. But there is a catch! The government also has to collect the same amount of extra money it spends. It collects this extra money by making…
A Balance Sheet Hedge is a type of hedge transaction. Companies use it to protect themselves against Translation Risk, which occurs when they operate in countries that use other currencies. Why Translation Risk Matters Imagine a U.S. company that does business in Europe. The European part of the business uses euros, but the U.S. company’s…
