Economics, commercial and trade terms page-1
1. arbitration
a method for compounding dispute , generally of an industrial nature , between the employer and his employees by reference to disinterested parties ---- called arbitrators
2. Banker cheque
a cheque by one bank on another within the city .
3. Bank rate
the rate at which the central bank (reserve bank of India
4. Barter
to trade by exchanging one commodity for another.
5. Bear
a speculator in the stock market who believes that price will go down.
6. Bond
a written monetary agreement between two persons or between two governments or between a person and government or corporation or between corporation and a government.
7. Bull
a speculator in the stock market who buys goods. In come cases without money to pay with anticipating that price will go up.
8. Debentures
A debenture is a certificate issues by company to its creditors promising the payment of stated sum at fixed rate of interest after specified period of time. A debenture is the first charge on the assets of the company.
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