1 .Balance of Trade ( Or Payment ) :  The difference between the exports and imports of two countries in trade with each other is called balance of payment. IF the difference is positive the Balance of Payment (BoP) is called favorable and if negative it is called…

Accrued interest:   Interest due from issue date or from the last coupon payment date to the settlement date. Accrued interest on bonds must be added to their purchase price. Arbitrage:   Buying a financial instrument in one market in order to sell the same ins…

1.      ATM Meaning:  Abbreviation of Automated Teller Machine: a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card. 2.      Bank balance Meaning:   The amount of money in a bank account. …