Bank Levy
A bank levy occurs when your bank account is frozen and the funds within it are seized. This typically happens when you fail to pay your taxes or debts.
Usually, government agencies (such as the IRS) implement a bank levy to recover unpaid taxes. They will freeze your account and withdraw an amount equal to what you owe. While your account is under a bank levy, you will not have access to your money until the entire debt is settled.
Recommendation
Backtesting
Backtesting involves applying the rules of a trading strategy or algorithm to a historical dataset, which can span up to 10 years, for a specific asset.
Backwardation
Backwardation occurs in commodity futures markets when the spot price of a commodity surpasses its futures prices. This indicates that the price for immediate delivery is greater than the prices for delivery at future dates.
Bahamian Dollar (BSD)
The Bahamian Dollar (BSD) serves as the official currency of The Bahamas, a nation made up of more than 700 islands situated in the Atlantic Ocean, southeast of Florida.
Bahrain Dinars (BHD)
The Bahraini dinar (BHD) serves as the official currency of Bahrain, a small island nation situated in the Persian Gulf.
Bailout
A bailout is a financial concept that denotes an exceptional act of providing funds, either through lending or outright grants, to an entity (such as a company, bank, or individual) that is at risk of failing due to bankruptcy or insolvency.
Baker Hughes Rig Count
The Baker Hughes Rig Count is a frequently monitored report that tracks the number of active drilling rigs in the oil and gas sector. It acts as a gauge for the vitality of the energy industry, with variations in rig counts indicating changes in exploration and production activities. Founded in 1944 by Baker Hughes (now known as Baker Hughes, a GE company), the rig count has become a crucial measure of drilling activity in the United States, Canada, and global markets. By observing the number of active rigs, the report offers insights into industry trends, production levels, and the overall condition of the energy sector.