B fintech glossary terms

BaaS

Banking as a Service.

BACS

Bankers Automated Clearing Services.

Balance

Amount of money in account.

Balance Sheet

Financial statement showing assets, liabilities, and equity.

Bandwidth

Maximum data transfer rate.

Banker's Draft

Check guaranteed by bank.

Banking-as-a-Service

Platform enabling non-banks to offer banking services.

Bankruptcy

Legal proceeding for insolvency.

Barter

Trading goods for goods.

Base Layer

L1 blockchain.

Basel III

Global banking regulatory framework.

Basis Point

One hundredth of one percent.

Bear Market

Market condition where prices are falling.

Bear Trap

False signal causing sell-off before rise.

Behavioral Finance

Psychology in financial decisions.

Benchmarking

Comparing performance against best practices.

Beneficiary

Person receiving payout.

BEP-20

Token standard on Binance Smart Chain.

Beta

Measure of volatility vs market.

Beta Slippage

Decay in leveraged ETFs.

BIC

Bank Identifier Code.

Bid Price

Highest price a buyer will pay.

Big Data

Large, complex datasets.

Big Mac Index

Informal way to measure PPP.

Big O Notation

Describing algorithm performance.

Bill of Lading

Receipt for cargo shipment.

Binary

System using 0 and 1.

Biometric Auth

Identity proof via biology.

Biometric Authentication

Verification using unique biological characteristics.

Biometrics

Body measurements and calculations.

Biotech

Tech based on biology.

Bitcoin

First decentralized digital currency.

Bitcoin Layer 2

A protocol built above Bitcoin to improve scalability, programmability, or settlement speed.

BitVM

A proposed computation framework that expands what can be verified with Bitcoin scripts.

Black Swan

Unpredictable event with huge impact.

Black-Scholes

Model for pricing options.

Blind Signing

Signing a transaction without fully decoding and reviewing the human-readable contents.

Blobspace

Data storage for rollups.

Block Explorer

Tool to view blockchain data.

Block Height

Number of blocks in chain.

Block Reward

Coins awarded to miner.

Block Time

Time taken to generate a new block.

Blockchain

Distributed ledger technology recording transactions.

Blue Chip

Stock of a large, reliable corporation.

Blue Ocean

Uncontested market space.

BNPL

Buy Now, Pay Later.

Board of Directors

Governance body elected by shareholders to oversee strategy, management, risk, and fiduciary decisions.

Bond

Loan made by an investor to a borrower.

Book Value

Value of asset on balance sheet.

Bootstrapping

Building and funding a company primarily from founder capital, customer revenue, or internal cash flow instead of outside equity.

Botnet

Network of infected computers controlled by attacker.

Break-even Point

Point where revenue equals costs.

Bretton Woods

1944 monetary agreement.

Bridge

Connection to transfer assets between chains.

Brute Force

Guessing passwords by trying all combinations.

Budget

Estimate of income and expenditure.

Bug Tracking

Managing software bugs.

Bugs Bounty

Reward for finding bugs.

Bull Market

Market condition where prices are rising.

Bull Trap

False signal causing buying before drop.

Burn Rate

Rate at which cash is spent.

Business Intelligence

Technologies for analyzing business data.

Buy Now Pay Later

Payment option allowing purchases with deferred payments.

Buyback

Project buying its own tokens.