What is ?

BRICS

The term BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The coin was initially created as BRIC (without South Africa) by Goldman Sachs economist Jim O'Neill in 2001, claiming that by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010. The BRICS countries operate as a loose organization that seeks to further economic cooperation amongst member nations and increase their economic and political standing in the world.

Golden Parachute

A golden parachute consists of substantial benefits given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the merger or takeover. Golden parachutes are contracts with key executives and can be used as a type of anti-takeover measure, often collectively referred to as poison pills, taken by a firm to discourage an unwanted takeover attempt. Benefits may include stock options, cash bonuses, and generous severance pay.Golden parachutes are thus named as such because they are intended to provide a soft landing for employees of certain levels who lose their jobs.

Gold Standard

The gold standard is a fixed monetary regime under which the government's currency is fixed and may be freely converted into gold. It can also refer to a freely competitive monetary system in which gold or bank receipts for gold act as the principal medium of exchange; or to a standard of international trade, wherein some or all countries fix their exchange rate based on the relative gold parity values between individual currencies.

Debit Note

A debit note is a document used by a vendor to inform the buyer of current debt obligations, or a document created by a buyer when returning goods received on credit. The debit note can provide information regarding an upcoming invoice or serve as a reminder for funds currently due. For returned items, the note will include the total anticipated credit, an inventory of the returned items, and the reason for their return.

Debit Balance

The debit balance in a margin account is the amount of money a brokerage customer owes their broker for funds they've borrowed from the broker to purchase securities on margin.

Borrowing Base

A borrowing base is the amount of money that a lender is willing to loan a company, based on the value of the collateral the company pledges. The borrowing base is typically determined by a method known as "margining," in which the lender determines a discount factor, which is then multiplied by the value of the collateral in question. The resulting numerical figure represents the amount of money a lender will loan out to the company.