BELT AND SUSPENDERS
This term is used to explain safety and conservatism in loaning practices. In describing the careful bankers who request that loan procedures to be very strictly adhered to.
In general - belt and suspenders is used to hold up one’s pants which also mean having repetitious safety measures in place to remove all risk. The term can be complimentary, but it also can inform a ridicule of the overly cautious.
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Bank Restriction Act of 1797
Act freeing the Bank of England from exchanging banknotes and other financial claims for gold. Passed by the British government in 1797, the legisl ...
Worldwide Coverage
Worldwide Coverage is an insurance policy that provides international coverage for personal property owned by the insured against any loss or damag ...
Third-Party Verification - TPV
Process in which an independent organization evaluates the client’s information to ensure its accuracy and intent. This is often used in tran ...
Bullish Abandoned Baby
Candlestick pattern signalling a reversal in the present trend. Used by traders, it is formed by three unique candlesticks showing the following ch ...
Confluence
Combining two or more techniques and ideas into one complete strategy. It occurs when two different ideas or strategies are used together to come u ...
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