Glossary
of trading terms

Glossary of trading terms

Glossary of trading terms

Balance

The total financial result of a completed transaction, as well as deposits/withdrawals from an account.

Balance of trade

The difference between a country’s imports and exports. Found by subtracting imports from exports.

Bank rate

The Interest rate at which a country’s central bank lends money to the country’s commercial banks.

Base Currency

The first of a currency pair. The second is called the quote currency.

Base rate

The Interest rate at which a country’s central bank lends money to the country’s commercial banks.

BoC

Bank of Canada, Canadian central bank.

BoE

Bank of England, UK central bank.

BoJ

Bank of Japan, Japanese central bank.

Bond

A debt security under which the issuer owes the holder of the bond a debt. Depending on the terms of the bond, the issuer may be obliged to pay interest and/or repay the principal at a later date (known as the maturity date).

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