Budget

A budget refers to a financial plan that outlines how an individual or organization allocates funds for spending and managing expenses. In macroeconomics, it represents the trade-offs made in the exchange of goods, helping to track income and expenditures effectively.

Related Terms

BSE

The Bombay Stock Exchange (BSE) was established in 1875 and is the oldest stock exchange in India and Asia. It facilitates the issuance of new securities through IPOs and FPOs and enables trading of shares and ETFs, supporting nearly 6,000 companies in India’s capital markets.

Brokerage

Brokerage refers to the fee an investor or trader pays to a brokerage firm for its services, varying by platform. Generally, brokerage fees for intraday, futures, and options trading are higher than for equity delivery transactions, which involve long-term investing.

Broker

A Broker is an intermediary between investors and securities exchanges, facilitating the buying and selling of stocks, ETFs, futures, and options. Only registered brokers, whether individuals or firms, can place trades on exchanges, making them essential for investors to access financial markets.

Bull Market

A bull market is a positive trend in the stock market characterized by a price increase of 20% or more following a decline of 20%. Investors often express bullish sentiments when they anticipate sustained growth in the market over time.

Bullion

Bullion refers to gold, silver, and other high-purity non-ferrous metals, typically shaped into bars or coins. It is recognized as a legal tender, held by central banks, and is utilized by investors to hedge against inflation and manage portfolios effectively.

Bureau of Indian Standards (BIS)

The Bureau of Indian Standards (BIS) is responsible for standardizing and certifying goods and services to ensure safety and reliability for consumers. Established in 1986, BIS also certifies gold based on Indian standards for fineness and purity through testing at its centers.

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