Term of the day
Bitcoin
Bitcoin is a digital currency. Instead of printing banknotes, or minting coins, a list of the registration numbers of each of the "coins" is kept and a record of who owns them. People can pay one another by transferring the registration numbers online.
The creators of Bitcoin remain anonymous. The founder is supposedly called "Satoshi Nakamoto”, which is a Japanese name, but could be a person or people anywhere in the world. Whoever the founders were, they mistrusted government enough to set up a...
Business glossary
- business ecosystemIncreasingly, businesses operate in a broader network of related businesses offering particular products or services. This is known as a...
- business model
- classical economics
- corporate governance
- corporate responsibility
- elasticity of demand
- flexible working
- generation Y
- green technology
- hidden needs
- market capitalisation
- moral hazard
- price/earnings ratio
- private equity
- return on equity
- social media
- sustainable enterprise
- trade secret
- value-based pricing
- value investing
- venture capital
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Buzz Words
- biomimicryBiomimicry is broadly used to describe any process in which a shape or process in nature is used to inspire an innovation. Biomimicry has...
- London whale
- phablet
- austerity
- countercyclical buffering
- crowdsourcing
- dark pools
- Dodd-Frank Act
- ESG
- Glass-Steagall Act
- grey dollar
- hawk
- inflation targeting
- Keynesian economics
- microfinance
- sukuk (Islamic bonds)
- spread betting
- sustainable development
- too big to fail
- toxic assets
- Volcker rule
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In the News
- big dataBig data is the term used to describe the huge volumes of data generated by traditional business activities and from new sources such as...
- cyber crime
- Financial Policy Committee FPC
- financial regulation
- fiscal cliff
- funding for lending
- gamification
- GSifi
- IMF
- insider trading
- IPO
- Libor
- monetary transmission
- peak oil
- QE3
- risk on, risk off
- Serious Fraud Office
- sovereign bonds
- strategic alliance
- proprietary trading
- zombie household
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