A condition of national finances in which im¬ports and exports are equal.
The currency of Panama - 1B = 100 centesimos.
A large bundle of compressed, bound and usu¬ally wrapped goods such as cotton
Bulky cargo shipped in bales, usually of burlap
Heavy material strategically placed on a ship to improve its trim or stability. In most vessels water is used as ballast.
– computers / Intemet
The data transmission capacity of an electric communications channel or connection. The more bandwidth, the more data can be transferred in a given period of time. Bandwidth is measured in bits per second (bps). The technical definition of bandwidth refers to the difference be¬tween the highest and lowest frequency that a connection can transmit and is measured in hertz (Hz) or cycles per second. The greater the difference between these two values the more data can be sent in a given period of time. Bandwidth differs greatly depending upon a number of factors. LANs (local area networks) as used in many office environments are much faster than WANs (wide area networks) such as dial-up modems, DSL and Tl-3 lines as used in most Internet con¬nections. The following chart gives a sampling of bandwidth for the most common network configurations.
WAN Connections Bandwidth Switched Services
Dial-up modems 9.6, 14.4,28.8, 33.6 and 56 Kbps ISDN BRI 64-128 Kbps PRI 1.544 Mbps
Unswitched Private Lines
T1 1.5 Mbps
T3 44.7 Mbps
DSL 144 Kbps to 52 Mbps
LAN Connections Bandwidth
Ethernet (10 BaseT) 10 Mbps
Fast Ethernet (100 BaseT) 100 Mbps Gigabit Ethernet 1,000 Mbps
Token Ring 4,16 Mbps
ATM 25,45,155,622, and 2,488 Mbps!
A bill of exchange drawn on or accepted by a bank to pay specific bills for one of its customers when the bill become due. Depending on the bank’s creditworthi¬ness, the acceptance becomes a financial instrument which can be discounted for immediate payment. See bill of ex¬change.
Bank Affiliate Export Trading Company
An export trading company partially or wholly owned by a banking institution as provided under the U.S. Export Trading Company Act. See export trading com¬pany; Export Trading Company Act.
A check drawn by one bank against funds de¬posited to its account in another bank.
British term for a legal holiday where banks and government offices are closed.
Bank for International Settlements
Established in 1930, this organization was de¬signed to foster cooperation among world central banks, to seek opportunities for development of financial activity among governments and to serve as an agent involving the transfer of payments. Contact: Bank for International Set¬tlements; Centralbahnplatz 2; CH-4002 Basel, Switzer¬land - Tel :  (61) 280-8080 – Fax :  (61) 280-9100
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