B
Balanced fund: a type of managed fund whose investment strategy is to have, at all times, some proportion of its investments in all asset classes, creating a risk/return balance between the types of investments.
Balloon payment: the optional lump sum remaining at the end of an asset purchase agreement.
Bear market: a market that is decreasing over time. The opposite to a bull market.
Benefit: in relation to superannuation, the entitlement to a lump sum, pension or annuity.
Bonds: also known as fixed interest securities, are agreements that guarantee to repay a fixed amount of money at a pre-determined date in the future (maturity date). Bonds are generally issued by Governments, banks or companies to finance investment projects.
Broker: an individual who executes investors' orders to buy or sell securities.
Brokerage: a fee charged by a financial adviser or stockbroker for a transaction. Sometimes referred to as commission.
Bull market: a market that is increasing over time. The opposite to a bear market.