Statistical Terms Glossary

Bulk carrier arranged for the carriage of either bulk dry cargoes or liquid cargoes in the same cargo spaces but not simultaneously.

Ship designed with a single deck and holds for the bulk carriage of loose dry cargo of a homogenous nature.

Fixed-interest bond whose value at maturity is dependent on the performance of a stock market index. The issue is divided into two parts: a bull bond and a bear bond.
The bull bond’s redemption value rises if the market index increases and declines if the index decreases. Conversely, the bear bond has a higher redemption value if the stock market weakens and a lower value if stock prices rise.

A rising market.

Type of futures contract speculating on the spread between different delivery months of the same instrument in the futures market. It is profitable if the underlying security or commodity increases in price. The Bank has considered using this technique for currency options, hedging against dollar depreciation. See bear spread.

Bond issued in pounds sterling on the London market outside UK.

An issue with no call and no prepayments until maturity.

An issue to be repaid in a lump sum at the end of its term rather than gradually.

Maturity requiring the entire payment to be made, rather than gradual payments over the life of the loan.

The repayment of principal in a single payment at the maturity of the debt.

Simply an electronic message centre relevant to specific interest groups. Users can review messages left by others and leave their own message.

Paper all maturing at the same time.

A low embankment, wider than a ridge, normally greater than 20 cm but less than 1 m, used to control runoff in irrigated lands. Bunds are characterized by the materials used (‘earth bund', ‘stone bund' or ‘mixed bund'), their shape (‘triangular bund', ‘trapezoidal bund', ‘semi-circular bund'), their dimension (‘large semi-circular bund'), their position across the slope (‘contour bund', ‘graded water diversion bund', ‘straight water diversion bund') and presence of ties if any (‘tied bund').; An embankment of earth and rock built to prevent floods or to hold irrigation water in for agricultural purposes.

Bundling is also referred to as package tie-in and tends to occur when one product is sold in proportion to another as a requirement for the sale.

Grouping various telecommunications services -- wireline and/or wireless -- as a package to increase the appeal to potential customers and reduce advertising, marketing and other expenses associated with delivering multiple services. For example, a bundled package could include long distance, cellular, Internet and paging services.

A cargo and passenger ship makes a bunker call when it anchors or berths in a port to take on bunker oil or supplies.

This term includes all dutiable petroleum products loaded aboard a vessel for consumption by that vessel.

A bond that permits investors to reinvest the interest income into bonds with the same terms and conditions as the host bond. Note that bunny bond is a UK term only. OSCARs, which are used in the French market, have a maturity of 10 years and reinvestment is only possible between the first and sixth year.

Bunny bonds are sometimes called a multiplier, a fixed rate bond issue which gives the holder the option to receive payments either in cash or as more bonds fungible with the original issue. The investor will exercise the reinvestment option if interest rates fall; hence reinvestment risk is eliminated, and the "duration" of the bond is lengthened (see group description for definition of "duration"). If interest rates rise, the investor will choose to receive coupons in the normal way

See tax buoyancy.

Legal complaint where persons consider themselves wronged by failure to apply the principle of equal treatment, and where there is a prima facie case of discrimination, it is for the defendant to prove that there has been no contravention of the principle.

Unlawful entry into someone else's premises with an intention to commit crime.

Is an official statement authorising the removal of the dead body (corpse) to the cemetery.

Passenger road motor vehicle designed to seat more than nine persons (including the driver).

Part of a carriageway designated for buses and distinguished from the rest of the carriageway by longitudinal road markings.