A valuation of something using its net assets on the balance sheet.

A very rough way of valuing an asset because it ignores the intangibles.

BRIC stands for the emerging economies – Brazil, Russia, India and China.

Backwardation occurs when a bid price exceeds the ask price.

This usually occurs when stock is suspended or under a share repurchase scheme.

It can also mean that a futures contract will trade at a higher price when it is coming close to expiring.

The opposite of backwardation is known as contango.