Financial Glossary



Balance Transfer Programme - A programme offered by card issuers which allows their existing cardholders or cardholders of other card issuers to transfer the outstanding balance from their credit cards to another at special interest rate.

Banking and Financial Institutions Act 1989 (BAFIA) - An Act which lays out laws for licensing and regulation of financial institutions carrying out banking, finance company, merchant banking, discount house and money-broking businesses.

Bank Negara Malaysia (BNM) - The Malaysia's Central Bank, the major role of BNM is to promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy.

Base Lending Rate (BLR) - A minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions' cost of funds and other administrative costs.

Bill Payment Facility - A service provided by the card issuers to facilitate payment of bills with selected service providers e.g. phone charges, utility bills, insurance premiums, subscriptions fees. The service is normally provided free of charge.

Bond Fund - An investment fund that invests primarily in bonds or other debt securities.

Buku Perancangan dan Penyata Kewangan Keluarga - This planning and household account book is designed to assist in the management of household income, expenses, savings and investment. An important feature of the book is the section on the
concept of planning and budgeting.

Buku Wang Saku - This pocket money book is for school children to practise financial planning by recording money inflows, expenses and savings.

Bureau de Change - Outlets of commercial banks that provide services of foreign currency exchange, credit card and traveller's cheques encashment and remittance.

Bursa Malaysia Securities Berhad - The exchange where stocks and shares are traded in Malaysia.







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