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
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
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.