Bessa

(French baisse) 1) depreciation of stock exchange securities, 2) stock speculation, which aims to lower the price of securities or prices of goods if prices in the market fall between the conclusion and execution of the transaction, then when the transaction is due, the speculator-seller can buy securities or commodities at a lower price and, renting them to his counterparty at a higher stipulated price, will make a profit. Transactions end with the payment of the exchange rate difference without the actual delivery of goods or securities; when the exchange rate or price falls, the difference goes to the speculator-seller, and when it rises, it goes to the buyer.