Baptism by Fire

DEFINITION of 'Baptism by Fire'

A phrase originating from Europe that describes an employee that is learning something the hard way, like being immersed in their field of employment. Baptism by fire has its roots in battle terminology, describing a soldier's first time in battle.

BREAKING DOWN 'Baptism by Fire'

Baptism by fire is used when the best way for someone to be trained is for that person to experience the actual situations rather than to just study those situations. Jobs that require baptism by fire may include: police officers, firemen, military personnel, etc.

RELATED TERMS
  1. Baptism of Fire

    A difficult situation that a company or individual experiences ...
  2. FIRE Economy

    Investopedia explains: a fire economy is the sector composed ...
  3. Fire Sale

    Selling goods or assets at heavily discounted prices. Fire sale ...
  4. Fire Insurance

    Insurance that is used to cover damage to a property caused by ...
  5. Free and Clear

    A slang phrase describing the situation of someone when he or ...
  6. Terms Of Employment

    The conditions that an employer and employee agree upon for a ...
Related Articles
  1. Retirement

    How To Lay Off Staff

    Firing employees isn't easy, but it is simple: be honest, be compassionate and be quick
  2. Budgeting

    4. Unemployment pay will tide me over if I lose my job.

    Putting 10 budget myths in their place
  3. Savings

    4 Ways To Weather An Economic Storm

    Keeping a cool head and sticking to a plan during an economic slump is vital to financial stability.
  4. Entrepreneurship

    5 Signs You’re About To Be Fired

    Often the signs of an imminent firing are subtle. Keep these five in mind.
  5. Personal Finance

    Kindle Fire HD 8.9

    There are numerous iPad Mini alternatives—far more than this article covers. These are some of the most popular and most favorably reviewed.
  6. Investing Basics

    The Top 5 Coding Schools in the U.S.

    Learn about some of the country's premier coding schools offering intensive courses in cutting-edge programming languages, such as JavaScript and Ruby.
  7. Equity Valuation: Its Applications and Processes

    The Objectives of This Section are for the Candidate to: define valuation and intrinsic value, and explain sources of perceived mispricing; explain the going concern assumption, and contrast ...
  8. Personal Finance

    Leaving the Military? Best Next-Step Careers

    Vets bring skills and stamina to the job market. These fields offer good career opportunities for those moving out of the military.
  9. Entrepreneurship

    Identifying And Managing Business Risks

    There are a lot of risks associated with running a business, but there are an equal number of ways to prepare for and manage them.
  10. Financial Advisors

    Advisors: When Should You Fire a Client?

    Sometimes firing a client is necessary. Here's how to know when it's time to show a client the door.
RELATED FAQS
  1. Does homeowners insurance cover fires?

    Understand if your homeowners insurance policy covers fire damage so you can protect what is likely to be your most valuable ... Read Answer >>
  2. How are Three White Soldiers patterns interpreted by analysts and traders?

    Understand the basics of the three white soldiers candlestick pattern and how this bullish reversal signal is interpreted ... Read Answer >>
  3. How effective is creating trade entries after spotting a Three White Soldiers pattern?

    Understand the basics of the three white soldiers pattern and what conditions are optimal for creating effective trade strategies ... Read Answer >>
  4. How do I build a profitable strategy when spotting a Three White Soldiers pattern?

    Learn a simple trading strategy implemented based on the bullish market reversal signal given by the three white soldiers ... Read Answer >>
  5. How do I implement a forex strategy when spotting a Three White Soldiers Pattern?

    Learn two variations, one aggressive, one more conservative, of a forex trading strategy that can be used with the three ... Read Answer >>
  6. How can marginal revenue increase?

    Read about economic circumstances that bring about an increase in marginal revenue and what it means to producers and profit ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center