The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: B

Bodily Injury Liability Coverage

A type of auto insurance coverage wherein the insurer will cover the cost of bodily harm caused by the policyholder deemed at fault in an accident.

Blue Book

A shortened name for the “Kelley Blue Book,” which publishes the values of used vehicles.

Benchmark Rate

A government-set auto insurance rate used in Canada. An insurance company that sets its rates within a certain range of the benchmark rate does not need government approval to use those rates.

BONDED INDEBTEDNESS

a debt that is secured by an issued bond with the monies received to be used for corporate purposes.

BEGGING THE QUESTION

This term applies to the argument that will assume that the question that is at issue has already been proved.

BICAMERAL

This terms means having 2 legislative houses such as a senate and a house of representatives that is different to a government with one legislative parliament.

BUILDING LINES

These are the setback lines and the line on the street where you cannot build in front of.

BAD FAITH CAUSE OF ACTION

a law suit that is based on an assumption that the opposing parties conduct showed reckless disregard of the suitor’s right and was unreasonable.

BUSINESS AGENT

the person who is the representative of a labour union who hears the worker’s grievances.

BREAKING INTO

This term applies to illegally entering any premises with the intention of stealing.

BAILIFF ERRANT

the person who is appointed by a sheriff who will perform acts such as serving summonses, subpoenas etc.

BINDING ARBITRATION

an arbitration where the arbitrating parties must accept all of the findings and decisions of the arbitrator or arbitrators.

BOND-CREDITOR

the term that applies to the creditor who has taken a bond in order to secure his debt.

BULK TRANSFER

This involves the sale of a business or the part of a business is sold for money which will be a fraudulent sale if the creditors are not paid from the proceeds.

BALLOON NOTE

This term applies to an installment loan with interest that provides for a larger final payment that is known as the balloon payment.

BALANCE OF CONVENIENCE

The question is to balance the relief given to the plaintiff against the injury that will be done to the defendant. TLD Example: The court weighed the balance of convenience and opted not

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