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

Category: B

BOSTON OPTION

(1) Any OVERTHECOUNTER OPTION where PREMIUM is paid at maturity rather than trade date. (2) See BREAK FORWARD.

BOUNCE

Move quickly away from a surface after hitting it; rebound

BRAND LOYALTY MANAGEMENT

Defined as relative possibility of customer shifting to another brand in case there is a change in product

BREAKAGE COST

The difference between the value of the remaining loan repayments at the original fixed rate and their value at the present market rate.

BREEDER’S INSURANCE POLICY

Insurance coverage for the damage, theft or loss of bred animals. A breeder’s insurance policy may also cover veterinary bills for animals in the event of illness or accident, as well as

BROUTER

A Bridge Router or brouter is a network device that works as a bridge and as a router. The brouter routes packets for known protocols and simply forwards all other packets as

BUDGET HEARING

A meeting that is usually open to the general public to discuss a business or government budget. Individuals from the community can openly ask questions and they will be answered by the

BULKHEAD SEATING

The first row of seats beyond a wall or divider. And, in most cases, they do provide extra legroom.

BUNDLE OF RIGHTS

The bundle of rights is a common way to explain the complexities of property ownership. Teachers often use this concept as a way to organize confusing and sometimes contradictory data about real

BURGERNOMICS

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which

BUSINESS ARCHITECTURE

A part of the an enterprise architecture related to architectural organization of business, and the documents and diagrams that describe that architectural organization. People who help build business architecture are known as

BUSINESS GIFT

The cost of qualified business gifts is deductible to a maximum of $25 per year per client or customer. The $25 limit does not apply to promotional items costing $4 or less

BUSINESS MANAGEMENT SYSTEM

A set of tools for strategic planning and tactical implementation of policies, practices, guidelines, processes and procedures that are used in the development, deployment and execution of business plans and strategies and

BUSINESS PROCESS

A collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.

BUSINESS RULES

A Business rule is a statement that defines or constrains some aspect of the business. It is intended to assert business structure or to control or influence the behavior of the business.

BUSINESS-TO-BUSINESS (B2B)

(B2B) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G).

BUY AND HOLD

Buy and hold is a long term investment strategy based on the view that in the long run financial markets give a good rate of return despite periods of volatility or decline.

BYPASS TRUST

Trusts are used in the United States as a legitimate tool to circumvent gift tax, and to minimize taxation of assets upon death of a married couple.

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