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

Category: B

BOSTON PLAN

A plan where insurers agree that they will not reject property coverage on residential buildings in a slum area. Insurers agree to accept the coverage until there has been an inspection and

BOUNCED CHECK

Another common term that is used when a check is used for a person that has insufficient funds.

BRAND MARK

The proprietary combination of names, symbols, and colors that convey visually a brand’s identity.

BREAKAWAY GAP

A price gap that forms on the completion of an important price pattern. A breakaway gap usually signals the beginning of an important price move.

BRETTON WOODS SYSTEM

Established the rules for commercial and financial relations among the world’s major industrial states in the mid 20th century. The Bretton Woods system was the first example of a fully negotiated monetary

BROADBANDING

A job grading structure that falls between using spot salaries vs. many job grades to determine what to pay particular positions and incumbents within those positions. While broadbanding gives the organization using

BROWN BAGGING

The practice of bringing one’s own packed lunch to work or the practice of bringing one’s own liquor to a restaurant or club that cannot sell alcoholic beverages.

BUDGET SURPLUS

The primary deficit is defined as the difference between current government spending and total current revenue from all types of taxes.

BULL MARKET

A market trend is a putative tendency of a financial market to move in a particular direction over time. These trends are classified as secular for long time frames, primary for medium

BUNDLED PRICING

Product bundling is a marketing strategy that involves offering several products for sale as one combined product.

BURIED POSITION

Placing an ad between other ads in a print publication, so that readers are less likely to see it.

BUSINESS AREA

The company’s operations. Fixed assets and accounts receivable may be balanced in accounting using business areas.

BUSINESS CRITICAL POINT

When a critical process or function has made it so that a business or firm is no longer able to continue.

BUSINESS IMPACT ANALYSIS (BIA)

A formal analysis of the effect on the business if a specific set of IT services are not available. It will also identify the minimum set of services that an organisation will

BUSINESS MATTER ANNOTATION

Comments on business matters that were handled and stored on a record. These are matters that also require use of the record which also follow up with the action(s) taken after the

BUSINESS PROCESS IMPROVEMENT (BPI)

Analyzing business processes to determine if there is a more effective way to perform the existing ones, or if they should be completely re-designed. Typical reasons for BPI include outmoded processes or

BUSINESS SCENARIO

A business scenario is a view of a possible future external environment based on a set of assumptions about important uncertainties which face the business and which may affect organizational performance.

BUSINESS-TO-BUSINESS (B2B) EXCHANGE

An electronic commerce exchange where networks are used to connect institutional buyers and sellers of ASSETS, goods or services. See also ALTERNATIVE TRADING SYSTEM, BUSINESSTOCONSUMER (B2C) EXCHANGE, ELECTRONIC COMMUNICATIONS NETWORK.

BUY AND WRITE

Strategy requiring the simultaneous purchase of underlying securities and the writing of call options over those securities representing the same number of those securities.

BYPRODUCT

A secondary result, unintended but inevitably produced in doing or producing something else.

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