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

Category: B

BUSINESS DESIGN

An enterprise architecture (EA) is a rigorous description of the structure of an enterprise. EA describes the terminology, the composition of subsystems, and their relationships with the external environment, and the guiding

BUSINESS INFORMATION REPORT

The most widely used D&B Report for credit assessment, the BIR can provide information about a company’s history, payments, finances, operations, and more.

BUSINESS NAME

A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts

BUY-BACK DEDUCTIBLE

A DEDUCTIBLE on an INSURANCE contract that is eliminated through payment of an incremental PREMIUM, thus providing the INSURED with FIRST DOLLAR COVERAGE in the event of a loss.

BACKWARD COMPATIBILITY

When newer software can work with the older version. AKA downward compatibility. Refer to upward compatibility.

BALLOON PAYMENT

A payment made on a loan that is highe than the ones before it. It is done at the end of the period. It pays what is left after the last payment.

BARBELL PORTFOLIO

An investment PORTFOLIO comprised of NOTES and BONDS with short and longterm maturities but few, or no, securities with mediumterm maturities. A barbell may be constructed to take advantage of a particular

BARRIERS TO ENTRY

Issues that new firms encounter that prevent or restrict them from entering a market. These issues can be related to the economy, a flooded market, high investment needs, brand competition, and pricing

BATCH

1.the goods produced in a single run. 2. data treated as a unit in a procedure.

BELOW THE LINE

1. items not in the account total. They have no effect on gain or loss in the period. 2. using promotional methods that the marketer controls. No commission is earned by the

BENIGN

A condition that has no cancer or harm. It is not a concern health wise.

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