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

Category: B

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.

BIOLOGIC MONITORING

Studying specimens to see how a substance affects the body. It will than be decided to be toxic or helpful. AKA biological monitoring.

BACK DATE

The date on a document that is retroactive. AKA ante date. It is the opposite of post date.

BACKFLUSH COSTING

Pricing a product by using the finished result and working your way back. When inventory must be kept low this is the way costing is done. AKA backflush accounting.

BACKTESTING

The process of determining the validity of a VALUE ATRISK model by comparing actual profit and loss experience with results predicted by the model. The process is also applicable in investment management,

BALANCED SCORECARD (BSC)

When past good performance is used to predict future performance. The cards do not take in to consideration the environment.

BANQUE D

In France, a MERCHANT BANK that invests its own CAPITAL in support of CORPORATE FINANCE transactions and engages in securities UNDERWRITING and TRADING.

BARRIER MATERIAL

Material used to make barrels. It is meant to stop leaking of gas, liquid, and radiation.

BASIS

1.the days in a year used for interest computation. 2. when adjustments are made between currencies. 3. the price difference between the cash and futures market for an asset. 4. the purchase

BED AND BREAKFASTING

In the UK markets, the practice of selling COMMON STOCK of a company on one day and repurchasing it the following day in order to establish a gain or loss for tax

BELOW COST

Acknowledging an expense when it is incurred. When paid the tranaction is recorded.

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