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

Category: B

BUNDLING

Tie or roll up (a number of things) together as though into a parcel or sleep fully clothed with another person, particularly during courtship, as a former local custom in New England

BURST STRENGTH

Hydraulic pressure required to burst a vessel of given thickness. Commonly used in testing filament-wound composite structures. Pressure required to break a fabric by expanding a flexible diaphram or pushing a smooth

BUSINESS AUTOMOBILE POLICY

Protection for damages and liability on company and commercial automobiles. This replaces the business auto coverage form.

BUSINESS DAY

A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday to Friday and do not

BUSINESS INCUBATOR

Programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and

BUSINESS MODEL

A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.

BUSINESS PROCESS MANAGEMENT (BPM)

A management approach focused on aligning all aspects of an organization with the wants and needs of clients. Involves the use of appropriate tools and techniques to design, analyze, and manage operational

BUSINESS SECTOR

In economics, the business sector is a subset of the domestic economy excluding the economic activities of general government, private households, and nonprofit organizations serving individuals.

BUY-BACK ALLOWANCE

An agreed sum offered by the seller if the buyer returns (resells) the PRODUCT to him. The buy-back allowance may only be forthcoming against a replacement purchase, and so can be used

BIOLOGIC HALF LIFE

The time a body takes to process half a substance in it. AKA biological half life, biological half time, metabolic half life, and metabolic half time.

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

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