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

Category: B

BUSINESS ANALYSIS

The discipline of identifying business needs and determining solutions to business problems.

BUSINESS CONTINUITY

The activity performed by an organization to ensure that critical business functions will be available to customers, suppliers, regulators, and other entities that must have access to those functions.

BUSINESS FRANCHISE TAX

A franchise tax is charged by a state to corporations and other business entities (LLCs in some states).

BUSINESS PHILOSOPHY

The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or

BUSINESS RESUMPTION

The process in which all operations of a business or firm are restored after a disaster or emergency.

BUSINESS VALUATION

A process and a set of procedures used to estimate the economic value of an owner

BUTTON AD

A graphical advertisment, smaller than a banner ad, typically measuring 120 x 90 pixels.

BYLAW

(Sometimes also spelled by-law or byelaw) can refer to a law of local or limited application, passed under the authority of a higher law specifying what things may be regulated by the

BAIT AND SWITCH

Offering a product that gets customers and than changing it for a pricey one once they agree to purchase.

BAILABLE OFFENSE

A crime that the defendant can be released fore after bail is promised.

BACKED CURRENCY

When currency has value has value connected to another commodity like gold.

BACKLOG

The value of orders that are not yet filled or the undone jobs on any day. This shows that there is area for growth in teh company. AKA open order.

BAKA YOKE

An older term for poka yoke. The actual meaning is to fool proof.

BAROMETER

A tool that measures atmospheric pressure with mercury. The two types are mercury and aneroid barometers.

BEAUFORT SCALE

A scale for wind speed. It starts at 0 and ends at 12. Waves are observed to detect speed. Its named after Sir Francis Beaufort.

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