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

Category: B

BERMUDA AGREEMENT

In 1946 three more freedoms were added to the 1944 Chicago convention. The US and the UK allowed an airline to pick up cargo or passengers from their mother country and get

BEST VALUE

When the best benefit comes from a trade off of price and performance.

BIG BANKS

The banks with the most assets in an area. It is listed per country.

BIOSPHERE

The atmospheric layer that has the whole terrestrial eco system in it. It has all living things in it and supports soil, water, and air. AKA ecosphere.

BLACK MONEY

Cash that is not taxed or recorded involved in the black economy or organized crime. It must be laundered to become legitimate.

BLANKING

The act of cutting or punching metal into a shape.

BLIND TRUST

When the party that has a trust doesn’t know who gave it to them. It prevents conflict of interest. The funds are under the control of the party who has the trust.

BLURB

When a publisher has a summary written to reccomend a book. It is printed on the books dust jacket or in an ad.

BOLLINGER BANDS

When three points make an upper and lower trading channel. There are two standard deviations and a middle line. When price changes its measured over 20 days for a moving average.

BOOK PROFIT

The current face value of a bond that is recorded in a statement.

BOOMLET

A minor temporary increase in asset price or index. The increase is small but is still significant and noticeable and also applies to population and commercial activity.

BOTTOM UP

Top-down and bottom-up are strategies of information processing and knowledge ordering, mostly involving software, but also other humanistic and scientific theories (see systemics). In practice, they can be seen as a style

BOX MANUFACTURER’S CERTIFICATE (BMC)

A statement printed within a circular or rectangular border on a corrugated or solid fiberboard box guaranteeing that all applicable construction requirements of the carrier classification have been observed and identifying the

BREACH OF CONTRACT

Failure to live up to the terms of a contract. The failure may provoke a lawsuit, in which an aggrieved party asks a court to award financial compensation for the loss brought

BREAKOUT

A forcible escape, typically from prison or suddenly and extremely popular or successful.

BRITISH THERMAL UNIT (BTU)

A traditional unit of energy equal to about 1,055 joules. It is approximately the amount of energy needed to heat 1 pound (0.454 kg) of water (i.e. exactly one tenth of a

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.