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

Category: B

BACKGROUNDER DATA

A review of a companies financial status and holdings. When printed its called a backgrounder sheet or a fact sheet.

BACKWARD LINKAGES

The channels information, material, and money takes in a company. The suppliers and buyers make up a netowrk. Refer to forward linkages.

BANCASSURANCE

Selling insurance to customers of a bank. A wide variety of products are offered.

BARCODE SYMBOL

The strips printed next to eachother on a barcode. Each bar is a number that is ready by a scanner. A computer matches the number with an item in its records. There

BAUD (BD)

An old way digital speed was measured. The new way is bits per second. It was named after J M E Baudot.

BEIGE BOOK

A report the Federal Reserve makes to show the economic conditions. 12 Federal Reserve Banks send the data on their own summaries. Its a big market indicator and changes monetary policy.

BENEFACTOR

An individual who financially assists another individual, such as someone who contributes to charitable organizations, or a family member that provides cash to another family member for school, etc.

BERLE-MEANS THESIS

When a board of directors is placed in charge. The owners rely on them to run things for them. Ownership and control are separated.

BEST SELLER

A book that sells large numbers in a period of time. A list is published of these books according the the sales.

BID-TO-COVER

In the United States, the number of BIDS received in an auction of TREASURY BILLS, NOTES, or BONDS versus the number actually accepted. The higher the bidtocover ratio the greater the demand

BILATERAL INVESTMENT TREATY

When two countries agree that managers can be of any nationality, investment related transfers are allowed, assets are expropriated as with international law, and access is to arbitration in disputes.

BIOMETRICS

Using electronics to measure the biological characteristics of a person. Refer to biometric authentication.

BLACK MARKET

An illegal market when consumer goods are not easy to find and taxed highly. Prices are either higher than controlled prices or lower due to tax evasion. Black markets have black money.

BLANKET AUTHORIZATION

A contract letting a party do an activity with no approval. A form is signed by the consenting party.

BLIND MARKING

When the markings on a big ticket item to be shipped is hard to read this is placed on the item. It prevents theft.

BLOG

A website like a journal. Entries are made by individuals who write about a subject in a forum.

BLUETOOTH

An open wireless signal used on short distances. It connects all types of devices in the area without a single wire. It has the frequency of 2.45 GHz to get the most

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