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

Category: B

BUSINESS SERVICES

A business service is a service (such as email or electronic messaging) delivered to customers by business units that is supported by an IT infrastructure of configuration items (CI).

BUY-DOWN

Obtaining a lower interest rate (buying down the rate) by paying additional points to the lender. The lower rate may apply to the full duration of the loan or just the first

BACK MATTER

An additional section at the end of a book. It is placed after the main text.

BACKGROUND VARIABLE

A nonsignificant variable in a calculation or experiment. It has no effect on the outcome.

BALTIC INDICES

A report of oceanic freight that is used to assess future rates. The dry, wet, and bulk data is used for this calculation.

BARCODE READER

A device that scans barcodes with a laser. They work on short distances and don’t give out of line of sight reading. AKA barcode scanner or scanner.

BASE

1. a compound that reacts with acid to neutralize it. The result is water and salt. 2. a single digit symbol in a number system. 3. a numer raised to a power.

BATCH SIZE

How many products can be made. It is used in inventory calculation.

BEHAVIORAL SCHOOL OF MANAGEMENT

The idea that psychological methods work better as motivation. Refer to contingency school of management, quantitative school of management, and systems school of management.

BENZENE POISONING

The effect that benzene has through contact with people. It causes dizziness, headaches, and nausea. In very severe cases death by respiratory failure.

BEST ASK

The lowest price a security will sell for.

BEST RATE

The lowest rate that still lets a buyer have convenience.

BIDDING PERIOD

The days leading up to the bid date a perspective bidder can lodge a bid.

BILATERAL DISCHARGE

When a contract is terminated before its completion due to the court. Both parties are released. It can be cancelled with no replacement, it can be replaced, or changed.

BILLINGS

The total bills in a period. Refer to billing.

BIOMASS

1. the amount of living matter in an area. 2. the organic matter that is renewable and available.

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