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

Category: B

BLOWOUT

The rapid sale of a new issue of securities, leaving the UNDERWRITERS with no residual RISK position after BREAKING SYNDICATE.

BODY SIZE

The standard size of the font in the body. The top of the tallest letter and the bottom of the lowest letter is used for the measurement. It is expressed in points.

BONUS DEPRECIATION

A US taxpayer can take 50% of an assets value during its year in service. The rest is a regular depreciation amount in the taxes. Any asset bought after December 31, 2007

BOOKABLE ROUTE

The journey a carrier can take. It can involve more than one vehicle.

BOSS

A person in charge of a worker or organization. A round knob, stud, or other protuberance, in particular. A cow.

BOULWARISM

Boulwarism is a negotiation tactic named after General Electric’s former vice president Lemuel Boulware, who pioneered the strategy.

BRANCH OFFICE MANAGER (BOM)

The person who is responsible for the smooth function of an office or subsidiary that exists and conducts operations in a place other than where the company is headquartered. The branch office

BREAKAGE

The action of breaking something or a thing that has been broken.

BREATH ALCOHOL LEVEL (BAC)

Another word for blood alcohol level which is determined to measure someone’s legal limit to drive or operate a motor vehicle.

BROAD FORM PROPERTY DAMAGE ENDORSEMENT

An addition to a general liability policy. A broad form property damage endorsement eliminates the exclusion of property under the care of the insured. A higher premium is most often paid for

BROUGHT FORWARD

The act of bringing a previously recognised value that was determined in the past, e.g. a balance brought forward from the previous accounting period at the start of a new accounting period.

BUDGET FARE

Either a heavily restricted discounted fare of a normal airline or the normal budget.

BULKHEAD

Reinforcement structures that contain the contents of compartments which holds bulk items inside.

BUNDLE

A collection of things, or a quantity of material, tied or wrapped up together. A set of nerve, muscle, or other fibers running close together in parallel.

BUREAUCRATIZATION

The combined organizational structure, procedures, protocols, and set of regulations in place to manage activity, usually in large organizations.

BUSINESS CONTINUITY PROGRAM

Identifies {an} organization’s exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining competitive advantage and value system integrity.

BUSINESS GAME

Also called business simulation game) refers to simulation games that are used at an educational tool for teaching business.

BUSINESS MANAGEMENT

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. TLD Example: One look at the company’s operations

BUSINESS PRACTICE

Essential features of processes needed to effect standard operating procedures in a consistent manner.

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