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

Category: B

BEST TIME

The ratio of how efficient a task can be done in standard time. Its a percentage of the highest performance under conditions.

BIENNIAL

Something occuring every two years. Refer to biennium.

BILATERAL MISTAKE

When both parties make a mistake during a transaction on the same matter at hand.

BILLION

A number with nine 0s. It is also shown as a B after a number.

BIOREMEDIATION

Reducing the contaminants in soil or water. Microorganisms are used to do this by bioaugmentation. They are introduced as a liquid that will cause them to grow. Refer to phytotreatment.

BLACK MONDAYS

The three mondays in three Octobers over 68 years that the Dow Jones plunged causing world wide losses. October 28 1929, October 19 1987, and October 27 1997 are the mondays mentioned.

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.