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

Category: B

BUG

Conceal a miniature microphone in (a room or telephone) in order to monitor or record someone’s conversations, a harmful microorganism, as a bacterium or virus or an insect of a large order

BULLPEN

An enclosure for bulls, an exercise area for baseball pitchers, the relief pitchers of a baseball team, an open-plan office area or a large cell in which prisoners are held before a

BURDEN RATE

A cost, usually in dollars per hour that is normally added to the cost of every standard production unit to cover overhead expenses.

BUSBAR

When electrical power is ready to be used for transmission.

BUSINESS CLASS

Also known as executive class or upper class, is a high quality second-tier travel class available on some commercial airlines and rail lines. Its level of accommodation is higher than economy class

BUSINESS ENTITY CONCEPT

The concept that assumes that accounting applies to individual economic units and that each unit is separate and distinct from the persons who supply its assets.

BUSINESS INTERRUPTION

Any event, whether anticipated (i.e., public service strike) or unanticipated (i.e., blackout) which disrupts the normal course of business operations at a corporate location.

BUSINESS OPERATION

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.

BUSINESS STRUCTURE

A legally recognized organizational framework for conducting business in Canada including, but not limited to, a sole proprietorship, general or limited partnership or corporation.

BUSINESS-TO-CONSUMER STRATEGY (B2C STRATEGY)

This is when businesses utilize their marketing strategies such as sending direct mailing ads, ads on the internet and advertising via coupons in the hopes to convert shoppers into loyal buyers.

BIOLOGICAL OXYGEN DEMAND (BOD)

The way organic pollution is measured in water. The bacteria and organisms in water are tested for five days in the dark. The higher the BOD rate the more pollution. If the

BACK PAY

The past wages and benefits an employee can get retroactively. This is illegal in court.

BACKHAUL

1. the way back for a vehicle. A truck can either have a paying load or nonpaying load. 2. any shipment that is sent when on a vehicle on its return trip.

BACKWARDS SCHEDULING

Making a production schedule working back from the due date and time. It shows what is needed when in the project at hand. Refer to forwards scheduling.

BAND AID APPROACH

A fast solution to prevent a symptom from showing. The problem is not solved by this action. Refer to quick fix.

BARE TRUST

When a trustee gives assets to the beneficiary and has no other duty. AKA naked trust and simple trust. Refer to active trust.

BASEBAND

When bandwidth is sent on a single signal. Only one channel is usable at a time. Its cheaper and simpler. Local area networks use this.

BAUM

The denisty scale on hydrometer. It is applied to heavier and lighter than water solutions. It was named after Antione Bauma who invented the scale in 1800.

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