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

Category: B

BANDWIDTH

The speed signals travel through cable. The width of the pipe is an element in this figure. The analog and digital transmissions are used to calculate this. Digital transmissions require more space

BARGAIN PURCHASE OPTION

When a leasee can buy the asset leased at the end of the term. The price is lowver than fair market value. If noncancelable lease has this clause it is a capital

BASIC

It stands for beginners all purpose symbolic instruction code. It makes it easy for a user to interact with a program. Microsoft turned this into DOS and visual basic programs. It acts

BELL CURVE

A curve shaped like a bell that indicates normal distribution.

BERMUDA OPTION

An OPTION that can only be EXERCISED on specific dates prior to maturity (e.g., once every month, quarter, or year). Also known as a MIDATLANTIC OPTION. See also AMERICAN OPTION, EUROPEAN OPTION.

BEST BEFORE DATE

A date on food items. It tells when the item will spoil if kept under recommended conditions. Refer to use by date.

BETA

1. The UK classification of the most traded stocks. 2. The US measurement of risk and volatility of the stock market based on the standards. Each stock is given a standard amount

BIG BEAST

A person who seems larger than life in their field.

BILATERAL MONOPOLY

When the market has one buyer and one seller. Its common in intermediate states in production. A monopoly or monopsoly is different than this term.

BILLIONTH

A single part in a billion. The fraction for it is 1/1,000,000,000.

BIOTA

Any nonhuman life in the geographical area.

BLACK SCHOLES OPTION-PRICING MODEL

How European options are valued for the sake of equities. The stocks volatility, price, dividends, interest rates, and expiration are used. The assumptions used are no dividend pay, simultaneous trading, no commissions,

BLAST FURNACE

A metal cylinder that is lined with bricks used to remove impurities from iron. High air pressure is pushed through the bottom to make the process of purification faster.

BLOATWARE

A software application that takes up too much space with its useless extra features. It is often poorly written.

BLOOM

A rectangle or almost square metal form that is not finished. It is between the stages of ingot and billet. It is 15 to 20 feet long and 36 In2. The rolling

BOARDING PASS

A form passengers are given when boarding a transportation vehicle. Their seat number is on the pass to show its reserved for them.

BOND

1.a signed promise to pay an amount to do something on a date. Documents like contracts and loan agreements are bonds. 2.a contract with three parties. One party gives guaranty to a

BOOK SIZE

The size a book takes up when closed and lieing on its back. It is measured head to tail and from spine to the edges of a cover. There is no standard

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