The Law Dictionary

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

Category: B

BUILDING LINES

These are the setback lines and the line on the street where you cannot build in front of.

BINDING ARBITRATION

an arbitration where the arbitrating parties must accept all of the findings and decisions of the arbitrator or arbitrators.

BOND-CREDITOR

the term that applies to the creditor who has taken a bond in order to secure his debt.

BUSINESS AGENT

the person who is the representative of a labour union who hears the worker’s grievances.

BREAKING INTO

This term applies to illegally entering any premises with the intention of stealing.

BAILIFF ERRANT

the person who is appointed by a sheriff who will perform acts such as serving summonses, subpoenas etc.

BINDING INSTRUCTION

the instruction by a judge to the jury that they are bound by existing laws in their deliberations and in their ultimate verdict.

BLUDGEON

a dangerous weapon or a club made of a heavy wood that sometimes has lead at its centre.

BULK TRANSFER

This involves the sale of a business or the part of a business is sold for money which will be a fraudulent sale if the creditors are not paid from the proceeds.

BALLOON NOTE

This term applies to an installment loan with interest that provides for a larger final payment that is known as the balloon payment.

BALANCE OF CONVENIENCE

The question is to balance the relief given to the plaintiff against the injury that will be done to the defendant. TLD Example: The court weighed the balance of convenience and opted not

BAILEE FOR HIRE

the term that applies to someone who has property delivered to them in trust for another person. He will get compensated for doing this.

BY DUE PROCESS OF LAW

This means in accordance with the fundamental principles of justice and is in conformity with the usual judicial proceedings. Se due process of law.

BOOTSTRAP SALE

the device where a person converts his ordinary income into a capital gain by selling corporate stock.

BALANCE OF POWER

International matters. Where a country wants to protect itself against a country or countries that may attack it by making alliances with a friendly country.

BYSTANDER

the term given to a person who looks on but has nothing to do with the activity that is in progress.