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

Category: B

BENZENE POISONING

The effect that benzene has through contact with people. It causes dizziness, headaches, and nausea. In very severe cases death by respiratory failure.

BEST ASK

The lowest price a security will sell for.

BEST RATE

The lowest rate that still lets a buyer have convenience.

BIDDING PERIOD

The days leading up to the bid date a perspective bidder can lodge a bid.

BILATERAL DISCHARGE

When a contract is terminated before its completion due to the court. Both parties are released. It can be cancelled with no replacement, it can be replaced, or changed.

BILLINGS

The total bills in a period. Refer to billing.

BIOMASS

1. the amount of living matter in an area. 2. the organic matter that is renewable and available.

BLACK KNIGHT

A raider that makes a bid unwelcome by management. A white knight may be called to rescue the company.

BLANK DRAFT

A draft with no amount or payee name that will be filled out later to previously agreed upon conditions.

BLIND ENTRIES

An easy to keep records about income or expenses. It is used by small businesses mostly.

BLUEPRINT

The drawing of a buildings structure in the construction industry. It is made on blue paper.

BOILING POINT

The temperature when a liquid turns into a gas. For water is is 100 degrees celcuis. A solvent based liquid has a lower boiling point. Flammable liquids have a lower still boiling

BOOK INVENTORY SYSTEM

Inventory control that keeps a running total and new purchases are added to it while sales are subtracted.

BOOLEAN ALGEBRA

Studies binary variables that may only have two values which are true (1) and false (0), and also studies the mathematical operations performed on them. A set of rules known as Boolean

BOTTLENECK

The neck or mouth of a bottle or a point of congestion or blockage, in particular.

BOUTIQUE HOTEL

A term popularized in North America and the United Kingdom to describe intimate, usually luxurious or unique hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized

BRASSBOARD CONFIGURATION

To determine feasibility of the product that is intended, there’s a prototype configured for the testing straight out the laboratory. Also may be compared with breadboard configuration.

BREAKEVEN ANALYSIS

An analysis method used to determine the number of jobs or products that need to be sold to reach a break-even point in a business.

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