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

Category: B

BUSINESS INVENTORIES

Inventory goods and materials, or those goods and materials themselves, held available in stock by a business.

BUSINESS OWNER

An individual who owns and operates a business whether it be small or large. This individual also profits from the net gain of the company.

BUSINESS RECOVERY PLANNING (BRP)

This is another part of the business continuity planning executed if a disaster should occur. The whole goal of the planning is to make sure the business will recover at an equal

BUSINESS TAX

Many countries impose corporate tax or company tax on the income or capital of some types of legal entities. A similar tax may be imposed at state or lower levels. The taxes

BUSINESS-USE PROPERTY

Property used for the production of income, such as an office, or using your car for non-commuting business purposes.

BAIL OUT

1. selling too much stock. It shows that the firm may be going under. 2. giving emergency help to a company to keep it going.

BACK TO BACK

Agreements that are linked. Each agreement has the same terms.

BACKLIST

The titles a publisher has that are not on the current list but hidden in the back of a catalog.

BADWILL

When a company has a bad business practice that investors find out about. Revenue is lost as well as investors, customers, and suppliers. The market value also goes down. This can also

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

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