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

Category: B

BUNGALOW

A low house, with a broad front porch, having either no upper floor or upper rooms set in the roof, typically with dormer windows.

BURSTING BUBBLE PRINCIPLE

When evidence shows that other evidence contradicts the first evidence, the outdated evidence no longer exists.

BUSINESS BONDAGE

A state of feeling inexorably intertwined or even imprisoned by your business. Business bondage is frequently experienced by new entrepreneurs and small-business owners.

BUSINESS DESIGN

An enterprise architecture (EA) is a rigorous description of the structure of an enterprise. EA describes the terminology, the composition of subsystems, and their relationships with the external environment, and the guiding

BUSINESS INFORMATION REPORT

The most widely used D&B Report for credit assessment, the BIR can provide information about a company’s history, payments, finances, operations, and more.

BUSINESS NAME

A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts

BUY-BACK DEDUCTIBLE

A DEDUCTIBLE on an INSURANCE contract that is eliminated through payment of an incremental PREMIUM, thus providing the INSURED with FIRST DOLLAR COVERAGE in the event of a loss.

BACK LETTER

An agreement that lists obligatios and rights that are not on the principal agreement.

BACKWARD FROM PERFECT

When a scenario is built on an imagined future and works backward to see what is needed to get there. Refer to future backward and future forward.

BALTIC EXCHANGE

The freight market that ships dry bulk cargo. A broker arranges the shipping. It’s situated in London and also sells ships and shipping agreements. It was started in 1744. The full name

BARBELL-SHAPED PORTFOLIO

When a portfolio puts a major amount into short and long maturity bonds. The remaining funds are placed on bonds that mature immediately. The graph of this looks like a barbell. Refer

BARRIERS TO EXIT

1.something that stops a firm from leaving uncompetitive markets or removing a nonprofitable product off the market. 2. restrictions put on industries who want to close down or restart. It is made

BATCH LOT

The quality possible under uniform conditions in the operations process.

BEHAVIORAL DATA

Information used to market. Refer to attidudinal data and demographic data.

BELT AND SUSPENDERS

A bank that is cautios about lending. Risk is avoided with redundant safety procedures.

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