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

Category: B

BERNE CONVENTION

An international copyright treaty. It addresses treatment, protection, and forbids imposition on certain types of literary work. It was signed in 1886 and revised in 1914, 1928, 1948, 1967, 1971, and 1979.

BETTER BUSINESS BUREAU

A US organizatoin that rates the ethical performances of busniesses. They award a business with good customer relations and a high level of trust.

BIG FOUR

The largest firms for accounting. They handle public and private companies. They are Deloitte Touche Tohmatsu, Price water house coopers, Ernst & Young, and PMG. It started in 2002 after 8 merged

BINARY OPTION

An option that has a fixed pay off that starts when an index moves beyond a range. AKA all or nothing option, bet option, digital option, or one touch option.

BIOTHERMAL ENERGY

Any energy that comes from composting biological materials. It produces heat and methane that is an alternate to natural gas. It will take more research to make this a more convenient option.

BLACK TUESDAY

The day October 29, 1929 that was the end of the market crash. Refer to black thursday.

BLEEDING A PROJECT

Charging extra fees and expenses to make the price more inflated. Or putting family on the payroll to get the most money possible. Or when an owner won’t do basic repairs to

BLOCK LIMIT

The maximum amount of INSURANCE an INSURER is willing or able to UNDERWRITE in a given metropolitan city block. Block limits are often used in areas that are deemed susceptible to CATASTROPHIC

BLOTTER

A transaction record that covers a specific time period in an organization. Or a paper that prevents ink from bleeding between copies.

BODY COPY

The text part of an ad that communicates the message. A copywriter usually writes this for the company advertising.

BOND RATINGS

The ratigs used based on risk. The ratings are AAA, AA, A, BBB, BB, B, CCC, CC, C, DDD, DD, and D. The AAA is best and the D is worse ratings.

BORDERLINE RISK

When an applicant is of less than presentable quality according to set standards.

BOTULINUM COOK

The degree of heat required to ensure destruction of (virtually) all spores of Clostridium botulinum, the causative organism of botulism, which are the most resistant of bacterial spores.

BRAIN TRUST

A group of experts appointed to advise a government or politician.

BREADTH OF THE MARKET THEORY

Used to gauge the number of stocks advancing and declining for the day. If the breadth indicator is strong, this theory predicts that the market will be rising and vice versa.

BREAKTHROUGH

A sudden, dramatic, and important discovery or development, esp. in science

BROAD EVIDENCE RULE

A rule allowing a wide scope of information to be used in determining the ACTUAL CASH VALUE of property that has been damaged or destroyed and which is subject to a CLAIM

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