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

Category: B

BRITTLENESS

A material is brittle if, when subjected to stress, it breaks without significant deformation (strain). Brittle materials absorb relatively little energy prior to fracture, even those of high strength.

BROKERAGE GENERAL AGENT

An independent firm or contractor working for an insurance company whose main function is to sell one or more insurance products to select insurance brokers.

BUBBLE COMPANY

A company whose valuation greatly exceeds that suggested by its fundamentals. The first well-documented bubble company was the South Sea Company, which caused the South Sea Bubble in 1720. A bubble company

BUILDING SERVICE CONTRACT

When an arrangement is made to upkeep and repair services and equipment such as AC, building maintenance and janitorial services. Other services might include landscaping, window washing and other commodities.

BUMPING

Knock or run into someone or something, typically with a jolt, meet by chance, hurt or damage (something) by striking or knocking it against something else, cause to collide with something, move

BUREAU OF ECONOMIC ANALYSIS

(BEA) is an agency in the United States Department of Commerce that provides important economic statistics including the gross domestic product of the United States.

BUSINESS ACTIVITY

Umbrella term covering all the functions, processes, activities and transactions of an organisation and its employees. Includes public administration as well as commercial business.

BUSINESS COMBINATION

Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smaller companies into much larger ones.

BUSINESS EXPENSES

Charges for business phone calls, faxes, and telegrams; emergency clothing, equipment, or supply purchases that are job related.

BUSINESS JUDGMENT RULE

Standard for imposing liability on directors of corporation; they must give time and thought to decisions.

BUSINESS RECOVERY RISK

The RISK of loss arising from a temporary disruption in business activities due to lack of accessibility to physical infrastructure. Business recovery risk is typically firm, business or productspecific and generally not

BUSTED CONVERTIBLE

ACONVERTIBLE BOND that stands little or no chance of being converted into the issuer

BUY-SELL AGREEMENT

Also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or

BLEND FUND

When a fund has different funds in it to make it more profitable.

B CHANNEL

A channel for second quality goods to be sold. Some of the goods were simply returned.

BACKBONE

The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of the company.

BACKLOAD

A load carried by a truck that is does not pay.

BAGEL LAND

Stock that will be worth less than a dollar. It is held on to to see if the value will raise.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.