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

Category: B

BRANCH AUTOMATION

Form of banking automation that connects the customer service desk in a bank office with the bank’s customer records in the back office. Banking automation refers to the system of operating the

BREAK FORWARD

A FORWARD contract with a feature giving one party the ability to cancel the transaction at a future time in order to complete the underlying deal in the SPOT MARKET; if the

BREAKTHROUGH GOAL

The goal at which an improvement must be made in all aspects of your business that results in a clear competitive advantage.

BROAD FORM

Policies that provide coverage for perils over and above standard perils.

BROMINATED SOLVENT

A chemical reagent which is used in radical substitution and electrophilic addition reactions in organic chemistry. NBS can be considered a convenient source of cationic bromine.

BUDGET AIRLINE

A low-cost carrier or low-cost airline (also known as a no-frills, discount or budget carrier or airline) is an airline that generally has lower fares and fewer comforts. To make up for

BULGE BRACKET

The small group (i.e., less than half a dozen) of SECURITIES FIRMS, INVESTMENT BANKS, and BANKS that control the largest share of global CORPORATE FINANCE and securities UNDERWRITING business. Bulge bracket firms

BUND

Abbreviated form of Bundasanleihem, the broad category of German federal GOVERNMENT BONDS. Bunds, denominated in EUROS, feature maturities of 6 to 30 years (with 10year securities constituting the BENCHMARK) and pay interest

BUREAUCRATIC BALANCE OF POWER PRINCIPLE

When a conflict over alternative policy proposals arises, they tend to be evaluated on the basis of the extent to which they imply an alteration in the relative power positions of the

BUSINESS ANALYSIS

The discipline of identifying business needs and determining solutions to business problems.

BUSINESS CONTINUITY

The activity performed by an organization to ensure that critical business functions will be available to customers, suppliers, regulators, and other entities that must have access to those functions.

BUSINESS FRANCHISE TAX

A franchise tax is charged by a state to corporations and other business entities (LLCs in some states).

BUSINESS PHILOSOPHY

The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or

BUSINESS RESUMPTION

The process in which all operations of a business or firm are restored after a disaster or emergency.

BUSINESS VALUATION

A process and a set of procedures used to estimate the economic value of an owner

BUTTON AD

A graphical advertisment, smaller than a banner ad, typically measuring 120 x 90 pixels.

BYLAW

(Sometimes also spelled by-law or byelaw) can refer to a law of local or limited application, passed under the authority of a higher law specifying what things may be regulated by the

BAIT AND SWITCH

Offering a product that gets customers and than changing it for a pricey one once they agree to purchase.

BAILABLE OFFENSE

A crime that the defendant can be released fore after bail is promised.

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