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

Category: B

BALANCE OF CONVENIENCE

The question is to balance the relief given to the plaintiff against the injury that will be done to the defendant. TLD Example: The court weighed the balance of convenience and opted not

BENEFIT OF COUNSEL

This the right that the accused has to be represented by an attorney who will be given ample time to study and to prepare the defence for his client.

BLUE SKY LAW

a statute that prevents selling the stock of a fraudulent company.

BALANCE OF POWER

International matters. Where a country wants to protect itself against a country or countries that may attack it by making alliances with a friendly country.

BACHELOR’S DEGREE

A degree a student gets after 8 semesters or 120 credit hours. It is undergraduate work and can be in any major. There are bachelors of science, art, and fine arts. This

BACK-END SYSTEM

A computer or computers that do calculation heavy operations for corporations.

BACKLOG TRAP

The negative effect that pending work puts on operations. When one element of the system is not available it holds up production.

BALANCE CARRIED FORWARD

The balance from the last billing period that is listed on the next one. It this amount is beyond a limit a fee may be charged.

BANKRUPTCY REMOTE

How a company compares its status to another company in the same group. It prevents debt relief from being taken on by the group. This works for an established business not start

BASIC ORDERING AGREEMENT

A contract between buyer and seller. It lists the terms for the period, prices, and special instructions.

BELLY CARGO

Cargo placed under the main deck of an aircraft or ship. Refer to deck cargo.

BENEFIT PERIOD

The period money or benefits are paid to the insured or their dependents.

BERTH

1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.

BEST EFFORTS

1.stating that a certian result won’t necessarily occur. Good faith promises that it will get as close as is humanly possible. 2. A high standard that if it isn’t met is excusable.

BEYOND CHARGE

A charge on freight that covers costs fo getting the cargo from the port to the destination.

BIG THREE

The three main US auto manufacturers. They are General Motors, Ford, and Chrysler.

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