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

Category: B

BAIT

1. The term used to describe to anger or harass. The term for something used to entice.

BOOKMAKER

a professional betting man who takes bets from many people on different sporting events and then distributes money to the winners.

BENCH LEGISLATION

the decisions of a judge that are contrary to the law and that should have been left to state or federal legislative governments to decide.

BAILEE FOR HIRE

the term that applies to someone who has property delivered to them in trust for another person. He will get compensated for doing this.

BOLERO

AKA Bill of Lading Electronic Registry Organization.

BOOMERANG METHOD

When a customer has objections or doubts, this method relies on turning those around to make the customer make a quick purchase.

BOTTOM LINE

The line in a financial statement that shows net income or loss.

BOX DIAGRAM

A control flow diagram consisting of a rectangle that is subdivided to show sequential steps, if-then-else conditions, repetition, and case conditions.

BRAZING

Form, fix, or join by soldering with an alloy of copper and zinc at high temperature. Also refer to braze.

BREAKFAST INDEX

Serves as a price indicator that can be compared to the consumer price index (CPI). It was created by hard assets investor (HAI), a website devoted to serving investors in tangible assets

BRITISH BROADCASTING CORPORATION (BBC)

A British public service broadcaster, headquartered at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff. Its main responsibility is to

BROKEN DATE

An offtherun COUPON payment date on a FIXED INCOME security, e.g., 28 or 58 days, rather than the conventional 30 or 60 days.

BRUNDTLAND REPORT

Our Common Future, also known as the Brundtland Report, from the United Nations World Commission on Environment and Development (WCED) was published in 1987.

BUILD, LEASE, TRANSFER (BLT)

A public-private partnership (PPP) project model in which a private organization designs, finances and builds a facility on leased public land. The private organization operates the facility for the duration of the

BULLWHIP EFFECT

An observed phenomenon in forecast-driven distribution channels. The concept has its roots in J Forrester’s Industrial Dynamics (1961) and thus it is also known as the Forrester Effect.

BUSHING

A clamp that grips and protects an electric cable where it passes through a metal panel or more generally, a bearing for a revolving shaft.

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