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

Category: B

BANKRUPTCY LAWS

These are laws passed in order to aid creditors to collect money that is owed to them by a bankrupt person or company. See chapter eleven; insolvency laws.

BESEECH

term used to ask for something; to implore; or to seek eagerly.

BLUDGEON

a dangerous weapon or a club made of a heavy wood that sometimes has lead at its centre.

BENEFIT THEORY

the theory that if you back out of an agreement you must see to it that the other party does not suffer from it.

BELONGING TO

This term means that a person has the legal ownership of something.

BESTOW

This means to grant or bequeath something.

BACK CHARGE

When a bill is made to collect on debt from another period. This is due to error or an eligible collection. It is best to avoid this.

BACKFLIP TAKEOVER

A takeover where the buying company is now a subsidiary. This happens when the company bought is larger the the one purchasing it.

BACKSPREAD

An OPTION strategy designed to take advantage of VOLATILITY. A LONG back spread is created through the sale of a smaller quantity of closertothemoney PUT OPTIONS or CALL OPTIONS and the purchase

BALANCED QUANTITY

Inventory measure that uses what is needed to make the best level of output.

BANNER EXCHANGE

Internet advertising that has affiliated sites show eachothers banners. Refer to affiliate marketing and affiliate model.

BARREL BULK

A unit of caro whose volume is 5 Ft3 or 0.141 M3. Eight of these barrels are a freight ton. Twenty of them is a registered ton.

BASING RATE

The point of reference for freight rates that any changes are made to before it arrives at its destination.

BED AND BREAKFAST DEAL

In the UK this is when a holder sells late at night on the end of the financial year. They buy it back the next morning to keep the portfolio going. It

BELLY UP

A failed venture, or a company that has filed for VOLUNTARY BANKRUPTCY or INVOLUNTARY BANKRUPTCY

BENEFIT SEGMENTATION

When the market is segmented by differences in benefits a product has to offer. It tries to define a niche for promotion.

BERTRAND GAME

When two suppliers compete. They choose their own selling price and than meet demand. The cheaper of the two will probably have more customers. Sometimes the demand is split in half. They

BEST INTERESTS

When a party is delegated to take the best action for another party in the current situation. This is done when not all possibilities can be prepared for or when fast choices

BIANNUAL

An alternate term for biennial or twice yearly.

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