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

Category: B

BILLING

Making an invoice for sales recovery. AKA invoicing. Refer to billings.

BIO MONITORING

1. analyzing a sample of an organism to see if they were exposed to hazardous substances and how much. 2. using live animals to test pollution in an environment.

BLACK BOX TRADING

A trading system investors use as rules for selling and buying signals. The secrecy of this method is appealing to the investors.

BLACKOUT PERIOD

When a survivor stops getting their benefits and starts getting retirement benefits.

BLOCKBUSTER DRUG

A drug that is popular with sales of at least $1B. It can be profitable despite disadvantages. If a side effect is shown dangerous than money is lost. Eventually it will lose

BLUE OCEAN

When a market has a space for development. It was invented by Chan Kim and Renee Mauborgne.

BOOK CLUB

A firm that sells books to members by mail or internet. The member must buy a certain amount of books to get discounts. It is run on an opt in method and

BOOKKEEPING

Recording financial aspects of transactions in accounting books.

BOT

The larva of the botfly, which is an internal parasite of animals. Or a robot.

BOUNDARY ROLES

The function assumed or part played by a person or thing in a particular situation.

BRAND NAME SPECIFICATION

A specification that cites a brand name, model name, model number or some other designation that identifies a specific product as an example of the desired quality of merchandise.

BREAKDOWN

A failure of a relationship or of communication or a collapse of a system of authority due to widespread transgression of the rules.

BRICKS AND MORTAR

Used to denote a business that operates in the physical world rather than over the Internet.

BROADCASTING

The distribution of audio and video content to a dispersed audience via broadcast radio, broadcast television, or other technologies.[vague] Receiving parties may include the general public or a relatively large subset of

BROWNFIELD SITE

Brownfield sites are abandoned or underused industrial and commercial facilities available for re-use. Expansion or redevelopment of such a facility may be complicated by real or perceived environmental contaminations.

BUFFER

In a fiber optic cable, a buffer is one type of component used to encapsulate one or more optical fibers for the purpose of providing such functions as mechanical isolation, protection from

BULL TRAP

Any technically unconfirmed move to the upside that encourages investors to be bullish. Usually precedes important declines and often fools those who do not wait form confirmation by other indicators.

BUNDLING

Tie or roll up (a number of things) together as though into a parcel or sleep fully clothed with another person, particularly during courtship, as a former local custom in New England

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