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

Category: B

BUREAUCRATIC LEADERSHIP

One of three leadership styles described by Max Weber (1947), along with the charismatic leadership and traditional leadership styles. The bureaucratic leadership style is based on following normative rules, and adhering to

BUSINESS ANALYST

(BA) analyzes the organization and design of businesses, government departments, and non-profit organizations; BAs also assess business models and their integration with technology.

BUSINESS CONTINUITY PLANNING (BCP)

Process of developing advance arrangements and procedures that enable an organization to respond to an event in such a manner that critical business functions continue with planned levels of interruption or essential

BUSINESS FUNCTION

Something an enterprise does, or needs to do, in order to achieve its objectives.

BUSINESS LOGISTICS

The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose

BUSINESS PLAN

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background

BUSINESS RISK

A business (also known as acompany, enterprise, and firm’) is a legally recognized organization designed to provide goods or services, or both, to consumers, businesses and governmental entities. Businesses are predominant in

BUSINESS VENTURE

Venture capital (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually

BUTTONWOOD AGREEMENT

The Buttonwood Agreement, which took place on May 17, 1792, started the New York Stock & Exchange Board (now called the New York Stock Exchange, NYSE). This agreement was signed by twenty-four

BYLINE

The byline on a newspaper or magazine article gives the name, and often the position, of the writer of the article.

BACKFITTING

Adding new equipment to existing workings to make it last longer. AKA retrofitting.

BACKORDER

An order that has to be filled later. The customer knows this and will wait. It is an important figure for customer services and inventory management.

BALANCE PROTECTION

Insurance that makes minimum monthly payments for credit cards. Its done if the insured is injured or unemployed. A percentage of the balance is the premium. It is added as a fee

BANNER

An electronic ad that is hot linked. The graphics are at the top or bottom of the page. It is 468 pixels wide and 60 pixels high. It is about 15 kilobytes

BARONE ADESI & WHALEY MODEL

A mathematical formula used to decide american options value for equity. The black scholes option pricing model is used to help this. AKA quadratic approximation method.

BASIC PREMIUM

The part of premium used for administrative and agents costs.

BEAUTY PARADE

1.when a business choice is made on apperance not facts. 2. a parade of presenters who bid on a job. Their credentials are used to represent them first. Cost estimates and solutions

BELLY OF THE CURVE

The intermediate maturities of the YIELD CURVE, generally considered to include the three to sevenyear sector. See also LONG END, SHORT END.

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