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

Category: B

BREATH ALCOHOL LEVEL (BAC)

Another word for blood alcohol level which is determined to measure someone’s legal limit to drive or operate a motor vehicle.

BROAD FORM PROPERTY DAMAGE ENDORSEMENT

An addition to a general liability policy. A broad form property damage endorsement eliminates the exclusion of property under the care of the insured. A higher premium is most often paid for

BROUGHT FORWARD

The act of bringing a previously recognised value that was determined in the past, e.g. a balance brought forward from the previous accounting period at the start of a new accounting period.

BUDGET FARE

Either a heavily restricted discounted fare of a normal airline or the normal budget.

BULKHEAD

Reinforcement structures that contain the contents of compartments which holds bulk items inside.

BUNDLE

A collection of things, or a quantity of material, tied or wrapped up together. A set of nerve, muscle, or other fibers running close together in parallel.

BUREAUCRATIZATION

The combined organizational structure, procedures, protocols, and set of regulations in place to manage activity, usually in large organizations.

BUSINESS CONTINUITY PROGRAM

Identifies {an} organization’s exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining competitive advantage and value system integrity.

BUSINESS GAME

Also called business simulation game) refers to simulation games that are used at an educational tool for teaching business.

BUSINESS MANAGEMENT

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. TLD Example: One look at the company’s operations

BUSINESS PROCESS

A collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.

BUSINESS RULES

A Business rule is a statement that defines or constrains some aspect of the business. It is intended to assert business structure or to control or influence the behavior of the business.

BUSINESS-TO-BUSINESS (B2B)

(B2B) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G).

BUY AND HOLD

Buy and hold is a long term investment strategy based on the view that in the long run financial markets give a good rate of return despite periods of volatility or decline.

BYPASS TRUST

Trusts are used in the United States as a legitimate tool to circumvent gift tax, and to minimize taxation of assets upon death of a married couple.

BIOLOGIC MONITORING

Studying specimens to see how a substance affects the body. It will than be decided to be toxic or helpful. AKA biological monitoring.

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

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