The Law Dictionary

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

Category: B

BODY LANGUAGE

Nonverbal communications sent by a person to another person. AKA kinesic communications. Refer to nonverbal communication.

BOND FUTURE

An INTEREST RATE FUTURES contract, bought or sold via an EXCHANGE, which references a mediumterm or longterm GOVERNMENT BOND rate. See also DEPOSIT FUTURE.

BOND REFINANCING

Issuing new bonds to replace oustanding ones. This is done before or at maturity.

BONDING OF EMPLOYEES

An agreement that states a company gets their payment for damages if one or more employees cause loss to the insured.

BOOK TO BILL (BO/BI)

The orders booked and delivered in a period of time. The trend is determined. If greater than 1 its improvement but less is a fall in performance.

BOOLEAN ALGEBRA

Studies binary variables that may only have two values which are true (1) and false (0), and also studies the mathematical operations performed on them. A set of rules known as Boolean

BOSTON PLAN

A plan where insurers agree that they will not reject property coverage on residential buildings in a slum area. Insurers agree to accept the coverage until there has been an inspection and

BOTTOM-UP PLANNING

Strategy used in corporate planning whereby information is gathered from sales personnel, product managers, advertising personnel, and other members working in the organizational unit to set goals and create a marketing plan.

BOUTIQUE HOTEL

A term popularized in North America and the United Kingdom to describe intimate, usually luxurious or unique hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized

BRANCH OFFICE MANAGER (BOM)

The person who is responsible for the smooth function of an office or subsidiary that exists and conducts operations in a place other than where the company is headquartered. The branch office

BRAND NAME

A name given by the maker to a product or range of products, esp. a trademark.

BREACH OF CONTRACT

Failure to live up to the terms of a contract. The failure may provoke a lawsuit, in which an aggrieved party asks a court to award financial compensation for the loss brought

BREAKEVEN

A point where any difference between plus or minus or equivalent changes side.

BREAKTHROUGH

A sudden, dramatic, and important discovery or development, esp. in science

BRITISH BANKERS ASSOCIATION (BBA) RATE

The official INTEREST RATES quoted for FORWARD RATE AGREEMENTS traded in the London market. BBA rates are quoted for various forward starting periods in the world

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

BROKERAGE GENERAL AGENT

An independent firm or contractor working for an insurance company whose main function is to sell one or more insurance products to select insurance brokers.

BROWSER

A person who looks casually through books or magazines or at things for sale, an animal that feeds mainly on high-growing vegetation or a program with a graphical user interface for displaying

BUDGET ESTIMATE

Estimates of government spending on various sectors during the year, together with an estimate of the income in the form of tax revenues. These estimates contain an estimate of Fiscal Deficit and

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