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

Category: B

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.

BILL PRESENTMENT

1. giving a bill of exchange to a bank to be accepted as payment. 2. sending an electronic invoice so a customer can review charges before making a payment.

BINGO CARD

An ad sent in the mail that is the size of a post card. It has a space for a stamp on it as wel as the advertisers address.

BLACKBERRY ADDICTION

Using a blackberry too much. The device must be handy at all times even if its inappropriate.

BLENDING

Merging term and ordinary life insurance.

BLOCK TRADE

A lot of stocks and bonds that are traded in one transaction. That can be 10,000 shares or a bond value of $500,000.

BLUE COLLAR

An employee who does physical labor in a factory or workshop. The result of the labor is a tangible item. Refer to white collar.

BODY-MASS INDEX (BMI)

The thickness of an adult. The body weight and height are used for this number. A BMI of 19 or less is underweight. A BMI of 20-24 is average. A BMI of

BONUS-MALUS SYSTEM

A program that gives negative bonus for a poor job done. If an employee doesn’t meet objectives they are fined. Its not a popular motivation system.

BOOKEND

Two commercials that are similar. One is played at the start and ed of a commercial break. It helps increase recall.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.