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

Category: B

BANQUE D

In France, a MERCHANT BANK that invests its own CAPITAL in support of CORPORATE FINANCE transactions and engages in securities UNDERWRITING and TRADING.

BARRIER MATERIAL

Material used to make barrels. It is meant to stop leaking of gas, liquid, and radiation.

BASIS

1.the days in a year used for interest computation. 2. when adjustments are made between currencies. 3. the price difference between the cash and futures market for an asset. 4. the purchase

BED AND BREAKFASTING

In the UK markets, the practice of selling COMMON STOCK of a company on one day and repurchasing it the following day in order to establish a gain or loss for tax

BELOW COST

Acknowledging an expense when it is incurred. When paid the tranaction is recorded.

BENEFIT TRIGGERS

The conditions that must be met before any benefits are paid to the party.

BERYLLIUM (BE)

A metal found in alloys that is toxic. It is used in aircrafts, rockets, missiles, spacecrafts, and nuclear reactors. If exposed for less than 50 days poisoning occurs. The result is fatality

BIBLIOGRAPHY

Books or articles that are related to a subject or author. This can be an annotated bibliography as well. A large bibliography is published as a book sometimes.

BIG UGLIES

COMMON STOCK issued by companies in industrial sectors that are not considered to be

BILLBOARD

1. an announcement that identifies the sponsors of the advertising. It is shown at the end or the beginning or a program on TV or radio. 2. A large outdoor sign that

BINOMIAL DISTRIBUTION

When something can end only two ways. It is either better or worse, yes or no, or head or tail for example. If the success probability is known than a calculation can

BLACK BOX

Any device whose inputs and outputs are known but not well. The process may not be fully understood or known due to a confidentiality need. Refer to white box.

BLACK-BOX ACCOUNTING

Accounting showing income and expenses in a not normal way. This is done to bury financial issues.

BLIGHTED AREA

An area like a city with abandoned buildings or in disrepair. Refer to browfield site or greenfield site.

BLOCK TRADING FACILITY (BTF)

A facility offered by certain FUTURES EXCHANGES where two parties agree to cross (buy/sell) a large transaction away from the exchange in order not to skew prices. Once a transaction is concluded

BLUE CROSS

Insurance that covers hospital treatments with some restrictions. Refer to blue shield.

BOGEY

The slang way of refering to the performance of an investment.

BONUS-PENALTY CLAUSE

A bonus offered for completing a project without cost overruns. A penalty is charged in the amount of any overcharges. The carrot and stick approach keeps projects on budget and schedule.

BOOKING

The arrangement with a customer and their goods that is a complete sale. AKA reservation and transaction.

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