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

Category: Finance Dictionary

BUNKER

A hollow filled with sand, used as an obstacle on a golf course or a reinforced underground shelter, typically for use in wartime.

BUS

Transport (a child of one race) to a school where another race is predominant, in an attempt to promote racial integration.

BUSINESS CARD

A small card printed with one’s name, professional occupation, company position, business address, and other contact information.

BUSINESS DRIVERS

The tasks, the information and the people that promote and support the goals of the enterprise. The requirements that describe what the business wants (e.g., more quality data, faster response to queries).

BUSINESS NECESSITY

A legitimate business purpose that justifies an employment practice as valid and necessary for the effective achievement of the organization’s objectives and the safe and efficient operation of the business.

BUSINESS PROCESS REENGINEERING (BPR)

The analysis and design of workflows and processes within an organization. A business process is a set of logically related tasks performed to achieve a defined business outcome. Re-engineering is the basis

BUSINESS SERVICES

A business service is a service (such as email or electronic messaging) delivered to customers by business units that is supported by an IT infrastructure of configuration items (CI).

BUY-DOWN

Obtaining a lower interest rate (buying down the rate) by paying additional points to the lender. The lower rate may apply to the full duration of the loan or just the first

BACK LETTER

An agreement that lists obligatios and rights that are not on the principal agreement.

BACKWARD FROM PERFECT

When a scenario is built on an imagined future and works backward to see what is needed to get there. Refer to future backward and future forward.

BALTIC EXCHANGE

The freight market that ships dry bulk cargo. A broker arranges the shipping. It’s situated in London and also sells ships and shipping agreements. It was started in 1744. The full name

BARBELL-SHAPED PORTFOLIO

When a portfolio puts a major amount into short and long maturity bonds. The remaining funds are placed on bonds that mature immediately. The graph of this looks like a barbell. Refer

BARRIERS TO EXIT

1.something that stops a firm from leaving uncompetitive markets or removing a nonprofitable product off the market. 2. restrictions put on industries who want to close down or restart. It is made

BATCH LOT

The quality possible under uniform conditions in the operations process.

BEHAVIORAL DATA

Information used to market. Refer to attidudinal data and demographic data.

BELT AND SUSPENDERS

A bank that is cautios about lending. Risk is avoided with redundant safety procedures.

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