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

Category: Finance Dictionary

BACKWARDS SCHEDULING

Making a production schedule working back from the due date and time. It shows what is needed when in the project at hand. Refer to forwards scheduling.

BAND AID APPROACH

A fast solution to prevent a symptom from showing. The problem is not solved by this action. Refer to quick fix.

BARE TRUST

When a trustee gives assets to the beneficiary and has no other duty. AKA naked trust and simple trust. Refer to active trust.

BASEBAND

When bandwidth is sent on a single signal. Only one channel is usable at a time. Its cheaper and simpler. Local area networks use this.

BAUM

The denisty scale on hydrometer. It is applied to heavier and lighter than water solutions. It was named after Antione Bauma who invented the scale in 1800.

BELBIN TEAM ROLES

People that are profiled by type when in a team. An action oriented role starts, plans, and finishes what they plan. A people oriented role coordinates, investigates, and works in the team.

BERLIN WALL

A wall built in 1961 to separate West Berlin and East Germany. It was a reminder of the iron curtain and taken down in 1989.

BEST TIME

The ratio of how efficient a task can be done in standard time. Its a percentage of the highest performance under conditions.

BIENNIAL

Something occuring every two years. Refer to biennium.

BILATERAL MISTAKE

When both parties make a mistake during a transaction on the same matter at hand.

BILLION

A number with nine 0s. It is also shown as a B after a number.

BIOREMEDIATION

Reducing the contaminants in soil or water. Microorganisms are used to do this by bioaugmentation. They are introduced as a liquid that will cause them to grow. Refer to phytotreatment.

BLACK MONDAYS

The three mondays in three Octobers over 68 years that the Dow Jones plunged causing world wide losses. October 28 1929, October 19 1987, and October 27 1997 are the mondays mentioned.

BLANKET ORDER

An order that is valid for a fixed time, quantity, and price. Supplies will be sent as they are needed without need to call for it.

BLIND POOL

A fund that lets investors give capital with no specific assets to purchase. They won’t know what they are buying just that they are buying in.

BLOOD ALCOHOL CONCENTRATION (BAC)

The amount of alcohol in the blood stream. It shows how intoxicated the person is and if its in the legal limit. This limit can vary from state to state and body

BLU-RAY

A storage device that has high quality video. Sony invented this format of DVD. A special player is needed.

BOLERO

AKA Bill of Lading Electronic Registry Organization.

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