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

Category: Finance Dictionary

BESSEMER PROCESS

When air is pushed into a furance burning off impurities. It makes pig iron more pure. It is the old method of steal manufacturing.

BEST PRACTICABLE ENVIRONMENTAL OPTION (BPEO)

The UK practice of controlling pollution without penalties. The costs of pollution are covered by economic benefits. It allows more that would be standard emissions. AKA best practicable means.

BID DATE

A date and time a bid is to be submitted by. AKA bid time.

BILATERAL

Something that affects two parites. Refer bilateral contract, bilateral modification, bilateral monopoly, and bilateral rights.

BILLING

Making an invoice for sales recovery. AKA invoicing. Refer to billings.

BIO MONITORING

1. analyzing a sample of an organism to see if they were exposed to hazardous substances and how much. 2. using live animals to test pollution in an environment.

BLACK BOX TRADING

A trading system investors use as rules for selling and buying signals. The secrecy of this method is appealing to the investors.

BLACK-SCHOLES MODEL

A closedform OPTION pricing model developed by Black and Scholes to value EUROPEAN OPTIONS on nonDIVIDEND paying COMMON STOCKS. The BlackScholes framework generates option prices based on a series of assumptions including

BLIND CERTIFICATE

A certificate that is digital. There is no identifying informtion on it about the party it certifies. It is used to transmit verified anonymous information about a transaction.

BLOCKBUSTING

Helping individuals into areas outside of their ethinic background. The current residents will sell and lower the prices of homes. A broker can buy their property for cheap and sell for higher

BLUE SHIELD

An insurance plan that covers surgical and medical bills. It is usually grouped with blue cross to cover all costs.

BOILER ROOM

When a salesperson uses hard selling to sell niave parties over the phone. They often lie to the people they talk to.

BOOKMARK

1. a feature on the internet browser that lets a user see a site they visited before. A saved link is used. AKA favorites. 2. Inserting a placeholder to go back to

BOTANICALS

A substance obtained from a plant and used as an additive, esp. in gin or cosmetics.

BOURSE

This is simply a stock exchange in the French language.

BRAND RECOGNITION

The extent to which the general public (or an organization’s target market) is able to identify a brand by its attributes.

BREAKDOWN MAINTENANCE

When employees are reactive to equipment failure and effectuate repairs only after a failure has occurred on a piece of equipment. Frequently, breakdown maintenance requires a maintenance prioritization system. These systems frequently

BRIDGE LOAN

A temporary LOAN granted by a BANK to a corporate or sovereign borrower, generally intended to be replaced by longerterm or permanent financing from the CAPITAL MARKETS. Bridge loans may be secured

BROADSHEET

The largest of the various newspaper formats and is characterized by long vertical pages (typically 22 inches / 559 millimetres or more). The term derives from types of popular prints usually just

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