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

Category: Finance Dictionary

BEIGE BOOK

A report the Federal Reserve makes to show the economic conditions. 12 Federal Reserve Banks send the data on their own summaries. Its a big market indicator and changes monetary policy.

BENEFACTOR

An individual who financially assists another individual, such as someone who contributes to charitable organizations, or a family member that provides cash to another family member for school, etc.

BERLE-MEANS THESIS

When a board of directors is placed in charge. The owners rely on them to run things for them. Ownership and control are separated.

BEST SELLER

A book that sells large numbers in a period of time. A list is published of these books according the the sales.

BID-TO-COVER

In the United States, the number of BIDS received in an auction of TREASURY BILLS, NOTES, or BONDS versus the number actually accepted. The higher the bidtocover ratio the greater the demand

BILATERAL INVESTMENT TREATY

When two countries agree that managers can be of any nationality, investment related transfers are allowed, assets are expropriated as with international law, and access is to arbitration in disputes.

BIOMETRICS

Using electronics to measure the biological characteristics of a person. Refer to biometric authentication.

BLACK MARKET

An illegal market when consumer goods are not easy to find and taxed highly. Prices are either higher than controlled prices or lower due to tax evasion. Black markets have black money.

BLANKET AUTHORIZATION

A contract letting a party do an activity with no approval. A form is signed by the consenting party.

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.

BOOMERANG METHOD

When a customer has objections or doubts, this method relies on turning those around to make the customer make a quick purchase.

BOTTOM LINE

The line in a financial statement that shows net income or loss.

BOX DIAGRAM

A control flow diagram consisting of a rectangle that is subdivided to show sequential steps, if-then-else conditions, repetition, and case conditions.

BRAZING

Form, fix, or join by soldering with an alloy of copper and zinc at high temperature. Also refer to braze.

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