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

Category: Finance Dictionary

BATCH

1.the goods produced in a single run. 2. data treated as a unit in a procedure.

BELOW THE LINE

1. items not in the account total. They have no effect on gain or loss in the period. 2. using promotional methods that the marketer controls. No commission is earned by the

BENIGN

A condition that has no cancer or harm. It is not a concern health wise.

BID DIVISION

When several parts of a job are separated so different bids can take on the job.

BILATERAL CLEARING AGREEMENT

Trading done between government agencies for a limited time. Its expressed in the major currency even though both countries get paid their currency. It is disruptive according to the free trade.

BILLING LAG

The days between costs and invoicing them. It is the time it takes data to process.

BIOCIDE

Anything that kills life forms when it is placed on them.

BLACK ECONOMY

An untraceable untaxable deal that is not affecting the GDP.Third world and first world countries use this cash based system. They are kept in secret books. It is illegal but helps survival

BLAME CULTURE

When an organization has the attitude of not taking risk or responsibility. This is common when fear of prosecution or criticism is present.

BLIND EMBOSSING

Making raised logos on paper that uses no ink. Two metal dies are used to create this look. When paper is between the dies the embossing ocurs. Refer to heat embossing.

BLOCKING SOFTWARE

A program that does not access certain websites. This is done according to content or an address.

BOILERPLATE

1. content that is made to fit many uses. 2. a legal language institutions use printed on the back of a contract or bill. Big law firms write them and they are

BOOK ENTRY

A notation of a transaction on accounting books.

BOOKS OF FINAL ENTRY

Ledgers that are handled manually that the book of original entry is transfered to. For computerized accounting it is automatically transferred.

BOTTLE

Refer to jar. A narrow opening container that is enclosed with a cap to hold contents.

BOUTIQUE

An INVESTMENT BANK that specializes in a particular area of business, such as CORPORATE FINANCE, LEVERAGED BUYOUTS, or MERGERS and ACQUISITIONS. Boutiques do not offer the full range of investment banking services

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