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

Category: Finance Dictionary

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

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

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.