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

Category: Finance Dictionary

BREAK-EVEN LEASE PAYMENT

The lease payment at which a party to a prospective lease is indifferent between entering and not entering into a lease arrangement.

BRITISH BANKERS ASSOCIATION (BBA) RATE

The official INTEREST RATES quoted for FORWARD RATE AGREEMENTS traded in the London market. BBA rates are quoted for various forward starting periods in the world

BROCHURE RULE

Under the Investment Advisor’s Act of 1940, the Brochure Rule requires federally registered investment advisors provide a written disclosure statement to their clients at specified times during the advisory process.

BROWSING

Survey objects casually, esp. goods for sale, scan through a book or magazine superficially to gain an impression of the contents, read or survey (data files), typically via a network or (of

BUG

Conceal a miniature microphone in (a room or telephone) in order to monitor or record someone’s conversations, a harmful microorganism, as a bacterium or virus or an insect of a large order

BULLPEN

An enclosure for bulls, an exercise area for baseball pitchers, the relief pitchers of a baseball team, an open-plan office area or a large cell in which prisoners are held before a

BURDEN RATE

A cost, usually in dollars per hour that is normally added to the cost of every standard production unit to cover overhead expenses.

BUSBAR

When electrical power is ready to be used for transmission.

BUSINESS CLASS

Also known as executive class or upper class, is a high quality second-tier travel class available on some commercial airlines and rail lines. Its level of accommodation is higher than economy class

BUSINESS ENTITY CONCEPT

The concept that assumes that accounting applies to individual economic units and that each unit is separate and distinct from the persons who supply its assets.

BUSINESS INTERRUPTION

Any event, whether anticipated (i.e., public service strike) or unanticipated (i.e., blackout) which disrupts the normal course of business operations at a corporate location.

BUSINESS OPERATION

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.

BUSINESS STRUCTURE

A legally recognized organizational framework for conducting business in Canada including, but not limited to, a sole proprietorship, general or limited partnership or corporation.

BUSINESS-TO-CONSUMER STRATEGY (B2C STRATEGY)

This is when businesses utilize their marketing strategies such as sending direct mailing ads, ads on the internet and advertising via coupons in the hopes to convert shoppers into loyal buyers.

BACK PAY

The past wages and benefits an employee can get retroactively. This is illegal in court.

BACKHAUL

1. the way back for a vehicle. A truck can either have a paying load or nonpaying load. 2. any shipment that is sent when on a vehicle on its return trip.

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.

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