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

Category: Finance Dictionary

BRAND NAME SPECIFICATION

A specification that cites a brand name, model name, model number or some other designation that identifies a specific product as an example of the desired quality of merchandise.

BREAKDOWN

A failure of a relationship or of communication or a collapse of a system of authority due to widespread transgression of the rules.

BRICKS AND MORTAR

Used to denote a business that operates in the physical world rather than over the Internet.

BROADCASTING

The distribution of audio and video content to a dispersed audience via broadcast radio, broadcast television, or other technologies.[vague] Receiving parties may include the general public or a relatively large subset of

BROWNFIELD SITE

Brownfield sites are abandoned or underused industrial and commercial facilities available for re-use. Expansion or redevelopment of such a facility may be complicated by real or perceived environmental contaminations.

BUFFER

In a fiber optic cable, a buffer is one type of component used to encapsulate one or more optical fibers for the purpose of providing such functions as mechanical isolation, protection from

BULL TRAP

Any technically unconfirmed move to the upside that encourages investors to be bullish. Usually precedes important declines and often fools those who do not wait form confirmation by other indicators.

BUNDLING

Tie or roll up (a number of things) together as though into a parcel or sleep fully clothed with another person, particularly during courtship, as a former local custom in New England

BURST STRENGTH

Hydraulic pressure required to burst a vessel of given thickness. Commonly used in testing filament-wound composite structures. Pressure required to break a fabric by expanding a flexible diaphram or pushing a smooth

BUSINESS AUTOMOBILE POLICY

Protection for damages and liability on company and commercial automobiles. This replaces the business auto coverage form.

BUSINESS DAY

A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday to Friday and do not

BUSINESS INCUBATOR

Programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and

BUSINESS MODEL

A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.

BUSINESS PROCESS MANAGEMENT (BPM)

A management approach focused on aligning all aspects of an organization with the wants and needs of clients. Involves the use of appropriate tools and techniques to design, analyze, and manage operational

BUSINESS SECTOR

In economics, the business sector is a subset of the domestic economy excluding the economic activities of general government, private households, and nonprofit organizations serving individuals.

BUY-BACK ALLOWANCE

An agreed sum offered by the seller if the buyer returns (resells) the PRODUCT to him. The buy-back allowance may only be forthcoming against a replacement purchase, and so can be used

BACK END

1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

BACKGROUND CHECK

Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government uses them

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