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

Category: Finance Dictionary

BLUE OCEAN

When a market has a space for development. It was invented by Chan Kim and Renee Mauborgne.

BOOK CLUB

A firm that sells books to members by mail or internet. The member must buy a certain amount of books to get discounts. It is run on an opt in method and

BOOKKEEPING

Recording financial aspects of transactions in accounting books.

BOT

The larva of the botfly, which is an internal parasite of animals. Or a robot.

BOUNDARY ROLES

The function assumed or part played by a person or thing in a particular situation.

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

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