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

Category: Finance Dictionary

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

BACKWARD COMPATIBILITY

When newer software can work with the older version. AKA downward compatibility. Refer to upward compatibility.

BALLOON PAYMENT

A payment made on a loan that is highe than the ones before it. It is done at the end of the period. It pays what is left after the last payment.

BARBELL PORTFOLIO

An investment PORTFOLIO comprised of NOTES and BONDS with short and longterm maturities but few, or no, securities with mediumterm maturities. A barbell may be constructed to take advantage of a particular

BARRIERS TO ENTRY

Issues that new firms encounter that prevent or restrict them from entering a market. These issues can be related to the economy, a flooded market, high investment needs, brand competition, and pricing

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.

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