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

Category: Finance Dictionary

BACKFITTING

Adding new equipment to existing workings to make it last longer. AKA retrofitting.

BACKORDER

An order that has to be filled later. The customer knows this and will wait. It is an important figure for customer services and inventory management.

BALANCE PROTECTION

Insurance that makes minimum monthly payments for credit cards. Its done if the insured is injured or unemployed. A percentage of the balance is the premium. It is added as a fee

BANNER

An electronic ad that is hot linked. The graphics are at the top or bottom of the page. It is 468 pixels wide and 60 pixels high. It is about 15 kilobytes

BARONE ADESI & WHALEY MODEL

A mathematical formula used to decide american options value for equity. The black scholes option pricing model is used to help this. AKA quadratic approximation method.

BASIC PREMIUM

The part of premium used for administrative and agents costs.

BEAUTY PARADE

1.when a business choice is made on apperance not facts. 2. a parade of presenters who bid on a job. Their credentials are used to represent them first. Cost estimates and solutions

ADD-ON

A NEW ISSUE of COMMON STOCK for a company that has already completed an INITIAL PUBLIC OFFERING. The addon increases the issuer

ADVERGAME

A video game with advertisements in it. Some games sole purpose is to advertise. Other times a sponsor is advertised. The internet has helped raise this type of advertisement.

ADVISORY BOARD OF DIRECTORS

Parties in a company appointed to advise on a borad of directors. They are not legally responsible for what happens or are they elected.

AGENT’S TORT

The nonagent party is liable for their agent’s actions. This is for normal day to day business.

AIR CARGO

Any good that gets to its destination by air. The incorrect term for it is air freight.

AIRPLAY

When a record is played in radio or TV. The more it is played the more popular the record is.

ALKALOSIS

When body fluids and tissues become more alkaline than usual. It is caused by acid alkali level regulators failing in the blood stream.

ALLERGY

A medical condition caused by allergens or an allergic reaction.

ALTERATIONS

Any changes done to a building in the remodeling process. AKA alterations and extensions.

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