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

BACKWARD LINKAGES

The channels information, material, and money takes in a company. The suppliers and buyers make up a netowrk. Refer to forward linkages.

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.

BACTERIA

A cell that is microscopic. It is single cell and exists everywhere. Only a fraction of them are known to science. They are divided in five groups bacilli, cocci, filamentous, spirilla/spirochetes, and

BADWILL

When a company has a bad business practice that investors find out about. Revenue is lost as well as investors, customers, and suppliers. The market value also goes down. This can also

BAGEL LAND

Stock that will be worth less than a dollar. It is held on to to see if the value will raise.

BAIL

Releasing a prisoner due to a deposit of a security. The person must still appear in court. A civil case allows release but criminal issues are based on the courts discretion. Bail

BAKA YOKE

An older term for poka yoke. The actual meaning is to fool proof.

BALANCE CARRIED FORWARD

The balance from the last billing period that is listed on the next one. It this amount is beyond a limit a fee may be charged.

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

BALANCED QUANTITY

Inventory measure that uses what is needed to make the best level of output.

BALANCED SCORECARD (BSC)

When past good performance is used to predict future performance. The cards do not take in to consideration the environment.

BALL BEARING

When balls serve as friction in a bearing. It is designed to reduce friction.

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.

BALTIC EXCHANGE

The freight market that ships dry bulk cargo. A broker arranges the shipping. It’s situated in London and also sells ships and shipping agreements. It was started in 1744. The full name

BALTIC INDICES

A report of oceanic freight that is used to assess future rates. The dry, wet, and bulk data is used for this calculation.

BANCASSURANCE

Selling insurance to customers of a bank. A wide variety of products are offered.

BAND AID APPROACH

A fast solution to prevent a symptom from showing. The problem is not solved by this action. Refer to quick fix.

BANDWAGON EFFECT

The idea that people will do something simply becasue others are. The individuals own feelings and beliefs are not considered in this action. AKA herd mentality.

BANDWIDTH

The speed signals travel through cable. The width of the pipe is an element in this figure. The analog and digital transmissions are used to calculate this. Digital transmissions require more space

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