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

BANNER EXCHANGE

Internet advertising that has affiliated sites show eachothers banners. Refer to affiliate marketing and affiliate model.

BANQUE D

In France, a MERCHANT BANK that invests its own CAPITAL in support of CORPORATE FINANCE transactions and engages in securities UNDERWRITING and TRADING.

BANQUET ROOM

A big hotel room that the public can use and serve food in. AKA banqueting room and function room.

BAPTISM BY FIRE

An event that means success or failure for a company or party. This is common for new companies.

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

BARBELL-SHAPED PORTFOLIO

When a portfolio puts a major amount into short and long maturity bonds. The remaining funds are placed on bonds that mature immediately. The graph of this looks like a barbell. Refer

BARCODE READER

A device that scans barcodes with a laser. They work on short distances and don’t give out of line of sight reading. AKA barcode scanner or scanner.

BARCODE SYMBOL

The strips printed next to eachother on a barcode. Each bar is a number that is ready by a scanner. A computer matches the number with an item in its records. There

BARE TRUST

When a trustee gives assets to the beneficiary and has no other duty. AKA naked trust and simple trust. Refer to active trust.

BAREBOAT CHARTER

A charter when the charterer leases a vessel with no crew. A crew is chosen by the party leasing. AKA dry lease.

BARGAIN PURCHASE OPTION

When a leasee can buy the asset leased at the end of the term. The price is lowver than fair market value. If noncancelable lease has this clause it is a capital

BARGE

A boat that is flat. It travels canals and rivers. It is uncovered and can be pushed or towed.

BARINGS BANK

A bank started in 1762. It was most stable in the world for a long time. In 1995 it collapsed because Nick Leeson did unauthorised trading. It was bought by ING.

BAROMETER

A tool that measures atmospheric pressure with mercury. The two types are mercury and aneroid barometers.

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.

BARREL BULK

A unit of caro whose volume is 5 Ft3 or 0.141 M3. Eight of these barrels are a freight ton. Twenty of them is a registered ton.

BARRIER MATERIAL

Material used to make barrels. It is meant to stop leaking of gas, liquid, and radiation.

BARRIER OPTION

A COMPLEX DERIVATIVE contract that creates or extinguishes an underlying EUROPEAN OPTION as the price of the market reference moves through a specified BARRIER. Four versions of the barrier option are commonly

BARRIERS TO COMMUNICATION

The issues that prevent communication in an office. Some of these barriers are status, gendre, cultural, prejucdices, and environment.

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