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

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

BARRIERS TO EXIT

1.something that stops a firm from leaving uncompetitive markets or removing a nonprofitable product off the market. 2. restrictions put on industries who want to close down or restart. It is made

BASE

1. a compound that reacts with acid to neutralize it. The result is water and salt. 2. a single digit symbol in a number system. 3. a numer raised to a power.

BASEBAND

When bandwidth is sent on a single signal. Only one channel is usable at a time. Its cheaper and simpler. Local area networks use this.

BASELINE

1. the starting point for comparison. 2. the basic proposal given when a request is sent out. Refer to acquisition program baseline, contracnt budget baseline, and performance measurement baseline. 3. the line

BASIC

It stands for beginners all purpose symbolic instruction code. It makes it easy for a user to interact with a program. Microsoft turned this into DOS and visual basic programs. It acts

BASIC ACCOUNTING EQUATION

How income, expenses, and ownership are related in a company. Idealy income should cover expenses with extra left over.

BASIC FINANCIAL STATEMENTS

A report made the way the GAAP dictates it should be. It is used to evaluate operations. This can be a balance sheet, income statement, or cashflow statement.

BASIC ORDERING AGREEMENT

A contract between buyer and seller. It lists the terms for the period, prices, and special instructions.

BASIC PREMIUM

The part of premium used for administrative and agents costs.

BASING RATE

The point of reference for freight rates that any changes are made to before it arrives at its destination.

BASIS

1.the days in a year used for interest computation. 2. when adjustments are made between currencies. 3. the price difference between the cash and futures market for an asset. 4. the purchase

BASKET SWAP

A CREDIT DERIVATIVE contract that involves the exchange of a fixed or floating PREMIUM for a compensatory payment if one or more reference credits in a predefined BASKET DEFAULTS. The swap provides

BATCH

1.the goods produced in a single run. 2. data treated as a unit in a procedure.

BATCH LOT

The quality possible under uniform conditions in the operations process.

BATCH SIZE

How many products can be made. It is used in inventory calculation.

BAUD (BD)

An old way digital speed was measured. The new way is bits per second. It was named after J M E Baudot.

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