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

BID-TO-COVER

In the United States, the number of BIDS received in an auction of TREASURY BILLS, NOTES, or BONDS versus the number actually accepted. The higher the bidtocover ratio the greater the demand

BIENNIAL

Something occuring every two years. Refer to biennium.

BIG BANKS

The banks with the most assets in an area. It is listed per country.

BIG BEAST

A person who seems larger than life in their field.

BIG BLUE

A nickname for IBM. It started with the blue color on the logo.

BIG FOUR

The largest firms for accounting. They handle public and private companies. They are Deloitte Touche Tohmatsu, Price water house coopers, Ernst & Young, and PMG. It started in 2002 after 8 merged

BIG MAC INDEX

The index that measure purchasing power between currencies. The economist publishes the data in spring.

BIG THREE

The three main US auto manufacturers. They are General Motors, Ford, and Chrysler.

BIG TICKET ITEM

An item of high value liek cars and real estate to name two. It may not be a luxury item at all.

BIG UGLIES

COMMON STOCK issued by companies in industrial sectors that are not considered to be

BIG-BOX STORE

A retail store with the layout of a box or square if seen from above. There is a large floor space and many items for sale. They are located in suburban areas.

BILATERAL

Something that affects two parites. Refer bilateral contract, bilateral modification, bilateral monopoly, and bilateral rights.

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.

BILATERAL COLLATERAL

A COLLATERAL agreement between two COUNTERPARTIES that requires either party to post security, depending on the value of the PORTFOLIO of contracts and the level of unsecured credit limits that have been

BILATERAL DISCHARGE

When a contract is terminated before its completion due to the court. Both parties are released. It can be cancelled with no replacement, it can be replaced, or changed.

BILATERAL INVESTMENT TREATY

When two countries agree that managers can be of any nationality, investment related transfers are allowed, assets are expropriated as with international law, and access is to arbitration in disputes.

BILATERAL MISTAKE

When both parties make a mistake during a transaction on the same matter at hand.

BILATERAL MONOPOLY

When the market has one buyer and one seller. Its common in intermediate states in production. A monopoly or monopsoly is different than this term.

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