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

BLOCK DIAGRAM

A combination of lines and shapes that represent a process and the relations in that process. It can show how a system works and the pertinent information about it.

BLOCK LIMIT

The maximum amount of INSURANCE an INSURER is willing or able to UNDERWRITE in a given metropolitan city block. Block limits are often used in areas that are deemed susceptible to CATASTROPHIC

BLOCK SAMPLING

A sample that is chosen in a sequential order. When the first account is chosen the amount of the rest is automatically chosen.

BLOCK TRADE

A lot of stocks and bonds that are traded in one transaction. That can be 10,000 shares or a bond value of $500,000.

BLOCK TRADING FACILITY (BTF)

A facility offered by certain FUTURES EXCHANGES where two parties agree to cross (buy/sell) a large transaction away from the exchange in order not to skew prices. Once a transaction is concluded

BLOCKAGE DISCOUNT

Reducing the price of a block of stock. The value has gone down due to its lack of selling in the current market.

BLOCKBUSTER DRUG

A drug that is popular with sales of at least $1B. It can be profitable despite disadvantages. If a side effect is shown dangerous than money is lost. Eventually it will lose

BLOCKBUSTING

Helping individuals into areas outside of their ethinic background. The current residents will sell and lower the prices of homes. A broker can buy their property for cheap and sell for higher

BLOCKING SOFTWARE

A program that does not access certain websites. This is done according to content or an address.

BLOG

A website like a journal. Entries are made by individuals who write about a subject in a forum.

BLOOD ALCOHOL CONCENTRATION (BAC)

The amount of alcohol in the blood stream. It shows how intoxicated the person is and if its in the legal limit. This limit can vary from state to state and body

BLOOM

A rectangle or almost square metal form that is not finished. It is between the stages of ingot and billet. It is 15 to 20 feet long and 36 In2. The rolling

BLOOMBERG

A news and tool company that gives content to the web, radio, and TV. It gives platforms to make trading easy. It was founded by Michael Bloomberg.

BLOTTER

A transaction record that covers a specific time period in an organization. Or a paper that prevents ink from bleeding between copies.

BLOW MOLDING

Making hollow molds by heating plastic inside two pieces of the mold. The inside is filled with air. Refer to injection molding.

BLOWOUT

The rapid sale of a new issue of securities, leaving the UNDERWRITERS with no residual RISK position after BREAKING SYNDICATE.

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