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

BLEEDING A PROJECT

Charging extra fees and expenses to make the price more inflated. Or putting family on the payroll to get the most money possible. Or when an owner won’t do basic repairs to

BLEEDING EDGE

A plan that is so advanced it will cause a competitive failure.

BLEMISH

When an imperfection that is noticable but doesn’t impair use. Refer to defect, imperfection, and nonconformity.

BLENDED RATE

Interest rate charged for refinancing. Its higher than an old rate but lower than the current one. It is an incentive to refinance instead or repayment.

BLENDING

Merging term and ordinary life insurance.

BLIGHTED AREA

An area like a city with abandoned buildings or in disrepair. Refer to browfield site or greenfield site.

BLIND AD

An ad that remains anonymous as to who is advertising. Only a phone number and PO box is lsted. Most states have made this illegal for real estate agents to do this.

BLIND CERTIFICATE

A certificate that is digital. There is no identifying informtion on it about the party it certifies. It is used to transmit verified anonymous information about a transaction.

BLIND EMBOSSING

Making raised logos on paper that uses no ink. Two metal dies are used to create this look. When paper is between the dies the embossing ocurs. Refer to heat embossing.

BLIND ENTRIES

An easy to keep records about income or expenses. It is used by small businesses mostly.

BLIND MARKING

When the markings on a big ticket item to be shipped is hard to read this is placed on the item. It prevents theft.

BLIND POOL

A fund that lets investors give capital with no specific assets to purchase. They won’t know what they are buying just that they are buying in.

BLIND TRUST

When the party that has a trust doesn’t know who gave it to them. It prevents conflict of interest. The funds are under the control of the party who has the trust.

BLOATWARE

A software application that takes up too much space with its useless extra features. It is often poorly written.

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.

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