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

BRAND NAME SPECIFICATION

A specification that cites a brand name, model name, model number or some other designation that identifies a specific product as an example of the desired quality of merchandise.

BRAND RECOGNITION

The extent to which the general public (or an organization’s target market) is able to identify a brand by its attributes.

BRASS

A yellow alloy of copper and zinc or a decorative object made of such an alloy.

BRASSBOARD CONFIGURATION

To determine feasibility of the product that is intended, there’s a prototype configured for the testing straight out the laboratory. Also may be compared with breadboard configuration.

BRASSPLATE COMPANY

When a firm is listed on a nameplate of brass but without any real existence. This applies to the registered legal address.

BRAZING

Form, fix, or join by soldering with an alloy of copper and zinc at high temperature. Also refer to braze.

BREACH OF CONTRACT

Failure to live up to the terms of a contract. The failure may provoke a lawsuit, in which an aggrieved party asks a court to award financial compensation for the loss brought

BREADBOARD CONFIGURATION

An experimental device (or group of devices) used to determine feasibility and to develop technical data. It will normally be configured for laboratory use to demonstrate the technical principles of immediate interest.

BREADLINE

A line of people waiting to receive free food.

BREADTH OF THE MARKET THEORY

Used to gauge the number of stocks advancing and declining for the day. If the breadth indicator is strong, this theory predicts that the market will be rising and vice versa.

BREAK FORWARD

A FORWARD contract with a feature giving one party the ability to cancel the transaction at a future time in order to complete the underlying deal in the SPOT MARKET; if the

BREAK IN SERVICE

Amount of time between leaving a company and returning to work at the same company; used in calculating benefits in regard to leaves of absence, short-term disability, and other extended periods of

BREAKAGE

The action of breaking something or a thing that has been broken.

BREAKAGE COST

The difference between the value of the remaining loan repayments at the original fixed rate and their value at the present market rate.

BREAKAWAY GAP

A price gap that forms on the completion of an important price pattern. A breakaway gap usually signals the beginning of an important price move.

BREAKBULK

Loose, non-containerized cargo stowed directly into a ship

BREAKDOWN

A failure of a relationship or of communication or a collapse of a system of authority due to widespread transgression of the rules.

BREAKDOWN MAINTENANCE

When employees are reactive to equipment failure and effectuate repairs only after a failure has occurred on a piece of equipment. Frequently, breakdown maintenance requires a maintenance prioritization system. These systems frequently

BREAKEVEN

A point where any difference between plus or minus or equivalent changes side.

BREAKEVEN ANALYSIS

An analysis method used to determine the number of jobs or products that need to be sold to reach a break-even point in a business.

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