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

BUFFER

In a fiber optic cable, a buffer is one type of component used to encapsulate one or more optical fibers for the purpose of providing such functions as mechanical isolation, protection from

BUFFER INVENTORY

The strategically placed inventories which protect the material flow and whose consumption set the schedules in a pull system.

BUFFER ZONE

A neutral area serving to separate hostile forces or nations.

BUFFET

A meal consisting of several dishes from which guests serve themselves or a room or counter in a station, hotel, or other public building selling light meals or snacks.

BUG

Conceal a miniature microphone in (a room or telephone) in order to monitor or record someone’s conversations, a harmful microorganism, as a bacterium or virus or an insect of a large order

BUILD, LEASE, TRANSFER (BLT)

A public-private partnership (PPP) project model in which a private organization designs, finances and builds a facility on leased public land. The private organization operates the facility for the duration of the

BUILD, OWN, OPERATE, TRANSFER (BOOT)

A public-private partnership (PPP) project model in which a private organization conducts a large development project under contract to a public-sector partner, such as a government agency. A BOOT project is often

BUILDING SERVICE CONTRACT

When an arrangement is made to upkeep and repair services and equipment such as AC, building maintenance and janitorial services. Other services might include landscaping, window washing and other commodities.

BUILDUP

A gradual accumulation or increase, typically of something negative and typically leading to a problem or crisis.

BUILDUP APPROACH

When you assess and formulate the projections by using an estimated cost of the task of objectives.

BULGE BRACKET

The small group (i.e., less than half a dozen) of SECURITIES FIRMS, INVESTMENT BANKS, and BANKS that control the largest share of global CORPORATE FINANCE and securities UNDERWRITING business. Bulge bracket firms

BULK MATERIAL

All of the material that is ordered, stored, issued and sold by weight is known as bulk material.

BULKHEAD

Reinforcement structures that contain the contents of compartments which holds bulk items inside.

BULKHEAD SEATING

The first row of seats beyond a wall or divider. And, in most cases, they do provide extra legroom.

BULL MARKET

A market trend is a putative tendency of a financial market to move in a particular direction over time. These trends are classified as secular for long time frames, primary for medium

BULL SPREAD

In options trading, a bull spread is a bullish, vertical spread options strategy that is designed to profit from a moderate rise in the price of the underlying security.

BULL TRAP

Any technically unconfirmed move to the upside that encourages investors to be bullish. Usually precedes important declines and often fools those who do not wait form confirmation by other indicators.

BULLET

A projectile for firing from a rifle, revolver, or other small firearms, typically of metal, cylindrical and pointed, and sometimes containing an explosive.

BULLETPROOF

Capable of resisting the force of a bullet; resistant to penetration by a bullet; armored; as, a bulletproof vest; a bulletproof window. Designed so as to be resistant to abuse or misuse

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