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

BUY-SELL AGREEMENT

Also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or

BUYTHE BOOK

An ORDER given by a client to a BROKER to purchase all of a SPECIALIST

BY INDUCEMENT

A ship will go to the called port only if there’s enough space available and booked cargo which is known as

BYLAW

(Sometimes also spelled by-law or byelaw) can refer to a law of local or limited application, passed under the authority of a higher law specifying what things may be regulated by the

BYLINE

The byline on a newspaper or magazine article gives the name, and often the position, of the writer of the article.

BYPASS

Source direct, also known as tone defeat or bypass is a sound engineering term. It describes a feature on a piece of audio equipment which allows the audio effect such as bass

BYPASS TRUST

Trusts are used in the United States as a legitimate tool to circumvent gift tax, and to minimize taxation of assets upon death of a married couple.

BYPRODUCT

A secondary result, unintended but inevitably produced in doing or producing something else.

BYTE

A sequence of 8 bits (enough to represent one character of alphanumeric data) processed as a single unit of information.

BAIL BOND

When collateral is used to keep a defendant out of jail before the hearing. It’s a precent of the total bond. It is taken if the person does not appear in court.

BAIL OUT

1. selling too much stock. It shows that the firm may be going under. 2. giving emergency help to a company to keep it going.

BAIT AND SWITCH

Offering a product that gets customers and than changing it for a pricey one once they agree to purchase.

BAIT AND SWITCH PRICING

Luring customers with low prices than selling them higher priced items saying the bargain was sold out. This is illegal. AKA bait pricing.

BETTERMENTS

A asset whose changes are made to make services better.

BIOLOGIC HALF LIFE

The time a body takes to process half a substance in it. AKA biological half life, biological half time, metabolic half life, and metabolic half time.

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