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A B C D E F-H I J-L M N-O P Q-R S T U-Z Bacon Money.
Balance sheet An accounting statement that divides things you own on a particular date into assets and liabilities. It further divides both assets and liabilities into those that are liquid and those that are illiquid. Chapter 3.
Barristers Had the exclusive right to appear in court on behalf of clients and derive their title from having been admitted to the bar. Chapter 1.
Beans Money.
Berle and Means type of corporation In corporate law scholarship, the paradigm of the large, publicly held corporation that is run by senior managers. Chapter 2.
Blank (or blank check) stock Stock authorized in the Articles of Incorporation as noncommon stock, the terms of which have not been determined. The characteristics of the stock are set by the board of directors. Chapter 6.
Board of directors The group of people that manages the business and affairs of every corporation and exercises all corporate power. Chapter 9.
Bonding An assurance, such as an insurance policy or a financial penalty clause in an agency agreement, that assures principals that agents will not shirk or behave opportunistically. Chapter 4.
Bonds Debt securities issued by a corporation that are typically secured by the corporation's assets. Chapter 6.
Book entry system System whereby an entity, the Depository Trust Company, credits or debits a brokerage house's account with the net number of shares of each corporation owed or owing to other brokerage houses at the end of each trading day. Shares are not actually transferred. Chapter 15.
Brass Money.
Bread Money.
Break-up value The value of a business, comprising assets that would be worth more if operated separately. Chapter 3.
Break-up fee A termination provision that makes the target liable to the acquirer if the transaction fails to close. Chapter 17.
Broker overvote When a brokerage house inadvertently executes proxies (on behalf of shareholders) for more shares than it is entitled to vote. Chapter 15.
Bucks Money.
Business A business engages in sustained activities intended to generate more wealth than they use. Chapter 2.
Butter Money. Buy-sell agreement A restriction on the transfer of shares in which both sides are required to effect a transaction. Chapter 7. |