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GLOSSARY
Blue Book
The Blue Book, also called Kelley Blue Book, is a printed valuation guide that assists vehicle owners, auto dealers, and insurance companies in determining the market value or sales price of a vehicle.
Blue Collar
Blue collar describes an individual or class of individuals who are employed in manual labor trades and earn hourly wages.
Blue sky laws
Blue sky laws are securities regulations passed by individual states. These regulations impose certain registration and filing requirements on issuers of securities in an effort to protect investors from securities fraud.
Blue-ribbon condition
Blue-ribbon condition describes a home or other asset that's in excellent form, with no signs of wear.
Board Certified In Estate Planning - BCE
Board Certified In Estate Planning, or BCE, describes an individual who has satisfactorily completed an industry-recognized course in estate planning. The Institute of Business & Finance (IBF) provides this course for financial planners and financial advisors.
Board foot
A board foot is a cubic measurement typically used for lumber. One board foot is the equivalent of an item that is 1 foot long by 1 foot wide by 1 foot thick.
Board of equalization
A government agency, typically governed by each state that hears appeals of property classifications. People appeal to a board of equalization because they believe their property has been assessed too highly, which increases their property taxes unfairly.
Boilerplate
Boilerplate describes standardized language that's used within a legal document. Any individual or company that frequently engages in contracts or agreements is likely to use boilerplates to avoid the expense of having each new contract reviewed and approved by legal counsel.
Bona fide
Bona fide is Latin for "in good faith." It's used as a synonym for genuine, original, or without fraud.
Bond
A bond is a loan that's sold in shares as a security. Corporations and government entities sell bond shares to raise money for special projects, expansion, or simply to cover budgeted expenses. One who purchases a bond is called the bondholder. The terms of the bond specify when and how the bond issuer will repay the principal to the bondholder.
Bond Buyer's 20-bond index
Bond Buyer's 20-Bond Index is a representation of municipal bond trends based on a portfolio of 20 general obligation bonds that mature in 20 years, with an average AA rating. The index is based on a survey of municipal bond traders rather than actual prices or yields. The 20-Bond Index is published by The Bond Buyer, a daily financial publication.
Book
A book is a listing of long and short positions held by a trader of securities.
Book value
Book value is the cost of an item or capital asset plus the cost of additions, less depreciation. In the case of financial records, book value is the net amount attributed to an asset on a balance sheet. The term can also refer to the net worth of a company's common stock equity.
Boomerang
Boomerang refers to an adult of the baby boomer generation who lives with his or her parents after a period of living independently. The term is slang, primarily used in America.
Boot
Boot is anything of value that has been included in a trade to even up the transaction. A vehicle trade-in is the most common example: The trade isn't even unless you turn in the used vehicle plus cash (the boot) to pay for the new vehicle.