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08.06.2011 11:50 |
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BAR
1) British Association of Removers. Trade association for furniture removal firms.
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08.06.2011 11:48 |
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Banker’s (bank) draft
1) Form of cheque provided by a bank which guarantees payment because the funds have already been taken from the payee’s account (ie the most secure form of payment next to cash).
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08.06.2011 11:46 |
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Baltic Exchange
1) London-based organization (founded in the 18th century) that trades in shipping (ie bulk cargo chartering).
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08.06.2011 11:44 |
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Balance sheet
1) Annually (usually) prepared statement showing assets and liabilities of a business at the year-end. The ‘bottom line’ figure indicates the ‘worth’ of the business. Under company law a balance sheet must be prepared for the shareholders of a limited liability company. A copy must also be sent to the Registrar of Companies (along with other financial information).
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08.06.2011 11:41 |
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Bailment
1) Legal term in freighting which refers to the holding of goods until charges are paid (see also lien - the right to hold goods). The holder of the goods is the ‘bailer’.
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08.06.2011 11:39 |
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BAF
1) Bunker adjustment factor. An adjustment factor incorporated in shipping costs to reflect the current cost of bunkering (ie refuelling the ship).
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08.06.2011 11:49 |
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Bankruptcy
1) When a person/business cannot meet its liabilities a court may rule them to be ‘bankrupt’ in which case all their assets are seized and disposed of to pay off creditors.
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08.06.2011 11:47 |
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Band 3 radio
1) Radio channels operating on the old 405-line black and white television VHF wavelength. Available for mobile communication between a base station and mobile unit for brief messages only. Currently operated by two official franchise holders, GEC and Band Three Radio, each with 200 channels. Although limited in use it is cheaper to operate than the cell-phone system.
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08.06.2011 11:45 |
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Balloon lease
1) Form of financial lease whereby a large payment is made either at the beginning or the end of the lease period, usually with the intention of reducing the interim monthly or quarterly repayments.
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08.06.2011 11:43 |
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Balance of trade
1) A financial statement indicating the balance of a country’s visible trade exports and imports.
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08.06.2011 11:40 |
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Bail bond
1) Necessary when taking a vehicle to Spain in case it is impounded and the driver held by police following a road traffic accident or incident. The bond (normally valued at ?1,500 and obtainable from vehicle insurers and motoring organizations in UK) secures release.
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Обновлено 08.06.2011 11:41 |
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08.06.2011 11:38 |
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Backlog
1) Usually meaning a list of previous orders to be fulfilled or tasks to be completed when stocks are available or the facilities/equipment/labour is in place to finish the job.
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