A book is a listing of long and short positions held by a trader of securities.
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 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 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.
A borough is a town that's incorporated, or an administrative unit designating a community or area. New York City has five boroughs: The Bronx, Brooklyn, Manhattan, Queens, and Staten Island.
To borrow is to obtain money or property with the intention of returning it at some later date. In terms of finance, to borrow is to draw against a loan, which usually must be repaid with interest.
A borrow pit is a ditch or hole where soil has been dug out for use in another location. The term is used in the context of construction projects.
A borrower is an individual or entity that receives loaned funds or property and is required to return those funds or property at some future date. In the financial sense, a borrower is one who draws money from a credit facility, and is contractually obligated to pay back the principal plus interest.
Bot is a shortened form of robot. The term refers to a computer program that can execute commands autonomously. Bots can be used to record and collect private information from another's computer.
A botnet, short for robot network, is a group of computers that are being exploited to distribute spam and/or viruses. These computers have been infected with a trojan that receives commands from the third-party which controls the botnet.
Bounce protection is an expensive form of overdraft protection offered to a bank's checking accountholders. The service is similar to an overdraft line of credit, except that the bank reserves the right to refuse overdraft coverage at any time without prior notice.
A bounced check is a check that the bank has returned unpaid because there aren't sufficient funds in the associated account to cover the amount of the check.
A boundary is a border or a limit. In real estate, a boundary is the meeting point of two properties, where one property ends, and the next begins.
Breach of contract
A breach of contract is a failure of one party to perform as required by a legal agreement. A breach of contract generally gives the non-violating party the right to pursue legal recourse. Breach of contract is also called default.
Breach of covenant
Breach of covenant is the failure to perform a promise made, usually within a contract.