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Backlog
Unfilled customer orders for products and product services Operating Statistics
Manufacturing Term
Letter: B
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Balance of payments
Record of transactions between U.S. residents and foreign residents during a given time period. Includes transactions in goods, services, income, assets, and liabilities. It is broken down into the current accounts (international), capital accounts (international), and financial accounts (international).
Economy Term
Letter: B
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Balance on current account
Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment." Current receipts equal exports of goods and services plus income receipts from the rest of the world; current payments are the sum of imports of goods and services, income payments to the rest of the world, and current taxes and transfer payments to the rest of the
Economy Term
Letter: B
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Balance on goods and services
Record of the difference between exports of goods and services and imports of goods and services. In the broad sense, this balance is conceptually equal to net exports of goods and services, which is a component of gross domestic product (GDP).
Economy Term
Letter: B
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Balance Sheet
A summary statement that reflects the companys assets, liabilities and equity at a particular point in time. Balance Sheet
Financial Term
Letter: B
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Balloon Angioplasty
also known as percutaneous transluminal coronary angioplasty (PTCA), is a nonsurgical method of clearing coronary and other arteries blocked by atherosclerotic plaque, fibrous and fatty deposits on the walls of arteries. A catheter with a balloon-like tip is threaded up from the arm or groin through the artery until it reaches the blocked area. The balloon is then inflated, flattening the plaque a
Health Care Term
Letter: B
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Barrel
Barrel, which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.
Energy Term
Letter: B
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Basic Cards-In-Force
Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include additional supplemental cards issued on that account. Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee cardmembers. Non-proprietary basic cards-in-force includes all cards that are issued and outstanding under n
Financial Term
Letter: B
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Basic Net EPS
The companys earnings divided by the average number of shares outstanding for the period. Statement of Income
Financial Term
Letter: B
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Basis
The difference between a reference or benchmark commodity price and the corresponding sales price at various regional sales points.
Financial Term
Letter: B
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Basis Point
One one-hundredth of a percentage point.
Financial Term
Letter: B
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Basis-Only Swap
A derivative that "swaps" the basis between two sales points from a floating price to a fixed price for a specified commodity volume over a specified time period. Typically used to fix the price relationship between a geographic sales point and a NYMEX reference price.
Financial Term
Letter: B
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Bauxite
A general term for a rock composed of a mixture of hydrated aluminum oxides and hydroxides and generally contaminated with compounds of iron. It is the main ore from which aluminum is produced. The principal aluminum hydroxide minerals found in varying proportions with bauxites are gibbsite and the polymorphs boehmite and diaspore. Bauxites are typically classified according to their intended comm
Manufacturing Term
Letter: B
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Bayer Process
The process of removing pure alumina from bauxite ore by heating it in a caustic soda solution, removing impurities from the solution and precipitating the alumina which is washed to remove any remaining caustic and then calcined to remove the chemically combined water, leaving pure alumina.
Manufacturing Term
Letter: B
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Bbl
Barrel, which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.
Energy Term
Letter: B
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Bcf
Billion cubic feet Cubic foot is a common unit of gas measurement. One standard cubic foot equals the volume of gas in one cubic foot measured at standard conditions - a temperature of 60 degrees Fahrenheit and a pressure of 30 inches of mercury (approximately 14.7 pounds per square inch).
Energy Term
Letter: B
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Bcfe
Billion cubic feet of gas equivalent Oil and NGL volumes are converted to natural gas equivalents. Cubic foot is a common unit of gas measurement. One standard cubic foot equals the volume of gas in one cubic foot measured at standard conditions - a temperature of 60 degrees Fahrenheit and a pressure of 30 inches of mercury (approximately 14.7 pounds per square inch).
Energy Term
Letter: B
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Beneficial Interest
Represents the interest of third-party holders of debt/equity securities, or other obligations, issued by VIEs that Bank consolidates. The underlying obligations of the VIEs consist of short-term borrowings, commercial paper and long-term debt. The related assets consist of trading assets, available-for-sale securities, loans and other assets.
Financial Term
Letter: B
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Beneficiation
The process of removing pure alumina from bauxite ore by heating it in a caustic soda solution, removing impurities from the solution and precipitating the alumina which is washed to remove any remaining caustic and then calcined to remove the chemically combined water, leaving pure alumina.
Manufacturing Term
Letter: B
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Beta
A historical measure of an investments volatility relative to a market index (usually the S&P 500). The index is defined as having a beta of 1.00. Investments with a beta higher than 1.00 have been more volatile than the index; those with a beta of less than 1.00 have been less volatile.
Technical Indicator
Letter: B
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Billed Business Credit Card
Represents the dollar amount of charges on all credit cards; also referred to as spend or charge volume. Proprietary billed business includes charges made on the Companys proprietary cards-in-force, cash advances on proprietary cards and certain insurance fees charged on proprietary cards. Non-proprietary billed business represents the charges through the Companys global network on cards issued by
Financial Term
Letter: B
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Bioavailability
means the degree to which a drug or other substance becomes available to the target in the body after administration
Health Care Term
Letter: B
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Biologic Products
Biologic products, like other drugs, are used for the treatment, prevention or cure of disease in humans. In contrast to chemically synthesized small molecular weight drugs, which have a well-defined structure and can be thoroughly characterized, biological products are generally derived from living material - human, animal, or microorganism - are complex in structure, and thus are usually not ful
Health Care Term
Letter: B
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Biomarker
A biomarker is a component of a cell that is uniquely or strongly associated with a particular feature of that cell. The detection of the biomarker in body fluid by an assay indicates that a particular cell is very likely to be present in the body.
Health Care Term
Letter: B
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Blast Hole Open Stoping
A low cost bulk method of mining suitable for large, regularly shaped and steeply dipping ore bodies. Blast holes are drilled in a fan-like pattern into the ore body and are then loaded with explosives and detonated. The broken ore is either removed by load-haul-dump machines or by rail cars.
Manufacturing Term
Letter: B
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Blasting
A technique to break ore in an underground or open-pit mine.
Manufacturing Term
Letter: B
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Blendstocks
Various compounds that are combined with gasoline or diesel from the crude oil refining process to make finished gasoline and diesel fuel; these may include natural gasoline, fluid catalytic cracking unit or FCCU gasoline, ethanol, reformate or butane, among others.
Energy Term
Letter: B
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Blister Copper
A crude form of copper (assaying about 99%) produced in a smelter that requires further refining before being used for industrial purposes. The name is derived from the large blisters that form on the cast surface as a result of sulphur dioxide and other gases escaping from the copper during the smelting process. Metal Mining Industry Operating Statistics
Manufacturing Term
Letter: B
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Block Cave
A general term used to describe an underground mining method where the extraction of ore depends largely on the action of gravity. By continuously removing a thin horizontal layer at the bottom mining level of the ore column, the vertical support of the ore column is removed and the ore then caves by gravity.
Manufacturing Term
Letter: B
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BOE
Barrels of oil equivalent, Oil and NGL volumes are converted to natural gas equivalents using the ratio of one barrel of crude oil, condensate or NGL to 6,000 cubic feet of natural gas. Barrel which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.
Energy Term
Letter: B
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Bollinger Bands
Bollinger Bands are indicators that allowe users to compare volatility and relative price levels over a period time. The indicators consists of three bands (SMA, SMA+2 standard deviations, SMA-2 standard deviations) designed to encompass the majority of a securitys price action. In addition to identifying relative price levels and volatility, Bollinger Bands can be combined with stock price change
Technical Indicator
Letter: B
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Bond
A security representing a loan from the investor to the issuer. A bond typically pays interest at a fixed rate (the "coupon rate") until a specified date (the "maturity date"), at which time the issuer returns the money borrowed ("principal" or "face value") to the bondholder. Because of their structure, bonds are sometimes called "fixed income securities" or "debt securities." An individual bond
Financial Term
Letter: B
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Bond Fund
A bond fund is subject to the same credit, interest rate, and inflation risks as bonds. In addition, a bond fund incurs ongoing fees and expenses. A bond funds net asset value will fluctuate with the price of the underlying bonds and the portfolio turnover activity; return of principal is not guaranteed.
Financial Term
Letter: B
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Bonded Warehouses Manufacturing
Warehouses that are authorized by the United States Customs for storage or manufacturing of goods on which payment of duties is deferred until the goods are removed into Customs Territory. These goods are not subject to duties if reshipped to foreign points.
Economy Term
Letter: B
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Book Value Per Common Share
Shareholders equity divided by the shares outstanding.
Fundamental Analysis
Letter: B
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Bornhuetter-Ferguson Method
An actuarial method to estimate ultimate losses for a given cohort of claims such as an accident year/product line component. If the paid-to-date losses are then subtracted from the estimated ultimate losses, the result is an indication of the outstanding losses. The basic premise of the method is that the historical ratio of additional claim activity to earned premium for a given product line com
Insurance Term
Letter: B
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Borrowing
Financial liability (short or long-term) that obligates borrower to repay cash or another financial asset to another entity.
Financial Term
Letter: B
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Bpd
Abbreviation for barrels per day.
Energy Term
Letter: B
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Bradycardia
slow heart rate.
Health Care Term
Letter: B
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Breakeven Passenger Load Factor
Represents the number of RPMs at which scheduled passenger revenues would have been equal to operating expenses divided by ASMs (based on Average Yield per RPM). For the purposes of this calculation, the number of RPMs at which scheduled passenger revenues would have been equal to operating expenses is calculated by dividing operating expenses by Average Yield per RPM. Airline Industry
Transportation Term
Letter: B
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Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.
Economy Term
Letter: B
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Btu
One British thermal unit - a measure of the amount of energy required to raise the temperature of a one-pound mass of water one degree Fahrenheit at sea level.
Energy Term
Letter: B
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Bulk Sales
Volume sales through third party pipelines, in contrast to tanker truck quantity sales.
Energy Term
Letter: B
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Business sector
All corporate and noncorporate private entities organized for profit and certain other entities that are treated as businesses in the national income and product accounts (NIPAs), including mutual financial institutions, private noninsured pension funds, cooperatives, nonprofit organizations that primarily serve businesses, Federal Reserve banks, federally sponsored credit agencies, and government
Economy Term
Letter: B
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Business Segment
A components of operations of an entity or a geographical area of operations of the entity that can be separately distinguished, operationally and for financial reporting purposes.
Financial Term
Letter: B
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By Product
A secondary metal or mineral product that is recovered along with the primary metal or mineral during the ore concentration process. Metal Mining Industry Operating Statistics
Manufacturing Term
Letter: B