A Bookkeeper refers to a corporation’s or organization’s financial record keeper. This person will usually be in charge of keeping records of the company’s accounts, expenditures, earnings, profits, losses, receipts, etc. Bookkeepers and...
commercial activities
bookkeeping fraud
Overview
Bookkeeping fraud (also referred to as accounting fraud) refers to types of fraud committed by officers, accountants, and other employees that manipulate company finances and records to achieve some kind of personal gain. There are...
boot
Boot refers to “something that is given in addition to.” Boot is the money or other property which is added to an exchange to equalize the value of a trade.
In the context of like-kind property under Internal Revenue Code...
breach of contract
A breach of contract occurs whenever a party who entered a contract fails to perform their promised obligations. Due to the frequency of breaches of contract, a robust body of law has grown to resolve the ensuing disputes.
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breach of warranty
Breach of warranty is defined as the violation of an express or implied contract of warranty, and thus it is a breach of contract. Essentially, it occurs when the warrantor fails to provide the assurance warranted. A seller can expressly or...
bribery
Bribery is defined generally as corrupt solicitation, acceptance, or transfer of value in exchange for official action.
Overview:Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a...
broker
A broker is a person or entity that arranges contracts and acts as an intermediary between a buyer and seller for a commission. A broker is an independent party to a transaction and should not be confused with an agent who acts on behalf of a...
brownfield
According to the Environmental Protection Agency (EPA), brownfields are properties that were previously developed, but where expansion, redevelopment, or reuse may be complicated by the presence (or potential presence) of a hazardous...
bucket shop
Bucket shop refers to either a brokerage firm that illegally retains funds in a transaction or a historical enterprise that offers betting on stocks and futures without any underlying trading.
In the modern context, bucket...
building and loan association
Building and loan associations were organizations that provided loans to members for buying homes. The organizations were formed by a community of low income members that made regular payments into the fund. Members owned shares in the...