Business Letters Index


Commercial Terms starting with B.





Back Bill : A statement of unpaid chargers.


Bad Dept : A dept, which is no more accepted to be recoverable from the doctor.


Balance Sheet : A list or statement showing the details of assets and liabilities of any organization.


Bank acceptance : A bill of exchange accepted by a bank for payment on the date.


Bank Note : In India, the issue of bank notes, is the monopoly of RBI. A bank note is a legal tender and is a promissory note payable on demand to bearer.


Bill of Entry : A document describing goods before they are landed, which importers give to customers authorities.


Bill of Exchange : It is an unconditional written order by one party ordering the latter to pay to same third party, on demand or at some future date.


Bill leading : A document carried by the carrier to the shipper as a receipt and as a contract governing transportation and delivery of the articles only.


Bond : A sealed document by which a person binds himself, his heirs, executors and administrators to pay a certain sum to another person on or before a specified date.


Bonded goods : Goods stored in a warehouse by an owner who had furnished a bond to pay duty or taxes due.


Bonded Warehouse : A government building, in which bonded goods are stored.


Brand : Trademark applied on packages, casks and other containers.


Breach of Contract : Breaking the terms of contract by non-performance or doing some such act, which is contrary to the terms of the contract.


Broker : Is an agent who buys and sells on behalf of other people without taking possession of the goods.


Brokerage : It is the remuneration, which is paid to the broker. It is generally a certain percentage.


Commercial Terms beginning with...


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