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.network logo / .network introduction pages in series
glossary
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about the Google logo
glossary search tool and search tips
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A A marker / linked C D E F G H I J K L M N O P Q R S T U V W X Y Z
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B-terms (alphabetical order)
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define back office ... internal operations not open to the public
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define back-to-back ... consecutive, following immediately one after the other
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define back-to-back escrow ... What is an escrow? answer
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define back-to-back lease ... under the definition of back-to-back escrow
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define balance sheet ... a financial statement showing assets and liabilities
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define balloon ... a type of loan that has a large payment at the end of it payment schedule
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define bankroll ... to provide the funds needed, as if to hand someone a roll of paper money. One who supplies the capital for, say, a new venture startup may be referred to as a bankroller.
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define bankruptcy ... the point at which liabilities exceed assets and there's no way to pay current debts.
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define basin ... a area into which a watershed drains.
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define basis ... the stated value of an asset used to determine annual depreciation or cost.
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define basis point ... one-hundredth of one percent as used to describe the amount of change in the market price of a bond or any other debt instrument.
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define bench mark ... a surveyor's permanent reference (PRM) affixed to a durable object and used to establish elevation and altitude above sea level.
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define benchmark ... a standard or base of reference from which specific estimates are made, a point, precedent or guideline used for making decisions. For example, benchmark points on a project timeline make it easy for all concerned to know when critical decisions need to be made. Benchmarking is the on-going internal process of measuring what one enterprise operation is doing as compared to another. What is benchmarking? CLICK HERE for an answer.
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define best practice approach ... adherence to a strategy, method, process or set of techniques by an individual or organization that, based on research or experience, can reasonably be expected to result in a high level of satisfaction or excellence in achieving the aims of an endeavor. If interested in more information and resources for making a best practice approach, CLICK HERE.
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define best practices ... guidelines for approaching purposeful or industrious undertakings with high standards and applications of improvement techniques as opportunities present themselves, i.e., strive for excellence at all times; having best practice initiates in place ... a best practice approach.
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define biannual ... occurring twice per year; semiannual.
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define biennial ... occurring every two years.
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define binder ... that which brings together in an agreement. It makes a binding agreement. For example, a binder is formed by a third party receiving earnest money to be held in trust on behalf of a seller as evidence that the purchaser, in good faith, intends to complete his part of a contract.
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define bird-dog ... to be vigilant in looking after something, for example, a business developer who doggedly networks for information about what is going on with a suspect. It's colloquial to those familiar with using dogs to track game birds by scent and, therefore, applied as an analogy for the act of tenaciously seeking out prospects or suspected business opportunities.
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define blind address ... a receiving point that doesn't reveal the identity of who visits or picks up from it, often a post office box or temporary email address. A blind address is used for confidentiality protection. In a world of controls and aggressive competition where there are peering eyes and spies all around, it is good idea not to have a discreet pickup point so nearby that one can make an association. People not identifiable with you or your organization should be used to pick up from a blind address. The same goes for vehicles or things that display an identity, such as logos on jackets or lapel pins. Perhaps the most secure approach is to hire a service, for example, The Site Selection Directory of The Network is supported by a information collection service that can be a go-between to protect identities and things confidential
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define body of knowledge ... also referred to as common body of knowledge
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define boilerplate ... standard or fixed language or wording used over and over again
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define bond ... a promissory note, which is a signed agreement promising payment of a sum of money on demand or at a particular time; a certificate promising payment of a debt.
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define book value ... value of an asset as shown in the accounting records of its owner; a net value after liabilities have been deducted from as sets.
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define bridge loan ... an arrangement in which a lender provides to a borrower with money to be used to span the period between loans, for example, between a construction loan and permanent loan.
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define broadcast ... to announce, send out or otherwise make a request to a general recipient group or audience as in the case of a enterprise developer with a tentative project using the Site Selection Directory to publish a request for introductions from contacts along with informational input. This definition stems for radio and television broadcasting. Today we have Internet radio and television broadcasting also. To say one broadcasts online may suggest spam to some but there is no connection to this definition. To broadcast online by publishing a request for responses from all who find it and want to do so is not a ... flooding the Internet with many copies of the same message, in an attempt to force the message on people who would not otherwise choose to receive it. (source of quote; also, see the definition of email spam). To read about broadcasting online requests for input from location data suppliers or other resource and service providers engaged in enterprise and economic development CLICK HERE.
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define broken link ... a hyperlink that doesn't work. As you see on this page of definitions, we use links extensively so that, if wanted, you have access to more information. This means you are likely to run across broken links in spite of our best efforts. Personal assistance is readily available to help you overcome any situation where you find a broken link or otherwise see yourself at a dead end. We offer this promise of help with regrets for any inconvenience.
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define broker ... an intermediary in a sale or transaction who receives a fee; an arranger of a deal for a fee or percentagedashreal estate brokers act as representatives of owners while real estate consultants represent clients engaged in site selection. Also, see the definition of data broker.
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define brownfield ... an abandoned, used, real estate site. The term is often associated with the reuse of land that presents environmental challenges, especially stemming from industrial waste disposal. The term rust belt, which is passé, is associated with brownfields because it implies that property is abandoned and left to rust on its site. Resources and links published in the .network library under Brownfield Redevelopment.
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spacerbudget:

... an itemized list of projected expenditures organized for financial management during a specified period of time; funds approved and designated for itemized forecast of total operational expenses; however, an operating budget covers what it costs to run things less a capital budget arrow points to link to support comment select and look for links to more budget definitions. See project budget.

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build-to-suit:

... a property constructed and finished-off or retrofitted to lessee or purchaser specifications. A build-to-suit may be included in a lease-purchase deal, wherein a lessor contractually becomes a seller at some point in the future.

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bulk email:

... Copy and paste the phrase definition of "bulk mail' in the search box: at the top of this page. Bulk email is defined here to explain that we have instructions available (example) for those who want to contact us. All emails, except from those who previously contacted us and whose addresses are earmarked in the Global Registry of Contacts as acceptable, arrive in bulk at a server where only those having a subject line beginning with the word from are separated and delivered. Bottom line: Emails from spammers and other's who don't follow instructions are cyber-flushed. They waste their own time and resources, not yours and ours.

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define business ... as in a business enterprise or enterprise operations
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define business association ... a chamber of commerce is typically a business association.
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define business attraction ... see also the definition of business retention

... an economic development marketing term that refers to recruiting efforts aimed at site selectors; a responsibility to find enterprise development opportunities outside of places seeking economic development assigned to area and local development

business processes that operate with sub processes. ... http://www.findmehere.com/search/dictionary/b_index.htm#b_process


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business card

... the universally recognized pocket-size item that shows how to contact someone. As the primary tool for networking the card used to bring attention to contact data. Participants in the .network mission can offer thumbnail versions of their cards from personal webpages.

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business classifications:

... enterprise operations, trades, or professions in which people work identified by types. The general classifications of types of business include industrial and commercial or they may be broken into for-profit and not-for-profit (nonprofit). The North American Industry Classification System (NAICS), which includes such business classifications as trade, retail, services, and information sectors is listed among resources in Site Location Assistance.com as is NAPCS (North American Product Classification System).

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define business climate ... something that needs to be positive to attract prospects
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define business decision maker ... a business person who takes on the responsibility of risk
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define business developer ... one who works for a business to convert leads to prospects
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define business development ... the bringing in of new customers or clients to a business
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define business development networking ... exchanging of lead or prospect information
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define business enterprise ... a for profit enterprise operation or entrepreneurial venture
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business expansion ... enterprise development that leads to economic development
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business incubation ...a process for enterprise startup. The glossary at Small Business Notes.com defines the term as ... workspace and an instructive, supportive environment to entrepreneurs at start-up and during the early stages of businesses. Another website with information about incubators is www.nbia.org (National Business Incubation Association, Athens, OH). The NBIA website has a resource library (access). Also, see incubate and incubation center in the Enterprise and Economic Development Glossary you are now using.
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business location work ...site selection.
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business network ...
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business networking ... activities that lead to building and maintaining working relationships; the essential activity for directly promoting and exchanging information within a business process, for example, the enterprise development process which includes site location work; the endeavor implied in the mission statement of The Network as necessary to initiate and carry on with a specific enterprise and economic development effort. See Resources for Serious Business Networkers.
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business operation ... the process or series of actions taken that make an enterprise functional; the method that requires management on a day-to-day in order to keep an enterprise in business as planned. http://www.findmehere.com/search/dictionary/b/business_op.htm + operations
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define business park ... a commercial real estate where businesses are located.


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business plan ... a basic management tool for guiding an enterprise into its future. See Elements of a Business Plan as well as more information about them published by Entrepreneur.com.
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define business publication ...
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business retention ... the result of a place seeking economic development taking a best practice approach in order to keep valued enterprises contributing to community vitalitydashsee jobs retention; the economic development effort of encouraging employers to stay put and grow where they are as valued contributors to a local economydashsee Summary of Best Practices for Local Economic Development A consultant, Joan Herron, once stated to a group of area and local development representatives that if ... a community has only $1.00 to spend on economic development, it should be spent on business retention (paraphrased).
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business venture ... to set out on a venture by placing capital and/or time at risk; an operation of enterprise with an indication that there is a degree of risk involved; a commercial enterprise (one connected with buying and selling of goods and/or services); an industrial enterprise (one connected with producing and distributing items for a market); an entrepreneurial effort
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define body of knowledge ... Definition of common body of knowledge provided by Business Dictionary.com. The BOK (Body of Knowledge) for economic development is not something that you can find in one place. Case in point: A collection of information for learning about the subject is likely to offer an explanation of economic development as a process or practice. A plethora of economic development definitions exists—access a collection of those that altogether contain the operative words and expressions that, in effect, explain what drives the process.
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The thesis library of the Economic Development Institute at the University of Oklahoma (OU/EDI) is a BOK collection. It not only has dissertations presented by those who have gained credentials as practitioners since the mid-1960s but the its classification system provides an overview of the elements of economic development data.

The OU/EDI classifications of theses titles are worth comparing to site selection standards developed by a development alliance of 2001 which included the International Economic Development Council. Also, it may be worthwhile to review the standards set forth by IDRC in light of the definition of location data standards in the glossary you are now using.

From the standpoint of locations seeking prospects, its easy to understand why site selection standards by any nomenclature can be referred to as elements of economic development data. Site selection is a process of enterprise development. The Network uses the term enterprise and economic development for the good reason that it encompasses additional BOKs of interest to members its target user group.

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define bottom line ... that which remains after all is said and done; i.e., the upshot of it
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define B2B ... Business To Business.
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define B2C ... Business To Consumer
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define business venture ... a for profit entrepreneurial undertaking
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Scroll through the list of terms or page search for what you want. Select the linked word define for a glossary definition. Also, there are other links on the page to additional definitions or for expanding informational content. We (who we are) offer personal search assistance for free in the event that you do not find what you want or if there is a problem.

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Use the search engine at the top of this page if you would rather move on from the .network glossary. Suggestion: Google for a term of more than one word using a phrase search, i.e., set the term in parentheses. Type the words definition of first and either set them inside or outside of the phrase, for example: "definition of economic development"

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Economic Development Services, Inc. / copyrights © and all rights reserved / 03/05/2011