What Is Burden of Proof? Burden of proof is a legal standard that determines if a legal claim is valid or invalid based on the evidence produced. The burden of proof is typically required of one party in a claim, and in many cases, the party that is filing a claim is the party that
What Was the Bureau of Public Debt? The Bureau of Public Debt was an agency within the United States Department of the Treasury that was responsible for borrowing funds for the federal government to use, maintaining accounts of the government’s outstanding debts, and providing services to other federal government agencies. Key Takeaways The Bureau of
What Is a Bureaucracy? The term bureaucracy refers to a complex organization that has multilayered systems and processes. The systems and processes that are put in place effectively make decision-making slow. They are designed to maintain uniformity and control within the organization. A bureaucracy describes the methods that are commonly established in governments and large organizations
What Is the U.S. Census Bureau? The U.S. Census Bureau is a principal agency of the U.S. Federal Statistical System that is responsible for conducting the national census at least once every 10 years. The population of the U.S. is counted in the census. The Bureau is responsible for producing data about the American people
What Is Burn Rate? The burn rate represents the speed at which an unprofitable company consumes its cash reserves. In the case of a startup company, it is the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations. Thus, it is a measure
What Is a Bursary Award? A bursary award is a type of financial payment provided to certain students or prospective students to assist with the costs associated with attending a college or university, primarily in the United Kingdom and Canada. A bursary award, or simply a bursary, is a sum of money given to students
What Is a Burst Basket? A burst basket refers to a transaction that executes the sale or purchase of a group of stocks, known as a basket. A basket is essentially an entire portfolio of stocks from different sectors. This portfolio of stocks is aggregated into a single trading unit, the basket. Baskets typically contain
What Is a Business? The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production (of goods or services). Businesses can be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause. Businesses
What is a Business Asset? A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property. Key Takeaways A business asset is a piece of
What Is a Business Auto Coverage Form? A business auto coverage form is a form that describes the key elements of a business auto policy (BAP). These policies are a common form of insurance used by companies who operate fleets of company-owned vehicles. The business auto coverage form lays out key information such as which
