Board of Governors: governing body of the Federal
Reserve System; establishes policies for the Fed. It consists
of seven persons appointed by the President for 14-year
terms.
bond: a written promise to repay a loan plus interest,
usually more than one year after the bond is issued. Investors
buy bonds from a company or government entity, essentially
loaning the company or government that money. A certificate
representing indebtedness, usually of a corporation or unit of
government, to the holder.
boom: the peak of the business cycle; business is
producing at or near capacity.
boycott: a refusal to do business with a firm involved
in a labor dispute.
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breakdown: (a) a situation in which a machine or vehicle
stops working; (b) analysis; information, separated in
different groups, details shown item by item.
