| Basic risk | The difference between the futures price and the spot price. |
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| Behaviourial Portfolio | An investor is guided by his own goals rather through the principles of diversification. |
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| Benchmarking | The performance of a M.F. scheme, say H1/H2, is compared with the standards already laid down for the scheme and w.r.t. sensex etc. |
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| Beneficiary | The person or party the owner of an insurance policy names to receive the policy benefit if the event insured against occurs. |
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| Benefit period | In health insurance, where medical benefits are paid after the deductible is satisfied. |
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| Benefits | Under each coverage, the amount received by the claimant, assignee or beneficiary by an insurance company |
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| Beta | The beta of an investment is determined by a certain regression relationship. |
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| Binomial model option valuation | It sets up a portfolio identical to the call option in its pay off, the cost of which must represent the value of the call option |
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| BONUS | Part of the divisible surplus that is apportioned to and attached to a with-profits (or participating) life insurance policy. |
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| Broker | He represents the insured, solicits and accepts insurance business subject to underwriting by the insurer. |
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| Broker | A person representing the buyers of property and liability insurance, and a marketing specialist deals with either agents or companies to provide proper coverage required by the customer. |
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| Business-Continuation Insurance | An insurance plan that enables the owner(s) of a business to provide for the continued operation of the business if the owner or a key person dies. |
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| Buy-Sell Agreement | An agreement in which one party agrees to purchase a second party's financial interest in a business following the second party's death and the second party agrees to direct her estate to sell that interest to the purchasing party. The purchase is often financed with the proceeds of a life insurance policy. |
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