price and markettrends. Blowout The rapid sale of all shares in a new securitiesoffering. See: hot issue. Blue list Daily financial publication featuring bondsoffered for sale by dealers and banks that represent billions of dollars in par value. Also available on-line at www.bluelist.com. Blue-chip company Used in the context of general equities. Large and creditworthycompany. Company renowned for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. Gilt-edged security. Blue chip stocks Common stock of well-known companies with a history of growth and dividend payments. Blue-sky laws State laws covering the issue and trading of securities. Bo Derek stock High quality stock. Board broker Employee of the Chicago Board Options Exchange who manages away from the marketorders, which cannot be executed immediately. Board of Directors Individuals elected by the shareholders of a corporation who carry out certain tasks established in the charter. Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. Board room A room at a brokerage firm where its clients can watch an electronic board displaying stock prices and transactions. Also refers to the room where Board of Directors meetings take place. Bogey The return an investment manager is compared to for performance evaluation. Boiler room Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent securities. Boilerplate Standard terms and conditions. Bollinger Bands Plus or minus two standard deviations where the standard deviations are calculated historically in a moving window estimation. Hence, the bands will widen if the most recent data is more volatile. If the prices break out of the band, this is considered a significant move. Bolsa Spanish for stock exchange. Bolsa de Commercio de Santiago (SSE) Chile's preeminent stock exchange. Bolsa de Valores de Rio de Janeiro (BVRJ) Brazil's second-largest stock exchange. Bolsa de Valores de Sao Paulo (BOVESPA) The largest stock exchange in Brazil. Bolt Used for listed equity securities. Block trading version of COLT. Bombay Stock Exchange (BSE) See: National Stock Exchange; Mumbai stock exchange. Bond Bonds are debt and are issued for a period of more than one year. The US government, local governments, water districts, companies and many other types of institutions sell bonds. When an investorbuys bonds, he or she is lendingmoney. The seller of the bond agrees to repay the principal amount of the loan at a specified time. Interest-bearing bonds pay interest periodically. Bond agreement A contract for privately placed debt. Bond anticipation note (BAN) A short-termdebt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bondissue. Bond broker A broker on the floor of an exchange or in the over-the-counter market (OTC) who tradesbonds. Bond Buyer A daily publication featuring many essential statistics and index figures relevant to the fixed income markets. Bond Buyer's municipal bond index A municipal bond price tracking index published daily by the Bond Buyer. Bond counsel An attorney who prepares