Bad debt n. An uncollectible debt arising due to the debtor's refusal to pay, insolvency, or bankruptcy.
Bad faith n. Dishonesty of purpose; lack of fairness and honesty; the continuous and willful failure to fulfill one's duties or obligation.
Badge of fraud n. The facts or circumstances surrounding a transaction that indicate that one party is trying to hinder or defraud another party, especially a court, an opposing party in an action, or a creditor. Such badges include, among other things, the transfer of property in anticipation of litigation or execution.
Badge of slavery n. 1 A legal disability imposed on a slave, such as the inability to vote, own property, or enter into a contract. 2 Any visible trace of slavery, such as racial discrimination in public education.
Bailee n. One who temporarily possesses the personal property of another pursuant to and agreement between them.