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Glossary

 Backroom
Term used for the service bays where cars are repaired.
 bacteria
unicellular microorganisms that exist either as free-living organisms or as parasites and have a broad range of biochemical, and often pathogenic, properties. Bacteria can be grouped by form into five general categories
 baghouse
a dust-collection chamber containing numerous permeable fabric filters through which the exhaust gases pass. Finer particulates entrained in the exhaust gas stream are collected in the filters for subsequent treatment/disposal.
 BALANCE SHEET
Financial statement listing a company's assets, liabilities, and equity on a specific date.
 Balance Sheet
A Balance Sheet is a financial statement prepared by an accountant that lists a business’ assets (what is owned), liabilities (what is owed), and net worth (assets minus liabilities). It is prepared at the end of an accounting period (for example, a month or a quarter) and can be used to track changes in a company’s indebtedness, liquidity (availability of cash), and profitability.
 ball valve
a valve regulated by the position of a free-floating ball that moves in response to fluid or mechanical pressure.
 Bargain Purchase Option
An option allowing the lessee to purchase the lease asset at the end of the lease term for a price that is fixed substantially below the expected
 Bargain Renewal Option
A lease provision allowing the lessee to extend the lease for an additional term with payments substantially lower than the fair value of the asset, such that exercise of the option appears, at the inception of the lease, purchase appears to be reasonably assured.
 Bentonite
a colloidal clay, largely made up of the mineral sodium montmorillonite, a hydrated aluminum silicate. Because of its expansive property, bentonite is commonly used to provide a tight seal around a well casing.
 berm
a sloped wall or embankment (typically constructed of earth, hay bales, or timber framing) used to prevent inflow or outflow of material into/from an area.
 BID BOND
A type of surety bond wherein the surety company guarantees the bidder will enter into a contract and furnish the required payment and performance bonds.
 bioassay
a method used to determine the toxicity of specific chemical contaminants. A number of individuals of a sensitive species are placed in water containing specific concentrations of the contaminant for a specified period of time.
 bioaugmentation
the introduction of cultured microorganisms into the subsurface environment for the purpose of enhancing bioremediation of organic contaminants. Generally the microorganisms are selected for their ability to degrade the organic compounds present at the remediation site. The culture can be either an isolated genus or a mix of more than one genera. Nutrients are usually also blended with the aqueous solution containing the microbes to serve as a carrier and dispersant. The liquid is introduced into the subsurface under natural conditions (gravity fed) or injected under pressure.
 bioavailability
the availability of a compound for biodegradation, influenced by the compound's location relative to microorganisms and its ability to dissolve in water.
 biocide
a substance capable of destroying (killing) living organisms.
 biodegradability (or biodegradation potential)
the relative ease with which petroleum hydrocarbons will degrade as the result of biological metabolism. Although virtually all petroleum hydrocarbons are biodegradable, biodegradability is highly variable and dependent somewhat on the type of hydrocarbon. In general, biodegradability increases with increasing solubility; solubility is inversely proportional to molecular weight.
 biodegradation
a process by which microbial organisms transform or alter (through metabolic or enzymatic action) the structure of chemicals introduced into the environment.
 biomass
the amount of living matter in a given area or volume.
 boiling point
the temperature at which a component's vapor pressure equals atmospheric pressure. Boiling point is a relative indicator of volatility and generally increases with increasing molecular weight.
 BOOK VALUE
The value of an item or property at a specific time after deducting depreciation from original cost.
 BP
BP is of one of the world's leading energy companies with operations on six continents and in over 100 countries including North and South America, Europe, Asia, Australia, Africa and Russia. BP's key strengths are oil and gas exploration and production; the refining, marketing and supply of petroleum products and the manufacturing and marketing of chemicals. BP supports all its businesses with high quality research and technology.
- High visibility retailer with approximately 28,500 sites worldwide
- Serves around 14 million customers everyday
- Innovative in retail offerings
- Market leader of clean fuels Our US Brands Include: BP, ARCO, ampm and Castrol Each brand has its own unique history and heritage and each follows a set of clear and well-defined brand guidelines. The BP Brand BP is a distinctive, global company with an unshakable commitment to human progress. We serve approximately 14 million customers, providing products they need every day. Our products provide the freedom to move, to heat, to innovate. We believe this freedom is inseparable from the responsibility to produce and consume energy in ways that respect both human rights and the natural environment. Every day more than 100,000 employees combine their energy and innovation to build the BP brand. Superior marketing capability is essential to BP’s current and future success and enables the company’s strategy to sustain profitable organic growth. Our marketing strategy keeps us at the forefront of current and new markets and maintains BP’s position as one of the world’s most successful companies. Effective marketing leads to better innovation, closer customer relationships and increased value for all stakeholders.
What We Stand For The BP brand encompasses all our people, the products we sell, the technologies we develop and the relationships we build. We have four core values that emphasize everything we do:
- Performance Driven - setting global standards
- Innovative - delivering breakthrough solutions
- Progressive - always looking for a new and better approach
- Green - demonstrating environmental leadership and social responsibility The ARCO and ampm Brands are Franchised by BP West Coast Products BP aspires to be one of the world's prominent brands, with a sustainable long term future. This is captured by the phrase ‘beyond petroleum', reflecting our brand positioning today and our goals to respond creatively to the world's future energy needs. BP is "reinventing the energy business." http://www.bp.com/
 Branded Fuel
Retail fuel sold under a major brand name (i.e. BP, Chevron, Shell)
 Btu
 bubble radius
the maximum radial distance away from a biosparging well where the effects of sparging are observable. Analogous to radius of influence of an air sparging well.
 bulk density
the amount of mass of a soil per unit volume of soil; where mass is measured after all water has been extracted and total volume includes the volume of the soil itself and the volume of air space (voids) between the soil grains.
 BUSINESS CONCERN
A business concern eligible for assistance as a small business is a business entity organized for profit, with a place of business located in the United States, and which operates primarily within the United States or makes a significant contribution to the US economy through payment of taxes or use of American products, materials, or labor.
 butterfly valve
a shut-off valve usually found in larger pipe sizes (4 inches or greater). This type of valve can be used for non-critical flow control.
 Buydown
The purpose of BUYDOWN form is to keep truck of money receivable from manufacturers who offers customer discount on some of the products. For example cig’s.
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