WEALTH MANAGEMENT GLOSSARY

B Shares

Backup Withholding

Bailment

Basis

Bearer Bonds

Beneficiary

Bequest

Beta

Block Sale

Blue Chip Stocks

Bond

Bond Power

Book Value

Bull/Bear

Bypass Trust

The tax basis of property (such as stock or real estate) used for determining the gain or loss on its sale, or for claiming a depreciation, casualty loss, or other tax deduction. The tax basis is usually the customer's cost.