Web Terms Glossary

E-Commerce words Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
There are 5 names in this directory beginning with the letter B.

An institution that handles savings and checking accounts, issues loans and credit, and deals in government and corporate issued securities.

Bank Account

An account that holds funds within a bank and is subject to additional deposits and withdrawals

Batch Settlement

Each time an order is placed, it is approved and added to a “batch”. But the funds have not actually been charged against the credit cards nor transferred to the merchant’s bank account. That happens when the business manager accesses the Backoffice Order interface to first “capture” the funds for orders in a batch and then to “settle” the batch. Capturing the funds causes the credit cards to get charged and the funds to be transferred to the merchant bank account.


A client to a web server that allows the user to read hypertext documents on the World Wide Web. Netscape Navigator and Microsoft Internet Explorer are examples of popular web browsers.

Business Community

a central point where buyers and sellers can engage in electronic commerce, or build and manage an online business. http://www.ecplace.com is a free Business Community index that Multiactive Software provides free of charge to all ecBuilder merchants.