Glossary of Terms

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Back Up
To print the reverse, or back side, of a sheet
BFR (Budget and Financial Reporting) Code
Departmental position code within the company code structure.
Also referred to as "Organizational (Org.) Code".

The BFR code is a series of ten digit codes within the General Ledger that provides a five level organizational hierarchy structure. Every position and cost object at Duke will be linked to a BFR code at some level in the hierarchy.
Method of holding together a finished book
Biweekly Payroll
Payment of hourly wages to all other employees whose positions are subject to the provisions of the Fair Labor Standards Act. This payroll is paid out approximately every 14 days.
In offset litho printing, the rubber-coater sheet that transfers the inked impression from printing plate to paper. In gravure printing, a similar rubber sheet covers the impression cylinder of a printing press.
An extra amount of printed image that extends 1/8" to 1/4" outside the final trim area of a sheet or page. This allows for tints, images, or other matter to print to the edge of the page. If sheets are printed without the bleed, it is generally not possible to print matter up to the edge of the page.
In offset printing, a photo print made from stripped-up negatives or positives, used as a proof to check position of image elements
Abbreviation for "Board of Trustees".
Bright White
A paper stock, particularly in reference to letterheads and envelopes, etc., of pure brilliant white; as opposed to "off-white"
Budget Incentive Agreement/Formula
Series of agreements established by the Provost's Office, Medical Center, or President in conjunction with the Executive Vice President, whereby a school/organization will share any surplus to budget, consequently the school will also be held accountable for any deficit to budget.
Budget Process
1. Prepare forecast to test assumptions and establish tuition and enrollments.
2. Give departments an opportunity to request funds and set rates according to department's operational requirements.
3. Give Senior Officer's the flexibility to evaluate requests and shift resources according to priorities established by each sector.
4. Consolidate the Budget. If bottom line problem exists, turn back over to Senior Officer for resolution.
5. Present balanced budget to the Board of Trustees for approval.
Building Identification Number
Fixed assets are grouped under building numbers for control and identification purposes.