Better Business Bureau - BBB

AAA

DEFINITION of 'Better Business Bureau - BBB'

The Better Business Bureau (BBB) aims to promote ethical business practices, leading to an environment where buyers and sellers can operate under a common understanding of trust. Through encouraging better practices on the part of the consumer and the business and setting proper marketplace standards, the BBB provides educational material regarding general and specific desirable business practices. Firms that adhere to the mandated guidelines can attain BBB accredited businesses status.

INVESTOPEDIA EXPLAINS 'Better Business Bureau - BBB'

Consumers can file a complaint about a business if they feel that they have not been treated fairly. Historically, the BBB successfully resolves 70% of filed complaints. This organization serves to create a more trusting relationship between businesses and consumers.

RELATED TERMS
  1. Business Ethics

    The study of proper business policies and practices regarding ...
  2. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, ...
  3. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with ...
  4. Revenue

    The amount of money that a company actually receives during a ...
  5. Business Model

    The plan implemented by a company to generate revenue and make ...
  6. Wire Fraud

    A situation where a person concocts a scheme to defraud or obtain ...
Related Articles
  1. Professionals

    Ethical Issues For Financial Advisors

  2. Professionals

    Standards And Ethics For Financial Professionals

  3. Entrepreneurship

    Ivar Kreuger: Businessman Or Scam Artist?

  4. Options & Futures

    The Alphabet Soup Of Financial Certifications

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center