Black-box meaning

A usually large, square room with black walls used as a space for theatrical performances.
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An intricate, compact electronic component or device, such as a flight recorder, that can be quickly connected or disconnected as a unit.
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Anything having a complex function that can be observed but whose inner workings are mysterious or unknown.
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A complex software program that is used to determine a price that a security should be sold at, indicate what trades should be done, or give the result of a financial calculation. The inner workings of a black box pricing formula are not explained to the users or are very complex and hard to understand, so users refer to the end result as black box number.
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(aviation) Informal name for the brightly colored cockpit voice recorders and flight data recorders in an aircraft designed to aid in determining the cause of an accident.
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(transport) By extension, any similar device on motor vehicles, such as rail event recorders and ship trip recorders.
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