Basketball, like any other major sport, has its own unique words and phrases used by sports journalists, players, and fans. alive:
a ball is alive when it is released by a shooter or thrower, or legally tapped by a jumper during a jump ball; the game clock starts only when the ball becomes alive; compare with live.
alternating-possession rule:
in college, the possession arrow changes direction after each subsequent jump ball situation, alternating which team gets possession for the throw-in.
assist:
the last pass to a teammate that leads directly to a field goal; the scorer must move immediately toward the basket for the passer to be credited with an assist; only 1 assist can be credited per field goal.
backboard:
the rectangular structure, 6' x 3 1/2', to which the basket is attached.
backcourt:
the area from the midcourt line to the end line furthest from the offense's basket.
ball handler:
the player with the ball; usually the point guard at the start of a play.
bank shot:
a shot where the ball is first bounced (or banked) off the backboard at such an angle that it then drops into the basket.
baseline:
see end line.
Source: http://www.firstbasesports.com/basketball_glossary.html