Real Estate Glossary and Terminology

 

[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]

 

(B)

 

BACKFILL

The replacement of excavated earth in a a hole or against a structure.

BALLOON PAYMENT

Where the final installment payment on a note is greater than the preceding installment payments and it pays the note in full such a final installment is termed a balloon payment.

BASE AND MERIDIAN

Imaginary lines used by surveyors to find and describe the location or private or public land.

BENCH MARKS

A location indicated on a durable marker by surveyors.

BENEFICIARY

(1) One entitled to the benefit of a trust: (2) One who receives profit from an estate, the title of which is vested in a trustee: (3) The lender on the security of a note and deed of trust.

BEQUEATH

To give or hand down by a will; to leave by a will.

BEQUEST

That which is given by the terms of a will.

BLANKET MORTGAGE

A single mortgage which covers more than one piece of real estate.

BLIGHTED AREA

A declining area in which real property values are seriously affected by destructive economic forces such as encroaching inharmonious property usages, infiltration of lower social and economic classes of inhabitants and/or rapidly depreciating buildings.

BONA FIDE

In good faith, without fraud.

BREACH

The breaking of a law or failure of duty either by omission or commission.

BUILDING LINE

A line set by law as a certain distance from a street line in front of which an owner cannot build on his lot. (A setback line)

 

[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]


Back to Top