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Find a Business or PersonHome > Homecare & Decor > Selling & Buying A Home > Real Estate Terms > Real Estate Terms - B > Page 2
Real Estate Terms - B
Board FootA urtit of measuring lumber. One board foot is 12 X 12 X 1 inches, or 144 cubic inches. |
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Bond(1) A method of financing debt by a govern ment or corporation; the bond is interest-bearing and has priority over stock in terms of security. (2) An insurance agreement by which one party is insured against loss or default by another. In the construction business, a performance bond insures the interested party that the contractor will complete the project. |
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Book ValueThe value of an asset plus improvements less depreciation |
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BootThe additional value given when trading prop erties in order to equalize their values. |
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Bottom Land(1) Low-lying ground such as a valley. (2) Low land along a waterway formed by alluvial deposits. |
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BreachViolation of an obligation in a contract. |
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British Thermal Unit (Btu)The unit of heat re quired to raise one pound of water one degree Fahrenheit. Describes the capacity of heating and cooling systems. |
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Broker (real estate)An agent licensed by the state to carry on the business of dealing in real estate. He or she usually receives a commission for services of bringing together buyers and sellers, or tenants and landlords. |
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Building LineA line set by law or deed a certain distance from the street line, in front of which an owner cannot build on a lot. Also known as a setback line. |
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Building RodeA set of laws that control the design, materials, and similar factors in the construction of buildings. |
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