Glossary of terms used on this site
There are 266 entries in this glossary.
All |
|
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
| Term | Definition |
|---|---|
| Balance Sheet |
A detailed summary of a company's financial condition at a specific point in time.
|
| Balloon Payment |
A large principal payment that typically becomes due at the conclusion of the loan term. This final payment is significantly larger than the previous payments of the loan.
|
| Bankruptcy |
A process in which an insolvent debtor's assets are liquidated by court order and the debtor is relieved of further liability.
|
| Base Rent |
A set amount used as a minimum rent in a lease with provisions for increasing the rent over the term of the lease.
|
| Blanket Loan |
A type of loan used to fund the purchase of multiple pieces of real property. This type of loan is frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels.
|
| Blockbusting |
The practice of persuading homeowners in a particular neighborhood to sell their homes quickly, often at a loss, by creating the fear that minority groups will move into their neighborhood causing property values to decline.
|
| Breach of Contract |
The violation of any terms or conditions in a contract without having a legal excuse such as the failure to make a loan payment when due.
|
| Bridge Loan |
A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation.
|
| Build Out |
The space improvements put in place per the tenant's specifications.
|
| Build to Suit |
The construction of a building or property that suits the particular needs of the occupant
|
| Builder’s Warranty |
A guarantee as to the quality of construction offered by a building contractor.
|
| Building Standard |
A list of materials and finishes used in the build-out, repair or restoration of a tenant's suite.
|
| Buyer Agency Agreement |
A written contractual agreement in which an agent commits to provide services necessary to secure a transaction and the purchaser commits to working with that agent for a specified time period.
|
| Buyer’s Agent |
A real estate broker or salesperson who represents a prospective purchaser or tenant in a real estate transaction.
|
| Buyer’s Market |
The condition which exists when a buyer is in a better position as to price and terms because the real property for sale is in greater supply in relation to demand.
|
Glossary 2.5 is technology by Guru PHP
