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Find a Business or PersonReal Estate Terms - B
Blighted AreaA declining area where property values are affected by destructive economic or natural forces. |
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BlockbustingA method of informing a community of the fact that people of a different race or religion are moving into the neighborhood; this often causes property values to drop, thereby enabling homes to be obtained at below market value. Consequently, this practice is illegal. |
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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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