Terms Starting with B

  • Better Business Bureau (BBB) Company,
      CanEquity Mortgage has been a BBB accredited business since 2002.
    • Betterment Definition,
      • An improvement or replacement that increases a property's value.
    • Bidding War Definition,
      • Multiple, competing offers for a piece of property or item that escalate the price. Usually results in a happy seller.
    • Big Bay Marina Airport (YIG)Acronym, Stuart Island, British Columbia, Canada,
      • Big Trout Airport (YTL)Acronym, Big Trout Lake, Ontario, Canada,
        • Biggar & District Credit UnionCompany, Saskatchewan, Canada,
            A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
          • Bilateral Aid Agency (BAA)Acronym,
            • Bilateral Contract Definition,
              • A legal agreement in which both parties promise to give each other something. A purchase agreement in which the buyer promises to give money and the seller promises to transfer property is a bilateral contract.
            • Bill of Lading (B/L)Acronym,
              • Bill of Sale (BS) Acronym, Important,
                • A written document that serves as evidence of the transfer of title to personal property.
              • Bill of Sale Deed (BSD)Acronym,
                • Bill Payment Cancelled (BC)Acronym,
                    Bank account transaction code.
                  • Bill Presentment Definition,
                    • An online system that allows customers to receive and view the bill on a computer, and then pay the bill electronically. Users can pay their bills immediately and the money is transferred from the account.
                  • Billing and Accounts Receivable (BAR)Acronym,
                    • Billing Cycle Definition,
                      • The number of days between the last statement date and the current statement date.
                    • Billing Statement Definition,
                      • A monthly bill that is sent by a creditor to the customer that provides a summary of the activity on an account. This can include balances, purchases, payments, credits, and finance charges.
                    • Billing, Inventory Control, Accounts Receivable, & Sales Analysis (BICARSA)Acronym,
                      • Billy Bishop Regional Airport (YOS)Acronym, Owen Sound, Ontario, Canada,
                        • Binder Definition,
                          • An agreement to consider the purchase of real estate. The agreement is secured and backed by a cash deposit as evidence of good faith on the part of the purchaser.
                        • Binding Death Benefit Nomination (BDBN)Acronym, Australia,
                          • A legally binding document given to a trustee that states the beneficiaries of a life insurance death benefit.
                          Mostly an Australian insurance term.
                        • Biweekly Accelerated Payment Definition,
                          • A mortgage that schedules payments every two weeks instead of the standard monthly payment. The 26 biweekly payments are each equal to one-half of the monthly payment. The result for the borrower is a substantial reduction in interest payments because the mortgage is paid off sooner.
                        • Black (blk)Abbreviation,
                          • Black Tickle Airport (YBI)Acronym, Black Tickle, Newfoundland and Labrador, Canada,
                            • Blanc Sablon Airport (YBX)Acronym, Blanc-Sablon, Quebec, Canada,
                              • Blank Cheque Definition,
                                • A cheque that does not have a dollar amount written on it.
                              • Blanket Insurance Definition,
                                • A form of insurance that covers multiple different classes of property with one policy. Homeowner's insurance, for instance, not only covers damages to the insured home, but also the contents of the home.
                              • Blanket Mortgage Definition,
                                • A mortgage that covers more than one property owned by the same buyer.
                              • Blanket Sales Agreement (BSA)Acronym,
                                • Blended Rate Mortgage Definition, Important,
                                  • If a homeowner renews his or her mortgage early, the old and the new mortgage rates are blended together to split the difference between the interest rates.
                                • Blighted Area Definition,
                                  • An ugly, run-down neighbourhood.
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