Terms Starting with B

  • Bulletin Board Service (BBS)Acronym,
    • Brantford Home Builders' Association (BHBA) Company, Canada,
      • Bathroom (bth)Abbreviation,
        • Blanket Sales Agreement (BSA)Acronym,
          • Banque Royale du Canada (BRC)Company, Canada,
              French acronym for Royal Bank of Canada.
            • Bronson Creek Airport (YBM)Acronym, Bronson Creek, British Columbia, Canada,
              • Bankruptcy Chapter 13 (BK13)Acronym, United States,
                  A US bankruptcy term.
                • Balance of Payments (BOP)Acronym,
                  • British Columbia Construction Association (BCCA) Company, British Columbia, Canada,
                    • Bow Valley Credit Union (BVCU) Company, Alberta, Canada,
                        A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                      • Bridge Loan Definition,
                        • A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower's current home. The borrower's current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home's first mortgage at the bridge loan's closing, while others pile the new debt on top of the old. They usually run for a term of six months.
                      • Basement (bmt, b, bsmt)Abbreviation,
                        • Best's Capital Adequacy Relativity Definition,
                          • A percentage used to measure a company's relative capital strength as compared to an industry peer composite.
                        • Bankruptcy (BK) Acronym, Important,
                          • A court action under the Federal Bankruptcy Code by which a debtor's debts may be discharged, usually by transferring assets to a trustee, or rescheduled.
                        • Broad Form Insurance Definition,
                          • Insurance that covers rare events not normally covered in an existing insurance policy.
                        • Burden of Proof (BOP) Acronym,
                          • The legal requirement to provide enough evidence to win a lawsuit. In civil cases, such as tax court, the burden is decided by the preponderance -- the most -- evidence. Except in cases of tax fraud, the burden of proof in a tax case generally is on the taxpayer.
                        • Buy-down Definition,
                          • When a borrower or a mortgage broker "buys down" a mortgage rate, they make an upfront payment to the lender in order to lower the mortgage rate. A similar effect can be achieved by making a lump sum payment at the beginning of a mortgage term.
                        • 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.
                        • Borden Airport (YBN)Acronym, Borden, Saskatchewan, Canada,
                          • Backup Offer Definition,
                            • A bid for a property that the owner will consider if the current transaction falls through.
                          • Bylaws Definition,
                            • The written rules governing an organization such as a homeowners association.
                          • British Columbia Institute of Technology (BCIT) Company, British Columbia, Canada,
                            • Better Business Bureau (BBB) Company,
                                CanEquity Mortgage has been a BBB accredited business since 2002.
                              • Bungalow (bung)Abbreviation,
                                • Bad Credit Definition,
                                  • Someone who carries a higher credit risk.
                                • Blubber Bay Airport (XBB)Acronym, Blubber Bay, British Columbia, Canada,
                                  • Building Code Commission (BCC)Acronym, Canada,
                                    • Business Travel Accident Insurance (BTAI)Acronym,
                                      • Balloon Payment Definition,
                                        • A loan instalment that is larger than the other, periodic payments and pays off the remaining principal.
                                      • Bond Ladder Definition,
                                        • A series of bonds with different maturity dates, often times evenly spaced over a set period of time.
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