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Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
^
38% - Moderately
38% - Moderately
Asbestos
Synonyms: | cancerous, fireproof, hazardous, toxic |
Acronyms & abbreviations: | asb |
Filed Under: | abbreviation, real-estate |
Tags: | classifieds, property listing, realty |
Definition of asbestos (asb)
- asbestos (asb)
- 1. A fire-resistant element that once was commonly used for insulation in buildings, but was discovered to cause health issues in the lungs. This material is no longer used and is typically removed from buildings when it is discovered.

Asbestos is known to cause lung cancer and is considered highly toxic.

If asbestos is discovered in older buildings, it is usually removed and reinsulated.
Related Terms and Acronyms:
- hazard Anything that poses a potential risk of injury or damage.
- home inspection A thorough examination of a house's visible structural parts and systems, conducted before purchase.
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