Soil used to solidify the foundation of a structure.
Back title letter
A letter that a title insurance company gives to an attorney who then examines the title for insurance purposes.
Back-to-back escrow
Arrangements that an owner makes to oversee the sale of one property and the purchase of another at the same time.
Backup offer
A secondary bid for a propertythat is accepted if the first offer fails.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
Balance sheet
A statement that shows the assets, liabilities and net worth of an individual.
Balloon loan
A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.
Balloon payment
The final lump sum payment due at the end of a balloon mortgage.
Balloon-frame construction
A type of framing used in two-story homes in which studs extend from the ground to the ceiling of the second floor.
Balustrade
Railing held up by a set of posts on a porch or stairway.
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