Real Estate Terms - letter B



Real Estate Terms - letter B

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Letter B


Balance sheet
A financial statement that shows assets, liabilities, and net worth as of a exact date.

Balloon payment
The final lump sum payment that is made at the maturity date of a balloon mortgage.

Blanket insurance policy
A particular policy that covers more than one piece of property (or more than one individual).

Blanket mortgage
The mortgage that is protected by a cooperative project, as opposed to the share loans on individual units within the project.



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