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B

Balance Sheet

A financial statement showing a person's assets liabilities and net worth.

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Balloon Payment

When the final payment on a note is greater than the preceding normal installments the final installment is termed a balloon payment. An installment promissory note providing for the last payment to be much larger than any previous payment. By statute any payment more than twice the smallest payment is a balloon payment although in practice generally the term refers only to the last payment.

Entry link: Balloon Payment

Base and Meridian

Imaginary lines used by surveyors from which they find measure and describe the location of lands.

Entry link: Base and Meridian

Base Molding

Molding used at the top of the baseboard.

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Base Show

Molding used at junction of baseboard and floor sometimes called a carpet strip.

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Baseboard

A board that goes around the room against the wall and next to the floor.

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Batten

Narrow strips of wood or metal used to cover joints on the interior or exterior of a building; they are also used for decorative effect.

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Beam

A horizontal structural member supporting a load.

Entry link: Beam

Bearing Wall or Partition

A wall or partition that supports any vertical load in addition to its own weight.

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Bench Marks

A location indicated on a permanent marker by surveyors.

Entry link: Bench Marks


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