A contract which has a balance of consideration promised by the parties, where each promises performance of the contract.A contract in which the parties involved give mutual promises. Also called a …
Bill Of Sale
Documentary evidence that title to personal property (chattels) has passed to the Purchaser for valuable consideration.A document that transfers ownership of personal property. …
Binder
1. A written commitment from an insurance company to insure a property or a certain risk; or2. A preliminary agreement to purchase a property accompanied by a forfeitable deposit which is lost if the …
Biweekly Loan or Mortgage
A loan which features payments equalling one half of the usual monthly payment made every two weeks (to total 26 in a year), thus substantially reducing the life of the mortgage and the interest …
Biweekly Mortgage
A mortgage that requires payments every two weeks and helps repay the loan over a shorter term. …
Blanket Insurance Policy
A single insurance policy that applies to more than one person or property. …