[A] [B] [C] [D] [E] [F] [G] [H] [I] [J] [K] [L] [M] [N] [O] [P] [Q] [R] [S] [T] [U] [V] [W] [X] [Y] [Z]

Balloon Payment

Where the final installment payment on a note is greater than the preceding installment payments and it pays the note in full, such final installment is termed a balloon payment.

Beneficiary

(1) One entitled to the benefit of a trust; (2) One who receives profit from an estate, the title of which is vested in a trustee; (3) The lender on the security of a note and deed of trust.

Blanket Encumbrance

A single mortgage or trust deed which covers more than one piece of real estate.

Bona Fide

In good faith, without fraud or deceit; authentic; sincere.

Breach

Violation of an obligation in a contract.

 

 

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