Archives: Glossary

BUILT-IN’S

Commonly stoves, ovens, dishwashers, and other appliances, framed into the building construction and not movable.

BUILT-UP ROOF

A level roof composed of layers of roofing materials (tars and waterproof paper), covered with fine gravel.

BULK SALE

A transfer in bulk, not in the ordinary course of business, of all or substantially all of the inventory and fixtures of a business.

BULK SALES ACT

Laws to protect creditors against secret sale of all or substantially all of the merchant’s goods. Requires certain notice before sale, and sets forth methods of voiding improper sales. See also: Uniform Commercial Code.

BULKHEAD

(1) A partition in a ship. (2) A retaining wall to hold back water and thereby extend the shoreline.

BULKHEAD LINE

A line established in navigable waters beyond which no solid fill can be used. The Army Corps of Engineers establishes the bulkhead line and also the pier line, beyond which no pier can be constructed.

BUNDLE OF RIGHTS

A theory comparing property rights to a bundle of sticks. Each of the usual property rights (possession, alienation, etc.) is represented by a stick and is, therefore, considered separately.

BUS

A copper bar through which electrical current flows.

BUS DUCT

A metal clad enclosure containing a bus.

BUSINESS

Unqualified, the word has no definite meaning, but has come to be understood to be any activity by which people earn money.

BUSINESS CYCLE

The economic cycle of prosperity, followed by a decline, and then a return to prosperity.

BUSINESS OPPORTUNITY

The sale of a business (may or may not include the sale of real estate). Some states require a real estate license for these sales even when real estate is not involved. The Uniform Commercial Code, state statutes, and special laws for alcoholic beverage licenses (when applicable) should be studied by the business opportunities broker.

BUTT JOINT

The meeting end to end (butting) of two members to form a connection (joint).

BUTT LOG

The log immediately above the stump of a tree.

BUTTE

A steep hill, usually standing alone.

BUTTERFLY ROOF

A roof formed by two gable roofs concave to a center ridge. The roof resembles the shape of a butterfly’s wings.

BUTTRESS

A support for a wall. A prop. If the buttress projects from the wall and supports by lateral pressure, it is called a “flying buttress”.

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