Belt Highway


Definition of "Belt highway"

Principal highway designed to divert traffic around a major urban area in order to limit congestion and expedite traffic flow. A belt highway is connected to the urban area by main highways and streets.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Net Present Value Method

A method widely used for evaluating real estate projects. Under the net present value method, the pr ...

Tontine

Early life insurance that provided benefits only to survivors who lived to the end of a certain peri ...

Engineering Approach

Approach in loss prevention placing emphasis on physical features of the workplace as a potential ca ...

Adjournment Of Closing

Act of postponing a closing for another day or place. Adjournments of closing can occur for a variet ...

Reformation

Correcting a mutual error in the original contract that did not property portray the intent of both ...

Receipt

receiving something such as a cash payment. Written statement that something has been received su ...

Related Real Estate FAQ

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Mortgage Loan Types Build or Buy? That’s the Big Question Why Right Now is a Good Time for Millennials to Buy a Home Short Sale Homes 10 Tips for Homebuyers

FAQ

What do I need to know about RV Insurance? What is a treasury index? What is an origination fee? What does FSBO mean? Why do people refinance?