Bond Beam

Definition of "Bond beam"

Yolanda Russell & Cheryl Rivera PA Walker and Associates

Continuous beam on top of supporting walls, usually constructed of concrete and often having steel rods for additional strength placed within it. Supplies lateral support as well as distributing concentrated vertical loads along the wall. See also tie beam.

Have a question or comment? We're here to help.

Search Real Estate Terms

Popular Real Estate Terms

Termite Shield

Aluminum or metal treated barrier that is placed between the concrete and wood of the foundation of a newly constructed building to prevent termites f ...

Real Estate Broker

A commission broker who locates a buyer or seller of property for a principal. The broker may also arrange for financing the purchase. ...

Replacement Cost

Are you thinking to yourself: What does replacement cost mean?When someone in the Real Estate Market mentions Replacement Cost, they are talking ...

Usury

An interest rate charged on a loan that exceeds the legal maximum interest rate within the state. It is illegal to do so. The maximum interest rate ma ...

Sales Deposit Receipt

Receipt given for a partial payment made on the sale of property. It shows the buyer has made a down payment. ...

Building And Loan Associations

See savings and loan association. ...

Popular Real Estate FAQ

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders us ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or sell ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of the figure. Most lenders use the ratio 28/36. The ...

If I Want To Buy A House And I Know The Property And The Seller Already Have An Agent, Can I Act As My Own Agent And Negotiate A Lower Fee?

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commis ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract ...