A detailed plan of income and expenses expected over a certain period of time. A budget can provide guidelines for managing future investments and expenses.
- Budget Category
A category of income or expense data that you can use in a budget. You can also define your own budget categories and add them to some or all of the budgets you create. “Rent” is an example of an expense category. “Salary” is a typical income category.
- Buffer Zone
Zoning districts that gradually change from a higher intensity use to a lower intensity use.
- Building Code
Local regulations that control design, construction, and materials used in construction. Building codes are based on safety and health standards.
- Building Line
The distance from the front, rear or sides of a building lot beyond which no structures may extend.
- Building Permit
A permission issued by a city for the construction of a building to ensure compliance with building codes.
- Building Restrictions
Limitations listed in zoning ordinances or deed restrictions on the size and type of improvements allowed on a property.
As it is defined in Crime insurance policies, the unlawful taking of property by forced entry into the premises, or exit from the premises, while the premises are closed for business. There must be visible evidence of forced entry or exit.
- Business Insurance
Life or Health insurance written to cover business situations such as key person, sole proprietor, partnership, corporations, etc.
- Business Owners Policy (BOP)
A commercial package policy designed for certain types of small businesses, combining Property and Liability coverages. Very similar to a Commercial Package Policy (CPP).