| BALANCED
GEARING |
|
The situation when an investment such as property or shares
is purchased with the assistance of borrowed funds and where
the rental or dividend income (af ter the deduction of expenses)
is exactly equal to the interest commitment in the course of
a financial year. |
|
| BAS |
|
Business
Activity Statement. |
|
| BEAR |
|
An
investor who expects the market to go down, a pessimist. |
|
| BENEFICIAL
OWNERSHIP |
|
The
entitlement to the benefits flowing from a particular asset,
as distinct from being recorded as the registered proprietor
of that asset |
|
| BENEFICIARIES
(DECEASED ESTATES) |
|
The
persons who collectively are entitled to receive income and
capital payments from a deceased estate, in accordance with
the terms of the will or the laws re lating to intestacy. |
|
| BENEFICIARIES
(TRUSTS) |
|
The
persons who collectively are entitled to receive income and
capital payments from a trust fund, in accordance with the rules
set out in the relevant trust deed; persons can be beneficiaries
for income only, for corpus only or for both. |
|
| BEQUEST |
|
Property
left to a person by another per son's will. |
|
| BODY
CORPORATE |
|
In
relation to strata title complexes, a spe cial sort of company,
jointly owned and controlled by the property owners concerned.
However, it is not subject to the normal companies legislation.
It owns the common property shown on the plan of subdivision. |
|
| BOMA |
|
Building
Owners' and Managers' Associa tion (now Property Council of
Australia). |
|
| BONA
FIDE |
|
Genuinely,
sincerely. |
|
| BONA
FIDES |
|
Honest
intention. |
|
| BONUS
UNITS |
|
Additional
units in a unit trust issued without cost to existing unitholders
to re flect capital growth. |
|
| BOOM |
|
Excellent
trading conditions generally or in a particular area of activity
?for exam ple, mining boom, property boom, share boom, retail
boom, and so on |
|
| BRIDGING
FINANCE |
|
A
temporary loan, often at a relatively high rate of interest,
to enable the settle ment of a property purchase to take place
pending the grant of a permanent loan or the completion of the
sale of another property. |
|
| BULL |
|
An
investor who expects the market to go up, an optimist. |
|
| BUSINESS
ACTIVITY STATEMENT |
|
A
single form used to report various Federal tax obligations and
entitlements. |
|
