Renting
the cost of using someone else’s property
Rent
Ninety percent of home buyers pay for their home with
Mortgage
How plants convert sunlight into energy
photosynthesis
An arrangement between an individual and an insurer to protect the individual
Insurance
Mona breaks an arm and goes to the hospital to treat the injury. Which type of insurance would help cover the costs of medical bills?
Health Insurance
An advance payment for costs beyond normal housing wear and tear
Security Deposit
The maximum amount an individual should pay for the purchase price of a home is:
2 ½ times his/her annual household income
Paying a higher what can decrease your car loan?
The down payment
Amount paid by the policy holder for an agreed upon portion of the loss
Deductible
Kim’s car is damaged when a tree falls on it. Which coverage will be needed in order to replace the car?
Comprehensive
When the landlord and tenant agree to a no lease agreement, this means that the tenant is responsible for the property:
Month to Month
The components that affect the amount of the mortgage payment include:
Interest rate, amount borrowed, length of loan
The lemon law is designed to protect consumers who purchase:
New Cars
Uncertainty about a situation’s outcome
Risk
As part of Luka's new job, the employer will provide health, life, and disability insurance. Access to this insurance is provided in addition to the regular salary. This is known as:
Employee benefits
This occurs when the tenant does not voluntarily move out after the landlord has given the required notice to the tenant:
Evection
Real estate property taxes are paid
Monthly
The base price that is quoted is the price of the car:
With only the standard equipment, no extra options
Ravi will need to pay $120 per month in order to purchase a health insurance policy. This monthly payment is known as the:
Premium
It is recommended that life insurance be purchased when the:
Individual has dependents
When a tenant moves out and allows someone else to move in and take over the rent payments, it is called:
Sub Leasing
The equity that you build by making mortgage payments is:
The value of the home after the mortgage debt is subtracted
The process of determining the actual terms of the purchase and agreement between the seller and the buyer
Negotiating
The minimum amount of insurance required by law for automobiles is known as:
Liability insurance
The beneficiary of a life insurance policy is the individual who:
Receives any proceeds if the insured person dies