Owning
This is a loan for the purchase of real estate. 90% of home buyers pay for their home with this
Mortgage
The cost of using someone else's property
Rent
The price of a car that is just standard, no extras
Base Price
What is the capital of Mexico?
Mexico City
What instrument does Squidward play (from SpongeBob)?
Clarinet
Housing is normally the largest personal expenditure, the max payment should be about _____ of a person's income.
1/3 .(33%)
or 2.5x Yearly Income
Who won the last world cup?
Argentina
Should you obtain a firm price before or after discussing a trade-in
Before
The out of pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
Deductible
The person renting a property
Tenant
The portion of the purchase price of a home that is not borrowed
Down Payment
An advance payment for costs beyond normal wear and tear
Security Deposit
This is the loss in the vehicle's value due to time and use
Depreciation
What was the name of the land acquired by the USA from France in 1803? It spans the area of what is now Louisiana to Montana
Louisiana Purchase
This is the payment to replace earnings during times when workers cannot work due to illness or injury (not worker's compensation)
Disability Insurance
Fees and charges associated with the purchase of a property in addition to the price and down payment
Closing Costs
When a tenant moves out and allows someone else to move in and take over the rent payments
Subleasing
What band was Mick Jagger in?
The Rolling Stones
The damage portion of the liability auto insurance pays for...?
Fixing or replacing the automobile of the driver not at fault
What type of insurance is required by law for automobiles
Liability Insurance
The 3 components that affect the amount of the mortgage payment include:
Interest rate, amount borrowed, length of loan
When the tenant does not voluntarily move out after the landlord has given required notice (Most frequently due to the tenant's inability to pay rent)
Eviction
What was the nickname of the Minnesota Vikings' defensive line in the 60's and 70's? Also the name of a popular song from the late 50's.(TPPE)
The Purple People Eaters
Jake received his first medical bill of the year. It was a total of $1,000. His health insurance policy has a $500 deductible and a 20% co-insurance. How much of the medical bill will Jade be responsible to pay?
$600
Monetary Value of a property minus the amount owed on the property
Equity