Saving and Investing
This refers to hundreds of the largest publicly traded companies and is the basis for some of the largest and most popular mutual funds.
What is the S&P 500?
This is failure to do something you should have done or doing something you should not have done.
What is negligence?
You file for this if you need help from courts to assist in managing your debts.
What is bankruptcy?
This is the difference between how much your home is worth and how much you owe on your mortgage.
What is home equity?
This type of tax is assessed on real estate.
What is property tax?
This is a company that pools money from many investors and buys securities, and is usually safer than investing in individual stocks.
What is a mutual fund?
This term is the legal responsibility for another person’s injury, loss, or pain and suffering.
What is liability?
This refers to the time at least three weeks after the billing date.
What is the grace period?
These are single buildings consisting of two residential units.
What is a duplex?
This type of tax is a tax that is levied on a person’s assets after they die.
What is an estate tax?
This is the act of investing in different assets to avoid the risk of a portfolio consisting of a single class of assets.
What is diversification?
This is a fixed amount the insured must pay before the insurance policy covers the loss or cost.
What is the deductible?
This part of the credit card agreement is often overlooked and ignored. It can include dangerous consequences for not paying your bills on time, and you won’t be planned for it.
What is the fine print?
A loan with a specified interest rate for a set period.
What is a fixed-rate mortgage?
This agency implements and enforces federal tax policy and collects tax revenues.
What is the Internal Revenue Service (IRS)?
This is a portfolio of residential and commercial properties that investors can buy shares in.
What is a real estate investment trust (REIT)?
[DAILY DOUBLE]
This teacher studied and lived in Budapest, Hungary.
Who is Mr. Gonzcy?
[DAILY DOUBLE] This teacher has a dog named Dilly
Who is Ms. Hilliard?
This legal document includes the name and addresses of the tenant(s) and the landlord, dates it begins and ends, lists of rules/restrictions, lists of utilities the tenant is required to pay, and more.
What is the lease?
About half of the federal government’s revenues come from this form of tax.
This term refers to investing specific percentages of a portfolio into different asset categories.
What is asset allocation?
This form of coverage protects your vehicle and its contents in the event of a loss due to a non-accident situation
What is comprehensive physical damage coverage?
This term is the relationship between the balance on a credit card and the credit limit expressed as a percentage. Typically, you‘ll want to keep it low.
What is the credit card utilization rate?
A corporation where residents are shareholders with a legal right to occupy a unit instead of owning their units outright.
What is a housing cooperative or co-op?
This determines the amount of your standard deduction, eligibility for certain income-based deductions and credits, and the rate at which your income is taxed.
What is filing status?