Renting
This is the document signed by both the landlord and potential renter that states the responsibilities of both, including the amount of rent due each month.
What is a lease?
This is the name of the type of loan given when purchasing a home.
What is a mortgage?
Your budget is a major component of this document that includes your monetary goals and strategies to make them happen.
What is a financial plan?
This tax form is completed using information from a W-2 and then filed with the IRS in order to receive a tax return (or determine how much is owed).
What is a 1040?
This cost of college is also referred to as the "Sticker" price.
What is tuition?
When renting, damage to personal items and liability are covered under their insurance.
Who is the renter/tenant/you?
This is the percentage that is usually expected when placing a down payment on a home you are buying.
What is 20%?
Each time you try to balance your budget you find that you are spending more than you make. You are being faced with one of these.
What is a deficit?
This tax form is effectively a receipt of how much you have made throughout the year, as well as how much you have paid into taxes.
What is a W-2?
PlayStation has recently reduced their prices on the PS5 and most of its gaming catalog. The demand curve for PlayStation will shift in this direction.
What is to the right?
One of the perks of renting is that when something breaks in the apartment or house, the responsibility of repairs falls on them.
Who is the landlord?
Many view home ownership as a good idea because a house can be considered this.
What is a (long-term) investment?
You have had the good fortune, when balancing your budget, to find that you are making more money than you are spending. You have one of these.
What is a surplus?
Julio is 23 and a full time student who still lives at home with his parents. When it is time to file taxes, his parents will claim him as this.
What is a dependent?
This form, filled out during the hiring process, provides proof of eligibility of hire.
What is an I-9?
When signing a lease for an apartment, you will be required to pay the first month's rent and this.
What is a security deposit?
It will show you each payment in the life of a mortgage, how much interest/principal is paid each time, and the total amount of interest paid.
What is an amortization schedule?
This type of budgeting guarantees that every dollar you earn is allocated somewhere in your budget.
What is zero-based budgeting?
This tax form tells your employer how much money to withhold for tax payments.
What is a W-4?
This type of federal student loan will not require the student to make interest payments while they are in school.
What is a Direct Subsidized Loan?
When renting, if you must leave and not live on the premises for an extended period, depending on the lease, you may be able to let somebody else live there and cover your rent. This is called...
What is sublet?
ARMs sometimes have this advantage over Fixed mortgages in regards to payment.
What is lower initial interest rates?
When planning to save for your retirement you will want to consider this aspect of the investments you plan to make.
What is the expected rate of return?
This is your pay after deductions. Taxes have been taken from your check.
What is Net Pay/Take home pay?
This market structure could be best described as having only a few firms maintaining control of their sector of the market. It would be relatively difficult for new firms to join in.
What is an oligopoly?