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| The way they choose to spend their time and money. |
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| A home that is priced lower because it needs |
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The ability to move easily from place to place; renting |
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| A person who pays for the right to live in a residence owned by someone else. |
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| The person who owns the property that you rent from |
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A legal document that defines the conditions of teh rental agreement between the tenant and the landlord |
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To have a person other than the original tenant take over the rental unit and payments for the remaining term of the lease. |
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An amount of money paid to the owner of the property by a tenant to guard against any financial loss that the tenatn might cause. |
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A type of insurance that covers the loss of a tenant's personal property as a result o fdamage or theft. |
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The value of the home less the amount still owed on the money borrowed to purchase it. |
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Regulations that limit how property in a given area can be used. |
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A portion of the purchase aprice the buyer must pay the seller. |
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Is an account in which money is held in trust until it can be delivered to the designated party. |
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Is a special policy that protects the lender in case the buyer cant make payments, or cant make them on time. |
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| Private Mortgage Insurace (PMI) |
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A long-term loan extended to someon who buys property is called a? |
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| Extra charges that must be paid by the buyer in order to get a lower interest rate. |
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| Means that the balance of the loan is reduced every time you make a payment. |
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| Offers the buyer a fixed interest rate and a fixed schedule of payments. |
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| Also known as a variable-payment mortgage, has an interest rate that increases or decreases during the life of teh loan. |
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| Adjustable Rate Morgage (ARM) |
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Is when a person is unable to make payment. |
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| Is a loan based on teh difference between the current market value of your home and the amount you still owe on the mortgage. |
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| To take our a new mortgage at a lower interest rate. |
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| A meeting of the seller, the buyer, and the lender of funds, or representatives of each party to complete the transaction. |
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| Costs the seller and buyer are responsible when a real estate transaction is complete; compiled of fees |
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| A type of insurance that protects the buyer in case problems with the title are found later. |
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| The official document transferring ownership from seller to buyer |
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| An estimate of the curren tvalue of the property and use that as a basis for a listing price |
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A highrisk investment made in the hope of earning a relatively large profit in a short time. |
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Profits that are reinvested are called |
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| The ability to buy or sell an investment quickly without substantially affecting its value. |
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| Money that a business gets from its owners in order to operate. |
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| Distributions of money, stock, or otehr property that a corporation sometimes pays to stockholders. |
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| Stock that provides the most basic form of corporate ownership |
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| Stock that gives the owner the advantage of receiving cash dividends before common stockholders receive any. |
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| A corporation's written pledge to repay a specified amount of money along with interest. |
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A written pledge of a government or a municipality to repay a specified sum of money with interest. |
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| An investment alternative in which investors pool their money to buy stocks, bonds, and other securities based on the selections of professional managers who work for an investmetn company. |
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| The process of spreading your assets among several different types o finvesmetns to lessen risk. |
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| A specialist who is trained to offer specific financial help and advice. |
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| Income that will be taxed at a later date. |
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| Profit form the sale of an asset such as stocks, bonds, or real estate. |
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The sale of an invesmtent for less than its purchase price. |
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| A document that discloses information about a company's earnings, assets and liabiliteis, its all products or services, and the qualifications of its management. |
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Are all investments, including stocks, bonds, mutual funds, options, and commodities, that are traded. |
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A corporation whose shares are owned by a relatively small group of people and are not traded openly in stock markets. |
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| Publicly held corporation, is one that sells its chares openly in stock markets where anyone can buy them. (AT&T, General Electric) |
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| A document that transfers a stokholder's voting rights to someone else. |
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| Gives current stockholders the right to buy any new stock the corporation isseus before the stock is offered to the general puclic. |
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| A process in which the shares of stock owned by existing stockholders are divided into a larger number of shares. |
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| Is an assigned (and often random) dollar value that is printed on a stock certificate. |
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| Considered a safe investment that generally attracts conservative investors. |
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Pays higher-than-average dividends compared to other stock issues. |
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| Issued by a corporation whose potential earnings may be higher than the average earnings predicted for all the firms in the country. |
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| A market value that tends to reflect the state of the economy. |
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| Stock that remains stable during declines in the economy. |
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