Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove Ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Finance 6.07

Major Expenditures Vocabulary

TermDefinition
Closing costs Fees and charges associated with the purchase of a property.
Depreciation Decrease in the value of an asset associated with the decline in its remaining useful life.
Down payment Portion of the purchase price that is not borrowed.
Equity monetary value of a property minus the amount owed on the property.
Homeowner's Association dues Monthly or yearly fees that pay for the maintenance of shared areas and necessary repairs throughout the community.
Homeowners insurance Covers damage or loss of the structure and contents, plus liability in case others are injured on the property.
Landlord The person who owns the property.
Leasing Renting a product while ownership title remains with the lease grantor.
Mortgage insurance Protects the lender in case a mortgage loan payment cannot be made and the lender has to take the property back through a process known as foreclosure (also known as private mortgage insurance.)
Mortgage A loan for the purchase or real estate.
Real estate agent Licensed individual representing a buyer or seller in a contractual transaction to purchase real property
Rental agreement A contract specifying the tenant's and landlord's legal responsibilities.
Created by: Tou Xiong