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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


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.
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

Financial Lit

QuestionAnswer
Mortgage loans A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender
Closing costs Closing costs are fees paid at the closing of a real estate transaction. This point in time called the closing is when the title to the property is transferred to the buyer.
Real estate taxes Property tax is a tax assessed on real estate. The tax is usually based on the value of the property
Assessed value An assessed value is the dollar value assigned to a property to measure applicable taxes
Tax rate A tax rate is the percentage at which an individual or corporation is taxed
Market value the amount for which something can be sold on a given market.
Rate of assessment An assessed value is the dollar value assigned to a property to measure applicable taxes
Homeowners insurance Homeowners insurance is a form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home
Property damage coverage This coverage typically pays if another person's property is damaged when you're legally at fault in an accident
Personal liability coverage The personal liability coverage within your homeowners policy provides coverage for bodily injury and property damage sustained by others for which you or your family members are legally responsible
Medical coverage pays for medical and surgical expenses incurred by the insured
Loss-of-use coverage pays for medical and surgical expenses incurred by the insured
Replacement value he amount that an entity would have to pay to replace an asset at the present time
Premium an amount to be paid for an insurance policy
Fire protection costs It is a number from 1 to 10 that refers to the public protection facilities in a geographic area
utility costs expenditures: Electricity. Heat (gas) Sewer. Water.
Security deposit a sum of money held in trust either as an initial part-payment in a purchasing process
Created by: quinnballou