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Definitions (129)
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wealth
As defined by R. Buckminster Fuller, the number of days you can survive without working for money, while still maintaining your same standard of living.
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Venture capital
Important source for financing start-up companies or others embarking on new Turnaround ventures that entail some investment risk but offer the potential for above average future profits; also called [..]
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VACANCY RATE
A figure representing either the percentage of units unrented or the percentage of time a single unit remains unrented during the year. If your gross income is $1000 and your vacancy rate is 10% then [..]
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TERM
The period of time until a loan must be repaid.
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Tax advantages
Any type of investment, account, or plan that is either exempt from taxation, tax deferred, or offers other types of tax benefits.
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Stock Split
More shares created at a lower price per share. Stockholders profit if the price goes back up.
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Strategic default
The property owner intentionally defaults on mortgage payments rather than continue to make payments on a property with a greatly reduced value.
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seller financing
The seller acts as the bank and finances any portion of the purchase price for the buyer. The buyer pays the seller the principal and interest agreed upon.
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service contract
A written agreement for a maintenance provider- such as a landscaper, plumber, electrician, or handyman - to perform routine maintenance repairs, and/or emergency service. Service contracts are worthw [..]
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Socialism
Economic system which is based on cooperation rather than competition. Focuses on central governmental planning and distribution and takes care of citizens’ personal lives, using taxpayers’ money.
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