Glossary · word list
English terms: Business & Finance
3,179 words and terms, A–Z, from School Launch lessons. Each links to the lesson where it is taught.
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1% ruleEnglish
A screen that a rental’s monthly rent should be at least 1% of its purchase price plus upfront repairs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
A screen that a rental’s monthly rent should be at least 1% of its purchase price plus upfront repairs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
1035 exchangeEnglish
A tax-free exchange of one insurance or annuity contract for another under Internal Revenue Code Section 1035 — though new surrender periods and charges may still make it a bad deal.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
A tax-free exchange of one insurance or annuity contract for another under Internal Revenue Code Section 1035 — though new surrender periods and charges may still make it a bad deal.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
12b-1 feeEnglish
An ongoing distribution and marketing fee paid out of a mutual fund’s assets, named for the SEC rule allowing it; receiving it creates a conflict an adviser must disclose.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
An ongoing distribution and marketing fee paid out of a mutual fund’s assets, named for the SEC rule allowing it; receiving it creates a conflict an adviser must disclose.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
18 U.S.C. §1033English
The federal law barring anyone convicted of a felony involving dishonesty or breach of trust from working in insurance without the regulator’s written consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
The federal law barring anyone convicted of a felony involving dishonesty or breach of trust from working in insurance without the regulator’s written consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
18 U.S.C. §1033 / §1034English
Federal statutes making dishonesty inside the business of insurance — embezzlement, false statements to regulators, threats against the process — federal crimes, with civil penalties under §1034.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
Federal statutes making dishonesty inside the business of insurance — embezzlement, false statements to regulators, threats against the process — federal crimes, with civil penalties under §1034.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
2% ruleEnglish
An older, stricter screen requiring monthly rent of at least 2% of price, generally met only by very low-priced properties.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
An older, stricter screen requiring monthly rent of at least 2% of price, generally met only by very low-priced properties.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
403(b) planEnglish
The salary-reduction retirement plan of public schools and 501(c)(3) nonprofit organizations, also called a tax-sheltered annuity.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
The salary-reduction retirement plan of public schools and 501(c)(3) nonprofit organizations, also called a tax-sheltered annuity.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
50% ruleEnglish
A rough screen that a rental’s operating expenses, including vacancy, average about half its gross rent over time, leaving about half for debt service and cash flow.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
A rough screen that a rental’s operating expenses, including vacancy, average about half its gross rent over time, leaving about half for debt service and cash flow.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
529 planEnglish
A state-sponsored education savings plan with high limits and no income limits: after-tax money grows tax-deferred and comes out federally tax-free for qualified education expenses, while the donor keeps control of the account.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A state-sponsored education savings plan with high limits and no income limits: after-tax money grows tax-deferred and comes out federally tax-free for qualified education expenses, while the donor keeps control of the account.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
70% ruleEnglish
A flip and BRRRR screen that sets a maximum offer at 70% of after-repair value minus the rehab budget.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
A flip and BRRRR screen that sets a maximum offer at 70% of after-repair value minus the rehab budget.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
A
a little (scarce)English
Not enough of something for everyone who wants it.
Kindergarten Business & Finance, Lesson 3.2 (grade K)
Not enough of something for everyone who wants it.
Kindergarten Business & Finance, Lesson 3.2 (grade K)
a lot (plenty)English
More than enough of something.
Kindergarten Business & Finance, Lesson 3.2 (grade K)
More than enough of something.
Kindergarten Business & Finance, Lesson 3.2 (grade K)
abandonmentEnglish
What the insured may NOT do: dump damaged property on the insurer and demand a total loss; property forms expressly refuse abandonment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
What the insured may NOT do: dump damaged property on the insurer and demand a total loss; property forms expressly refuse abandonment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
ability-to-repay ruleEnglish
The CFPB rule, effective January 10, 2014, requiring most mortgage lenders to make a reasonable, good-faith determination, using verified information, that the borrower can repay the loan.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The CFPB rule, effective January 10, 2014, requiring most mortgage lenders to make a reasonable, good-faith determination, using verified information, that the borrower can repay the loan.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
absenteeismEnglish
Workers missing work without warning.
Grade 7 Business & Finance, Lesson 5.2 (grade 7)
Workers missing work without warning.
Grade 7 Business & Finance, Lesson 5.2 (grade 7)
absolute advantageEnglish
The ability to produce more of a good than another producer with the same resources.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +3 more
The ability to produce more of a good than another producer with the same resources.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +3 more
absolute assignmentEnglish
A transfer of all ownership rights in the policy to another person or entity, permanently.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
A transfer of all ownership rights in the policy to another person or entity, permanently.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
abstract of titleEnglish
A condensed history of every recorded instrument affecting a parcel, prepared by an abstractor, which an attorney reviews to give an opinion of title.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
A condensed history of every recorded instrument affecting a parcel, prepared by an abstractor, which an attorney reviews to give an opinion of title.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
accelerated depreciationEnglish
Any method that charges more depreciation in early years and less in later years.
Accounting, Lesson 7.2 (grade 9–12)
Any method that charges more depreciation in early years and less in later years.
Accounting, Lesson 7.2 (grade 9–12)
accelerated (living) benefit riderEnglish
Advances part of the death benefit — commonly up to 50% in this example — to an insured who is terminally ill, reducing what the beneficiary later receives.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Advances part of the death benefit — commonly up to 50% in this example — to an insured who is terminally ill, reducing what the beneficiary later receives.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
acceleration clauseEnglish
A clause allowing the lender, on the borrower’s default, to declare the entire remaining balance immediately due and payable.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A clause allowing the lender, on the borrower’s default, to declare the entire remaining balance immediately due and payable.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
acceptanceEnglish
The offeree’s unconditional agreement to the exact terms of an offer, which forms a contract once communicated to the offeror as the offer requires.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The offeree’s unconditional agreement to the exact terms of an offer, which forms a contract once communicated to the offeror as the offer requires.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
access personEnglish
An adviser’s personnel with access to client trading information, who must report personal securities holdings and transactions under the reporting conventions.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
An adviser’s personnel with access to client trading information, who must report personal securities holdings and transactions under the reporting conventions.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
accessionEnglish
The acquisition of title to additions or improvements to real property; trade fixtures left behind after the lease ends become the landlord’s by accession.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
The acquisition of title to additions or improvements to real property; trade fixtures left behind after the lease ends become the landlord’s by accession.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
accessory dwelling unit (ADU)English
A complete, independent living unit with its own kitchen, bath and sleeping space on the same lot as a principal home, attached to it, inside it or detached from it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
A complete, independent living unit with its own kitchen, bath and sleeping space on the same lot as a principal home, attached to it, inside it or detached from it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
accidental death and dismemberment (AD&D)English
Coverage paying the principal sum for accidental death (and commonly for certain multiple losses) and a capital sum — a percentage of the principal — for lesser dismemberments or loss of sight.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
Coverage paying the principal sum for accidental death (and commonly for certain multiple losses) and a capital sum — a percentage of the principal — for lesser dismemberments or loss of sight.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
accidental death rider (double indemnity)English
Pays a multiple — commonly double — of the face amount if death results from an accident, typically within 90 days of the injury and before a stated age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Pays a multiple — commonly double — of the face amount if death results from an accident, typically within 90 days of the injury and before a stated age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
accountEnglish
A record of the increases and decreases in one item, such as Cash, Equipment or Accounts Payable.
Accounting, Lesson 1.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.2 (grade 3) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
A record of the increases and decreases in one item, such as Cash, Equipment or Accounts Payable.
Accounting, Lesson 1.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.2 (grade 3) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
account bookEnglish
A notebook where money in and money out are written down with dates.
Grade 1 Business & Finance, Lesson 7.4 (grade 1)
A notebook where money in and money out are written down with dates.
Grade 1 Business & Finance, Lesson 7.4 (grade 1)
account numberEnglish
A code that shows an account’s type and place: commonly 100s assets, 200s liabilities, 300s equity, 400s revenue, 500s and up expenses.
Accounting, Lesson 1.4 (grade 9–12)
A code that shows an account’s type and place: commonly 100s assets, 200s liabilities, 300s equity, 400s revenue, 500s and up expenses.
Accounting, Lesson 1.4 (grade 9–12)
accountingEnglish
The system of recording, classifying, summarizing and reporting the financial activity of a business, so that owners and others can make decisions. Bookkeeping is the recording part; accounting includes the analysis and the reports.
Accounting, Lesson 1.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
The system of recording, classifying, summarizing and reporting the financial activity of a business, so that owners and others can make decisions. Bookkeeping is the recording part; accounting includes the analysis and the reports.
Accounting, Lesson 1.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
accounting cycleEnglish
The steps repeated each period: analyze and journalize, post, trial balance, adjust, adjusted trial balance (worksheet), statements, close, post-closing trial balance.
Accounting, Lesson 3.4 (grade 9–12)
The steps repeated each period: analyze and journalize, post, trial balance, adjust, adjusted trial balance (worksheet), statements, close, post-closing trial balance.
Accounting, Lesson 3.4 (grade 9–12)
accounting periodEnglish
The span of time covered by financial statements: a month, quarter or year. A fiscal year is any twelve-month accounting year.
Accounting, Lesson 3.1 (grade 9–12)
The span of time covered by financial statements: a month, quarter or year. A fiscal year is any twelve-month accounting year.
Accounting, Lesson 3.1 (grade 9–12)
accounts payableEnglish
Money the business owes suppliers for things already received.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12)
Money the business owes suppliers for things already received.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12)
accounts receivableEnglish
Amounts customers owe the business for goods or services sold on credit; a current asset.
Accounting, Lesson 6.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · +3 more
Amounts customers owe the business for goods or services sold on credit; a current asset.
Accounting, Lesson 6.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · +3 more
accredited investorEnglish
Under Regulation D, an investor qualified for private offerings — for an individual, net worth over $1 million excluding the primary residence, or income over $200,000 ($300,000 with a spouse) in each of the last two years.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
Under Regulation D, an investor qualified for private offerings — for an individual, net worth over $1 million excluding the primary residence, or income over $200,000 ($300,000 with a spouse) in each of the last two years.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
accretionEnglish
The gradual increase of land by the deposit of soil or sand along a shoreline or riverbank; the added land belongs to the owner of the shore.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The gradual increase of land by the deposit of soil or sand along a shoreline or riverbank; the added land belongs to the owner of the shore.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
accrual accountingEnglish
Recording revenue when it is earned and expenses when they are incurred, whether or not cash has changed hands; required of public companies.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
Recording revenue when it is earned and expenses when they are incurred, whether or not cash has changed hands; required of public companies.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
accrual basisEnglish
Revenue is recorded when it is earned and expenses when they are incurred to earn it, regardless of when cash moves. Required by GAAP.
Accounting, Lesson 3.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.2 (grade 7)
Revenue is recorded when it is earned and expenses when they are incurred to earn it, regardless of when cash moves. Required by GAAP.
Accounting, Lesson 3.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.2 (grade 7)
accrued depreciationEnglish
The total loss in value of improvements from all causes, measured as the difference between cost new and present value.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
The total loss in value of improvements from all causes, measured as the difference between cost new and present value.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
accrued expense / accrued revenueEnglish
An expense incurred but not yet paid or recorded (wages, interest), or revenue earned but not yet billed or recorded.
Accounting, Lesson 3.2 (grade 9–12)
An expense incurred but not yet paid or recorded (wages, interest), or revenue earned but not yet billed or recorded.
Accounting, Lesson 3.2 (grade 9–12)
accumulation phaseEnglish
The period during which a deferred annuity is funded and its value grows tax-deferred; the owner can usually surrender or withdraw during it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
The period during which a deferred annuity is funded and its value grows tax-deferred; the owner can usually surrender or withdraw during it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
accumulation unitEnglish
The measure of a variable annuity owner’s stake while paying in; units are purchased at varying values as contributions arrive.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
The measure of a variable annuity owner’s stake while paying in; units are purchased at varying values as contributions arrive.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
ACH transferEnglish
An electronic payment between bank accounts through the Automated Clearing House network, used for direct deposit and bill payments.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
An electronic payment between bank accounts through the Automated Clearing House network, used for direct deposit and bill payments.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
acknowledgmentEnglish
The insurer's required prompt response to a claim communication — commonly within 10 to 15 working days, state-set.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
The insurer's required prompt response to a claim communication — commonly within 10 to 15 working days, state-set.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
acreEnglish
A unit of land area equal to 43,560 square feet.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Trigonometry, Lesson 8.3 (grade 11–12)
A unit of land area equal to 43,560 square feet.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Trigonometry, Lesson 8.3 (grade 11–12)
active listeningEnglish
Listening closely, then restating what you heard to confirm you understood.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
Listening closely, then restating what you heard to confirm you understood.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
active managementEnglish
Trying to beat a benchmark through security selection or timing, with the higher costs that effort brings.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Trying to beat a benchmark through security selection or timing, with the higher costs that effort brings.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
active participationEnglish
Owning at least 10% of a rental and making management decisions in a significant and bona fide sense; it can allow up to $25,000 of rental loss against other income, phased out as modified adjusted gross income rises from $100,000 to $150,000.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
Owning at least 10% of a rental and making management decisions in a significant and bona fide sense; it can allow up to $25,000 of rental loss against other income, phased out as modified adjusted gross income rises from $100,000 to $150,000.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
active vs. passive investingEnglish
Active investing requires the owner’s ongoing work and decisions; passive investing does not, and no directly owned rental is truly passive.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12)
Active investing requires the owner’s ongoing work and decisions; passive investing does not, and no directly owned rental is truly passive.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12)
active vs. passive involvementEnglish
How much of the investor’s own time and work a strategy demands; no rental is fully passive.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
How much of the investor’s own time and work a strategy demands; no rental is fully passive.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
activities of daily living (ADLs)English
The six basic self-care tasks used as benefit triggers: bathing, dressing, eating, toileting, transferring and continence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
The six basic self-care tasks used as benefit triggers: bathing, dressing, eating, toileting, transferring and continence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
actual cash valueEnglish
Coverage that pays replacement cost minus depreciation: what the used item was worth.
Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
Coverage that pays replacement cost minus depreciation: what the used item was worth.
Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
actual cash value (ACV)English
Replacement cost minus depreciation — the depreciated worth of the property at the time of loss, the purest expression of indemnity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
Replacement cost minus depreciation — the depreciated worth of the property at the time of loss, the purest expression of indemnity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
actual damagesEnglish
Real, measurable loss or injury suffered by the claimant; without damages there is no negligence claim, however careless the conduct.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
Real, measurable loss or injury suffered by the claimant; without damages there is no negligence claim, however careless the conduct.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
actual loss sustainedEnglish
The BOP's common business income basis: the policy pays the real income lost for up to twelve months, commonly with no dollar limit and no coinsurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
The BOP's common business income basis: the policy pays the real income lost for up to twelve months, commonly with no dollar limit and no coinsurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
actual noticeEnglish
What a person actually knows, or has been told or has seen, about an interest in the property.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
What a person actually knows, or has been told or has seen, about an interest in the property.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
actuaryEnglish
A mathematician who uses probability and statistics to measure risk and set insurance prices.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
A mathematician who uses probability and statistics to measure risk and set insurance prices.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
ad valorem taxEnglish
A tax levied according to value; the general real property tax is ad valorem.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
A tax levied according to value; the general real property tax is ad valorem.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
addEnglish
To put numbers together to find how many in all.
Kindergarten Business & Finance, Lesson 7.2 (grade K)
To put numbers together to find how many in all.
Kindergarten Business & Finance, Lesson 7.2 (grade K)
addendum / amendmentEnglish
An addendum is added to the contract at signing and is part of the original agreement; an amendment changes an existing contract afterward and must be signed by both parties.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
An addendum is added to the contract at signing and is part of the original agreement; an amendment changes an existing contract afterward and must be signed by both parties.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
additional paid-in capitalEnglish
The amount received for stock above its par (or stated) value.
Accounting, Lesson 8.3 (grade 9–12)
The amount received for stock above its par (or stated) value.
Accounting, Lesson 8.3 (grade 9–12)
adjustable-rate mortgage (ARM)English
A loan whose interest rate changes at set intervals according to an index plus a fixed margin, within any stated caps.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A loan whose interest rate changes at set intervals according to an index plus a fixed margin, within any stated caps.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
adjusted basisEnglish
Basis plus capital improvements minus depreciation taken (and certain other adjustments).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
Basis plus capital improvements minus depreciation taken (and certain other adjustments).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
adjusting entryEnglish
An end-of-period entry that updates accounts so revenues and expenses fall in the right period. Each one affects one income-statement account and one balance-sheet account, and never Cash.
Accounting, Lesson 3.2 (grade 9–12)
An end-of-period entry that updates accounts so revenues and expenses fall in the right period. Each one affects one income-statement account and one balance-sheet account, and never Cash.
Accounting, Lesson 3.2 (grade 9–12)
adjustmentEnglish
A dollar or percentage amount added to or subtracted from a comparable’s sale price to account for a difference between it and the subject.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
A dollar or percentage amount added to or subtracted from a comparable’s sale price to account for a difference between it and the subject.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
AdministratorEnglish
The state official (or agency) who enforces a state's securities law — the single most-named character on the Series 65.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
The state official (or agency) who enforces a state's securities law — the single most-named character on the Series 65.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
admitted (authorized) insurerEnglish
An insurer granted a certificate of authority to transact insurance in a state; a non-admitted insurer holds no such certificate there.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
An insurer granted a certificate of authority to transact insurance in a state; a non-admitted insurer holds no such certificate there.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
adulteratedEnglish
Made impure or unsafe by adding something harmful or cheap that is not supposed to be there.
Grade 4 Business & Finance, Lesson 5.4 (grade 4) · Grade 5 Business & Finance, Lesson 5.3 (grade 5)
Made impure or unsafe by adding something harmful or cheap that is not supposed to be there.
Grade 4 Business & Finance, Lesson 5.4 (grade 4) · Grade 5 Business & Finance, Lesson 5.3 (grade 5)
adulterationEnglish
Making a product impure by adding cheaper or harmful substances.
Economics & the History of Money, Lesson 3.2 (grade 11–12) · Economics & the History of Money, Lesson 8.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 4.3 (grade 6) · +1 more
Making a product impure by adding cheaper or harmful substances.
Economics & the History of Money, Lesson 3.2 (grade 11–12) · Economics & the History of Money, Lesson 8.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 4.3 (grade 6) · +1 more
advanceEnglish
Commission paid to the agent up front — often several months to a year of expected commission — before the client has actually paid the premiums that earn it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
Commission paid to the agent up front — often several months to a year of expected commission — before the client has actually paid the premiums that earn it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
adverse action noticeEnglish
The written notice a creditor must give an applicant it denies, stating the specific reasons or the right to learn them, generally within 30 days of a completed application.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
The written notice a creditor must give an applicant it denies, stating the specific reasons or the right to learn them, generally within 30 days of a completed application.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
adverse possessionEnglish
Acquiring title to another’s land by actual, open and notorious, continuous, hostile and exclusive possession for the period set by state statute.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
Acquiring title to another’s land by actual, open and notorious, continuous, hostile and exclusive possession for the period set by state statute.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
adverse selectionEnglish
The tendency of those most likely to suffer loss to seek or keep insurance most eagerly — the tilt underwriting exists to correct.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
The tendency of those most likely to suffer loss to seek or keep insurance most eagerly — the tilt underwriting exists to correct.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
adverse selection guardsEnglish
The rules that keep sick-heavy groups from forming: the group must exist for a purpose other than buying insurance, benefits follow a schedule, and participation minimums apply.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
The rules that keep sick-heavy groups from forming: the group must exist for a purpose other than buying insurance, benefits follow a schedule, and participation minimums apply.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
advertiseEnglish
To tell people about something you sell so they will want to buy it.
Kindergarten Business & Finance, Lesson 6.4 (grade K)
To tell people about something you sell so they will want to buy it.
Kindergarten Business & Finance, Lesson 6.4 (grade K)
advertisementEnglish
A sign, picture or message that tells people about a product so they will want to buy it.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 3 Business & Finance, Lesson 6.3 (grade 3) · +2 more
A sign, picture or message that tells people about a product so they will want to buy it.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 3 Business & Finance, Lesson 6.3 (grade 3) · +2 more
advertisingEnglish
Messages that tell people about a product or service and try to persuade them to buy it.
Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 5 Business & Finance, Lesson 6.3 (grade 5)
Messages that tell people about a product or service and try to persuade them to buy it.
Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 5 Business & Finance, Lesson 6.3 (grade 5)
advisory contractEnglish
The written agreement that must disclose services, term, the fee and its formula, prepaid-fee refunds, discretion and the no-assignment promise.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
The written agreement that must disclose services, term, the fee and its formula, prepaid-fee refunds, discretion and the no-assignment promise.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
affiliate (control person)English
A person in a control relationship with the issuer: officers, directors and, as a working test, holders of 10% or more of the voting stock.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
A person in a control relationship with the issuer: officers, directors and, as a working test, holders of 10% or more of the voting stock.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
affiliated business arrangement (AfBA)English
A referral to a settlement-service provider in which the referrer has an ownership interest; lawful only with written disclosure, no required use and no payment beyond a return on ownership.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
A referral to a settlement-service provider in which the referrer has an ownership interest; lawful only with written disclosure, no required use and no payment beyond a return on ownership.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
affinity fraudEnglish
Fraud that targets members of a group (a church, a community, a club) by exploiting their trust in one another.
Personal Finance & Investing, Lesson 8.4 (grade 9–12)
Fraud that targets members of a group (a church, a community, a club) by exploiting their trust in one another.
Personal Finance & Investing, Lesson 8.4 (grade 9–12)
affordableEnglish
Cheap enough that ordinary people can buy it.
Grade 1 Business & Finance, Lesson 4.4 (grade 1)
Cheap enough that ordinary people can buy it.
Grade 1 Business & Finance, Lesson 4.4 (grade 1)
after-action reviewEnglish
An honest look back at a project: what went well, what went wrong, and what to do differently next time.
Grade 7 Business & Finance, Lesson 9.4 (grade 7)
An honest look back at a project: what went well, what went wrong, and what to do differently next time.
Grade 7 Business & Finance, Lesson 9.4 (grade 7)
after-repair value (ARV)English
The estimated market value of a property after planned repairs, based on recent sales of comparable renovated homes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · +2 more
The estimated market value of a property after planned repairs, based on recent sales of comparable renovated homes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · +2 more
agencyEnglish
A fiduciary relationship in which one person, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
A fiduciary relationship in which one person, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
agency by estoppel (ostensible agency)English
Agency created when a principal’s words or conduct lead a third party reasonably to believe that someone is the principal’s agent, so the principal may not deny it.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
Agency created when a principal’s words or conduct lead a third party reasonably to believe that someone is the principal’s agent, so the principal may not deny it.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
agency coupled with an interestEnglish
An agency in which the agent has an interest in the property itself; it cannot be revoked by the principal and does not end at the principal’s death.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
An agency in which the agent has an interest in the property itself; it cannot be revoked by the principal and does not end at the principal’s death.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
agency cross transactionEnglish
A trade in which the adviser (or an affiliate) acts for both its advisory client and the party on the other side — allowed only with disclosure and consent, and the adviser may not recommend the trade to both sides.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
A trade in which the adviser (or an affiliate) acts for both its advisory client and the party on the other side — allowed only with disclosure and consent, and the adviser may not recommend the trade to both sides.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
agency disclosureEnglish
A required explanation, often on a state form or pamphlet, of whom a licensee represents, given early in the relationship and before confidential information is shared or an offer is signed.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A required explanation, often on a state form or pamphlet, of whom a licensee represents, given early in the relationship and before confidential information is shared or an offer is signed.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
agentEnglish
The person authorized to act for the principal; in real estate, the brokerage firm is the agent, acting through its licensees.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12) · Grade 8 Latin, Lesson 2.1 (grade 8)
The person authorized to act for the principal; in real estate, the brokerage firm is the agent, acting through its licensees.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12) · Grade 8 Latin, Lesson 2.1 (grade 8)
agent (producer)English
A licensed individual authorized to act for an insurer in soliciting, negotiating and servicing insurance; many state codes call agents and brokers alike producers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
A licensed individual authorized to act for an insurer in soliciting, negotiating and servicing insurance; many state codes call agents and brokers alike producers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
aggregate limitEnglish
A ceiling on what a policy pays for all losses in a policy period, as distinct from a per-occurrence limit for one event.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
A ceiling on what a policy pays for all losses in a policy period, as distinct from a per-occurrence limit for one event.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
aging scheduleEnglish
A table that sorts receivables by how long they have been unpaid, with a higher estimated loss rate for older amounts.
Accounting, Lesson 6.2 (grade 9–12)
A table that sorts receivables by how long they have been unpaid, with a higher estimated loss rate for older amounts.
Accounting, Lesson 6.2 (grade 9–12)
agioEnglish
The premium people would pay for bank money over the same amount in ordinary coins, because bank money was more trustworthy.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
The premium people would pay for bank money over the same amount in ordinary coins, because bank money was more trustworthy.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
agoraEnglish
The big open marketplace and meeting place in an ancient Greek city.
Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 5 Greek, Lesson 2.2 (grade 5) · Grade 5 Greek, Lesson 5.1 (grade 5)
The big open marketplace and meeting place in an ancient Greek city.
Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 5 Greek, Lesson 2.2 (grade 5) · Grade 5 Greek, Lesson 5.1 (grade 5)
agreeEnglish
To say yes to the same plan, like a job and its pay.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
To say yes to the same plan, like a job and its pay.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
agreed valueEnglish
A settlement basis under which insurer and insured agree on the property's value when the policy is written and that amount is paid at a total loss — used for antiques, fine arts and other hard-to-price property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
A settlement basis under which insurer and insured agree on the property's value when the policy is written and that amount is paid at a total loss — used for antiques, fine arts and other hard-to-price property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
agreementEnglish
A promise that two people make to each other. A written agreement is called a contract.
Grade 2 Business & Finance, Lesson 5.2 (grade 2) · Kindergarten Business & Finance, Lesson 5.3 (grade K) · English Grammar, Lesson 10.2 (grade 3–8) · +3 more
A promise that two people make to each other. A written agreement is called a contract.
Grade 2 Business & Finance, Lesson 5.2 (grade 2) · Kindergarten Business & Finance, Lesson 5.3 (grade K) · English Grammar, Lesson 10.2 (grade 3–8) · +3 more
AIDAEnglish
Attention, interest, desire, action: the stages of persuasion described by the advertiser E. St. Elmo Lewis in 1898.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
Attention, interest, desire, action: the stages of persuasion described by the advertiser E. St. Elmo Lewis in 1898.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
air rightsEnglish
The rights to use the space above the surface of land, which can be sold, leased or transferred separately from the surface.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The rights to use the space above the surface of land, which can be sold, leased or transferred separately from the surface.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
aleatory contractEnglish
A contract in which the values exchanged are unequal and depend on an uncertain event — a small premium may buy a large payment, or years of premiums may buy none.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
A contract in which the values exchanged are unequal and depend on an uncertain event — a small premium may buy a large payment, or years of premiums may buy none.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
alien insurerEnglish
An insurer doing business in a state but incorporated in another country.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
An insurer doing business in a state but incorporated in another country.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
alienation (due-on-sale) clauseEnglish
A clause allowing the lender to call the whole loan due if the borrower sells or transfers the property, preventing an assumption without consent.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A clause allowing the lender to call the whole loan due if the borrower sells or transfers the property, preventing an assumption without consent.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
aliquot partEnglish
A regular fractional division of a section, such as a half or a quarter of a quarter, used in rectangular survey descriptions.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
A regular fractional division of a section, such as a half or a quarter of a quarter, used in rectangular survey descriptions.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
all-in costEnglish
Everything spent to acquire and renovate a property before refinance: price, closing costs, rehab, holding costs, short-term interest and points.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
Everything spent to acquire and renovate a property before refinance: price, closing costs, rehab, holding costs, short-term interest and points.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
Allowance for Doubtful AccountsEnglish
A contra-asset account that reduces Accounts Receivable to the amount expected to be collected.
Accounting, Lesson 6.2 (grade 9–12)
A contra-asset account that reduces Accounts Receivable to the amount expected to be collected.
Accounting, Lesson 6.2 (grade 9–12)
allowance methodEnglish
Estimating uncollectible accounts at the end of each period and recording the expense then, with a credit to Allowance for Doubtful Accounts.
Accounting, Lesson 6.2 (grade 9–12)
Estimating uncollectible accounts at the end of each period and recording the expense then, with a credit to Allowance for Doubtful Accounts.
Accounting, Lesson 6.2 (grade 9–12)
alluvionEnglish
The soil or sand deposited by water through accretion; also called alluvium.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The soil or sand deposited by water through accretion; also called alluvium.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
almanacEnglish
A yearly book with a calendar, weather guesses, facts and wise sayings.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Personal Finance & Investing, Lesson 1.5 (grade 9–12) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.4 (grade 5) · +2 more
A yearly book with a calendar, weather guesses, facts and wise sayings.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Personal Finance & Investing, Lesson 1.5 (grade 9–12) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.4 (grade 5) · +2 more
alphaEnglish
The part of a portfolio’s return above or below what its beta predicted; positive alpha is performance beyond the market’s explanation.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
The part of a portfolio’s return above or below what its beta predicted; positive alpha is performance beyond the market’s explanation.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
American Community Survey (ACS)English
The Census Bureau’s ongoing survey that publishes yearly estimates of population, income, housing costs and rents for counties, cities and smaller areas.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
The Census Bureau’s ongoing survey that publishes yearly estimates of population, income, housing costs and rents for counties, cities and smaller areas.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
American Depositary Receipt (ADR)English
A receipt, traded in dollars on U.S. markets, representing shares of a foreign company held abroad; convenient, but still exposed to currency risk.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
A receipt, traded in dollars on U.S. markets, representing shares of a foreign company held abroad; convenient, but still exposed to currency risk.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
Americans with Disabilities Act (ADA)English
Federal law of 1990 forbidding disability discrimination in employment, public services, and public accommodations and commercial facilities.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
Federal law of 1990 forbidding disability discrimination in employment, public services, and public accommodations and commercial facilities.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
amortizationEnglish
Paying off a loan by regular payments that cover each period’s interest and reduce the principal.
Personal Finance & Investing, Lesson 9.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
Paying off a loan by regular payments that cover each period’s interest and reduce the principal.
Personal Finance & Investing, Lesson 9.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
amortization periodEnglish
The number of years over which loan payments are calculated to pay off the principal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
The number of years over which loan payments are calculated to pay off the principal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
amortization scheduleEnglish
A table showing each loan payment divided into interest and principal, and the balance remaining.
Accounting, Lesson 7.3 (grade 9–12) · Personal Finance & Investing, Lesson 9.4 (grade 9–12)
A table showing each loan payment divided into interest and principal, and the balance remaining.
Accounting, Lesson 7.3 (grade 9–12) · Personal Finance & Investing, Lesson 9.4 (grade 9–12)
amount realizedEnglish
The sale price minus selling expenses such as commission and seller closing costs.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The sale price minus selling expenses such as commission and seller closing costs.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
angel investorEnglish
A wealthy individual who invests personal money in early-stage companies.
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12)
A wealthy individual who invests personal money in early-stage companies.
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12)
annexationEnglish
Attaching personal property to land so that it becomes real property; also called attachment.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Attaching personal property to land so that it becomes real property; also called attachment.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
annual gift tax exclusionEnglish
The amount anyone may give to any number of recipients each year free of gift tax; the figure adjusts with inflation — check irs.gov.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The amount anyone may give to any number of recipients each year free of gift tax; the figure adjusts with inflation — check irs.gov.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
annual percentage rate (APR)English
The yearly interest rate charged on borrowed money, such as a credit-card balance.
Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The yearly interest rate charged on borrowed money, such as a credit-card balance.
Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
annual reportEnglish
A company’s yearly report to its owners, with its financial statements, notes, the auditor’s opinion and management’s discussion.
Accounting, Lesson 4.5 (grade 9–12)
A company’s yearly report to its owners, with its financial statements, notes, the auditor’s opinion and management’s discussion.
Accounting, Lesson 4.5 (grade 9–12)
annual reviewEnglish
A yearly sit-down comparing a client's coverage to his current life — new house, new driver, new business — so the policies still fit the risks.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
A yearly sit-down comparing a client's coverage to his current life — new house, new driver, new business — so the policies still fit the risks.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
annual updating amendmentEnglish
The full refresh of Form ADV an adviser must file within 90 days of its fiscal year end.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
The full refresh of Form ADV an adviser must file within 90 days of its fiscal year end.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
annualized returnEnglish
A return for a period shorter or longer than a year restated as if it continued for a full year (return × 12 ÷ months).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
A return for a period shorter or longer than a year restated as if it continued for a full year (return × 12 ÷ months).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
annually renewable term (ART)English
One-year term that renews each year without evidence of insurability, at a premium that increases with the insured’s attained age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
One-year term that renews each year without evidence of insurability, at a premium that increases with the insured’s attained age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
annuitantEnglish
The person whose life and life expectancy measure the annuity payments — the mirror of the insured in a life policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
The person whose life and life expectancy measure the annuity payments — the mirror of the insured in a life policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
annuity (payout) phaseEnglish
The period after annuitization when the insurer pays the income stream; the election to annuitize is generally irreversible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
The period after annuitization when the insurer pays the income stream; the election to annuitize is generally irreversible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
annuity unitEnglish
The fixed number of units used to compute each payout after annuitization; the number is fixed, the value varies with the separate account.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
The fixed number of units used to compute each payout after annuitization; the number is fixed, the value varies with the separate account.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
anticipationEnglish
The principle that value is created by the expectation of future benefits; the foundation of the income approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12) · Body Mechanics of Sport, Lesson 4.3 (grade 8–12)
The principle that value is created by the expectation of future benefits; the foundation of the income approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12) · Body Mechanics of Sport, Lesson 4.3 (grade 8–12)
Anti-Corn Law LeagueEnglish
The campaign organization founded in Manchester in 1838, led by Richard Cobden and John Bright, that worked to repeal the Corn Laws.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
The campaign organization founded in Manchester in 1838, led by Richard Cobden and John Bright, that worked to repeal the Corn Laws.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
antitrust lawEnglish
Laws that forbid agreements to restrain trade and attempts to monopolize, such as the Sherman Act of 1890.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 5 Business & Finance, Lesson 5.4 (grade 5) · +2 more
Laws that forbid agreements to restrain trade and attempts to monopolize, such as the Sherman Act of 1890.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 5 Business & Finance, Lesson 5.4 (grade 5) · +2 more
antitrust (price fixing)English
An agreement among competitors to set prices or commission rates, illegal under the Sherman Antitrust Act; commissions are always negotiable between broker and client.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
An agreement among competitors to set prices or commission rates, illegal under the Sherman Antitrust Act; commissions are always negotiable between broker and client.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
antoninianusEnglish
A Roman coin introduced about A.D. 215, officially worth two denarii but containing much less than twice the silver.
Economics & the History of Money, Lesson 4.3 (grade 11–12)
A Roman coin introduced about A.D. 215, officially worth two denarii but containing much less than twice the silver.
Economics & the History of Money, Lesson 4.3 (grade 11–12)
any-occupation definitionEnglish
Total disability defined as the inability to perform any occupation for which the insured is reasonably suited by education, training or experience — the stricter definition.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
Total disability defined as the inability to perform any occupation for which the insured is reasonably suited by education, training or experience — the stricter definition.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
apparent authorityEnglish
Authority the agent does not actually have, but which a reasonable member of the public believes he has because of the principal’s own conduct — its stationery, signage, forms and tolerated practices.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
Authority the agent does not actually have, but which a reasonable member of the public believes he has because of the principal’s own conduct — its stationery, signage, forms and tolerated practices.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
applicationEnglish
The applicant’s signed statements — commonly Part 1 general information and Part 2 medical information — that begin underwriting and attach to the policy as part of the entire contract.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
The applicant’s signed statements — commonly Part 1 general information and Part 2 medical information — that begin underwriting and attach to the policy as part of the entire contract.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
application (TRID)English
The submission of six pieces of information — name, income, Social Security number, property address, estimated property value and loan amount sought — which starts the Loan Estimate clock.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The submission of six pieces of information — name, income, Social Security number, property address, estimated property value and loan amount sought — which starts the Loan Estimate clock.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
appointmentEnglish
An insurer’s official authorization, filed with the state, that makes a licensed producer its agent for selling its policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
An insurer’s official authorization, filed with the state, that makes a licensed producer its agent for selling its policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
appraisalEnglish
An unbiased, written opinion of a defined value of an adequately described property as of a specific date, supported by analysis of relevant data, prepared by a qualified appraiser.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
An unbiased, written opinion of a defined value of an adequately described property as of a specific date, supported by analysis of relevant data, prepared by a qualified appraiser.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
appraisal clauseEnglish
A policy condition for disputes over the amount of a loss: each side hires an appraiser, the appraisers select an umpire, and agreement of any two sets the amount.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
A policy condition for disputes over the amount of a loss: each side hires an appraiser, the appraisers select an umpire, and agreement of any two sets the amount.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
appraisal gapEnglish
The difference between the value an investor expected and the value an appraiser supports, which can leave cash trapped in a BRRRR or kill a sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
The difference between the value an investor expected and the value an appraiser supports, which can leave cash trapped in a BRRRR or kill a sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
appraiserEnglish
A person licensed or certified by a state to develop and communicate opinions of real property value.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
A person licensed or certified by a state to develop and communicate opinions of real property value.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
appraiser independenceEnglish
The rule that an appraiser must be free of influence or pressure from lenders, agents or parties to reach a predetermined value, and may not be paid contingent on the value reported.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
The rule that an appraiser must be free of influence or pressure from lenders, agents or parties to reach a predetermined value, and may not be paid contingent on the value reported.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
appreciationEnglish
A rise in a currency’s value against another; it buys more foreign currency.
Economics & the History of Money, Lesson 10.2 (grade 11–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
A rise in a currency’s value against another; it buys more foreign currency.
Economics & the History of Money, Lesson 10.2 (grade 11–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
apprenticeEnglish
A young person who works for a master to learn a trade.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Grade 5 Business & Finance, Lesson 3.3 (grade 5)
A young person who works for a master to learn a trade.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Grade 5 Business & Finance, Lesson 3.3 (grade 5)
APREnglish
Annual percentage rate: the yearly interest rate on a loan or card balance. Monthly rate ≈ APR ÷ 12.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 4.1 (grade 9–12)
Annual percentage rate: the yearly interest rate on a loan or card balance. Monthly rate ≈ APR ÷ 12.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 4.1 (grade 9–12)
APYEnglish
Annual percentage yield: the yearly return on a deposit including the effect of compounding.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
Annual percentage yield: the yearly return on a deposit including the effect of compounding.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
architectural review committeeEnglish
An association committee that approves or denies owners’ proposed exterior changes under the CC&Rs.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
An association committee that approves or denies owners’ proposed exterior changes under the CC&Rs.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
areaEnglish
The two-dimensional measure of a surface in square units: square feet, square yards or acres.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Geometry, Lesson 11.1 (grade 9–10) · Pre-Algebra, Lesson 12.3 (grade 6–8)
The two-dimensional measure of a surface in square units: square feet, square yards or acres.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Geometry, Lesson 11.1 (grade 9–10) · Pre-Algebra, Lesson 12.3 (grade 6–8)
area preferenceEnglish
The economic characteristic — also called situs — that people prefer some locations over others, which makes location the most important factor in value.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The economic characteristic — also called situs — that people prefer some locations over others, which makes location the most important factor in value.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
arising out of and in the course of employmentEnglish
The compensability test: the injury must spring from the work and occur while doing it; the ordinary commute is excluded under the going-and-coming rule.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The compensability test: the injury must spring from the work and occur while doing it; the ordinary commute is excluded under the going-and-coming rule.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
articulationEnglish
The way the financial statements fit together: net income flows from the income statement to the statement of owner’s equity, and ending capital flows to the balance sheet.
Accounting, Lesson 4.2 (grade 9–12)
The way the financial statements fit together: net income flows from the income statement to the statement of owner’s equity, and ending capital flows to the balance sheet.
Accounting, Lesson 4.2 (grade 9–12)
“as is” clauseEnglish
A contract term in which the buyer accepts the property in its present condition; it does not excuse fraud or the concealment of known latent defects.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A contract term in which the buyer accepts the property in its present condition; it does not excuse fraud or the concealment of known latent defects.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
asbestosEnglish
A fibrous mineral once used in insulation, flooring and siding; dangerous when friable (crumbling) and its fibers become airborne; managed by encapsulation or licensed removal.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
A fibrous mineral once used in insulation, flooring and siding; dangerous when friable (crumbling) and its fibers become airborne; managed by encapsulation or licensed removal.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
as-earnedEnglish
Commission paid only as each premium payment arrives — slower money, but money that can never be charged back.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
Commission paid only as each premium payment arrives — slower money, but money that can never be charged back.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
asking rent vs. leased rentEnglish
The rent advertised in a listing versus the rent a tenant actually agreed to pay; leased rent is the better evidence.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
The rent advertised in a listing versus the rent a tenant actually agreed to pay; leased rent is the better evidence.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
assembly lineEnglish
A way of making things where each worker does one step and passes the work to the next person.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 5 Business & Finance, Lesson 1.3 (grade 5)
A way of making things where each worker does one step and passes the work to the next person.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 5 Business & Finance, Lesson 1.3 (grade 5)
assessed valueEnglish
The value a local assessor assigns to a property for tax purposes, often a percentage of market value.
Personal Finance & Investing, Lesson 6.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The value a local assessor assigns to a property for tax purposes, often a percentage of market value.
Personal Finance & Investing, Lesson 6.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
assessment mutualEnglish
An early form of mutual in which members are charged their share of losses after they happen, rather than a fixed premium in advance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
An early form of mutual in which members are charged their share of losses after they happen, rather than a fixed premium in advance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
assessment ratioEnglish
The percentage of market value at which property is assessed, such as 100% or 80% in a given state.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The percentage of market value at which property is assessed, such as 100% or 80% in a given state.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
assetEnglish
Something of value the business owns or controls that will bring future benefit: cash, money owed by customers (accounts receivable), supplies, inventory, equipment, buildings, land.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5)
Something of value the business owns or controls that will bring future benefit: cash, money owed by customers (accounts receivable), supplies, inventory, equipment, buildings, land.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5)
asset allocationEnglish
How a portfolio is divided among broad kinds of investments such as stocks, bonds and cash.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
How a portfolio is divided among broad kinds of investments such as stocks, bonds and cash.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
asset turnoverEnglish
Net sales ÷ average total assets: sales generated per dollar of assets.
Accounting, Lesson 9.2 (grade 9–12)
Net sales ÷ average total assets: sales generated per dollar of assets.
Accounting, Lesson 9.2 (grade 9–12)
assets under management (AUM)English
The total market value of the client assets an adviser manages, on which percentage fees are usually charged.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The total market value of the client assets an adviser manages, on which percentage fees are usually charged.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
assets under management (AUM) feeEnglish
The most common advisory fee: a percentage of the client’s account value, typically billed quarterly.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
The most common advisory fee: a percentage of the client’s account value, typically billed quarterly.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
assignmentEnglish
A transfer of one party’s rights under a contract to another person; the assignor generally remains liable if the assignee fails to perform.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
A transfer of one party’s rights under a contract to another person; the assignor generally remains liable if the assignee fails to perform.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
assignment of contractEnglish
The transfer of a buyer’s rights under a purchase contract to another buyer, usually for an assignment fee.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
The transfer of a buyer’s rights under a purchase contract to another buyer, usually for an assignment fee.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
assignment vs. subleaseEnglish
In an assignment the tenant transfers the entire remaining lease and the assignee pays the landlord directly; in a sublease the tenant transfers part of the term or space and remains liable to the landlord.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
In an assignment the tenant transfers the entire remaining lease and the assignee pays the landlord directly; in a sublease the tenant transfers part of the term or space and remains liable to the landlord.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
assistance animalEnglish
An animal that works, performs tasks, provides assistance or provides therapeutic emotional support for a person with a disability; under fair housing law it is not a pet.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
An animal that works, performs tasks, provides assistance or provides therapeutic emotional support for a person with a disability; under fair housing law it is not a pet.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
assumptionEnglish
Something you believe about customers or the product but have not yet tested.
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · +3 more
Something you believe about customers or the product but have not yet tested.
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · +3 more
assumption of riskEnglish
A defense that applies when the claimant knew a danger and voluntarily exposed himself to it, as when a spectator sits along the foul line.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
A defense that applies when the claimant knew a danger and voluntarily exposed himself to it, as when a spectator sits along the foul line.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
assumption of risk (employment)English
The old defense that a worker who took a known dangerous job had accepted its dangers as part of the wage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The old defense that a worker who took a known dangerous job had accepted its dangers as part of the wage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
assumption vs. “subject to”English
A buyer who assumes a loan becomes personally liable for it; a buyer who takes title “subject to” the loan is not personally liable, though the property can still be lost to foreclosure.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A buyer who assumes a loan becomes personally liable for it; a buyer who takes title “subject to” the loan is not personally liable, though the property can still be lost to foreclosure.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
asymmetric informationEnglish
A situation in which one side of a trade knows much more about the quality of what is traded than the other.
Economics & the History of Money, Lesson 8.4 (grade 11–12)
A situation in which one side of a trade knows much more about the quality of what is traded than the other.
Economics & the History of Money, Lesson 8.4 (grade 11–12)
attached ADUEnglish
An ADU within or attached to the principal home, such as a basement apartment or an addition.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
An ADU within or attached to the principal home, such as a basement apartment or an addition.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
attachment pointEnglish
The level of loss at which the umbrella begins to pay — normally the top of the underlying limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
The level of loss at which the umbrella begins to pay — normally the top of the underlying limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
attained ageEnglish
The insured’s age at the time of renewal or conversion; using it makes the new premium higher but requires no medical proof.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
The insured’s age at the time of renewal or conversion; using it makes the new premium higher but requires no medical proof.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
attending physician’s statement (APS)English
A report the underwriter requests, with authorization, from the applicant’s own doctor about a condition disclosed in underwriting.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
A report the underwriter requests, with authorization, from the applicant’s own doctor about a condition disclosed in underwriting.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
auditEnglish
An independent examination of financial statements by a CPA to give an opinion on whether they are presented fairly, in all material respects, under GAAP.
Accounting, Lesson 9.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.4 (grade 5) · Grade 6 Business & Finance, Lesson 7.2 (grade 6) · +2 more
An independent examination of financial statements by a CPA to give an opinion on whether they are presented fairly, in all material respects, under GAAP.
Accounting, Lesson 9.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.4 (grade 5) · Grade 6 Business & Finance, Lesson 7.2 (grade 6) · +2 more
audit trailEnglish
The chain of records that lets anyone trace a transaction from source document to journal, ledger and statements, including every correction.
Accounting, Lesson 2.5 (grade 9–12)
The chain of records that lets anyone trace a transaction from source document to journal, ledger and statements, including every correction.
Accounting, Lesson 2.5 (grade 9–12)
audited statementEnglish
A financial statement examined by an independent public accountant who gives an opinion on whether it fairly presents the company’s condition.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
A financial statement examined by an independent public accountant who gives an opinion on whether it fairly presents the company’s condition.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
auditorEnglish
The person who does an audit. The word comes from the Latin audire, “to hear,” because accounts were once read aloud to be checked.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
The person who does an audit. The word comes from the Latin audire, “to hear,” because accounts were once read aloud to be checked.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
auditor’s reportEnglish
The independent accountant’s opinion on whether the statements are presented fairly in accordance with GAAP.
Accounting, Lesson 4.5 (grade 9–12)
The independent accountant’s opinion on whether the statements are presented fairly in accordance with GAAP.
Accounting, Lesson 4.5 (grade 9–12)
authorized, issued and outstandingEnglish
The number of shares the charter allows; the number sold so far; and the number issued still held by stockholders (issued minus any bought back).
Accounting, Lesson 8.3 (grade 9–12)
The number of shares the charter allows; the number sold so far; and the number issued still held by stockholders (issued minus any bought back).
Accounting, Lesson 8.3 (grade 9–12)
automated underwritingEnglish
Software (such as Fannie Mae’s Desktop Underwriter) that evaluates a loan application against an agency’s rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
Software (such as Fannie Mae’s Desktop Underwriter) that evaluates a loan application against an agency’s rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
automated valuation model (AVM)English
A computer program that estimates value from public records and sales data using statistical models, without an inspection.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
A computer program that estimates value from public records and sales data using statistical models, without an inspection.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
automatic premium loanEnglish
A provision (not a nonforfeiture option) that pays an overdue premium by loan against the cash value, preventing lapse as long as value remains.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
A provision (not a nonforfeiture option) that pays an overdue premium by loan against the cash value, preventing lapse as long as value remains.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
automatic renewalEnglish
A term that continues a contract (and charges) unless the customer cancels by a deadline.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
A term that continues a contract (and charges) unless the customer cancels by a deadline.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
average daily rate (ADR)English
Total room or rental revenue divided by the number of nights actually booked.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Total room or rental revenue divided by the number of nights actually booked.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
average order valueEnglish
Total revenue divided by the number of orders.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
Total revenue divided by the number of orders.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
average unit volume (AUV)English
Average yearly sales per restaurant.
Seven Small Businesses, Lesson 1.6 (grade 9–12)
Average yearly sales per restaurant.
Seven Small Businesses, Lesson 1.6 (grade 9–12)
average weekly wage (AWW)English
The wage base, computed from the worker's earnings before injury, on which disability benefits are figured — commonly two-thirds of AWW within state minimums and maximums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The wage base, computed from the worker's earnings before injury, on which disability benefits are figured — commonly two-thirds of AWW within state minimums and maximums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
avulsionEnglish
The sudden loss or removal of land by a natural force such as a flood or a river suddenly changing its course; the boundary generally does not move.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 7 Geography: Regions of the World, Lesson 6.1 (grade 7) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 2.4 (grade 8) · +1 more
The sudden loss or removal of land by a natural force such as a flood or a river suddenly changing its course; the boundary generally does not move.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 7 Geography: Regions of the World, Lesson 6.1 (grade 7) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 2.4 (grade 8) · +1 more
B
background checkEnglish
A criminal-history review, usually based on fingerprints, that most states require before issuing a license.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
A criminal-history review, usually based on fingerprints, that most states require before issuing a license.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
back-solveEnglish
Working backward from a target result, such as a DSCR of 1.25 or a stated monthly cash flow, to the price or terms that would produce it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12)
Working backward from a target result, such as a DSCR of 1.25 or a stated monthly cash flow, to the price or terms that would produce it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12)
bad debt (uncollectible account)English
A receivable that will not be collected.
Accounting, Lesson 6.2 (grade 9–12)
A receivable that will not be collected.
Accounting, Lesson 6.2 (grade 9–12)
baileeEnglish
A person or business lawfully holding property that belongs to others — a dry cleaner, a repair shop — whose customers' goods are insured by bailee's customers coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
A person or business lawfully holding property that belongs to others — a dry cleaner, a repair shop — whose customers' goods are insured by bailee's customers coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
bakerEnglish
A producer who makes bread, rolls and cakes.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Kindergarten Business & Finance, Lesson 4.1 (grade K)
A producer who makes bread, rolls and cakes.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Kindergarten Business & Finance, Lesson 4.1 (grade K)
balance (books)English
When the two sides of the books add up to the same total, showing no mistakes.
Grade 3 Business & Finance, Lesson 7.4 (grade 3)
When the two sides of the books add up to the same total, showing no mistakes.
Grade 3 Business & Finance, Lesson 7.4 (grade 3)
balance of paymentsEnglish
A record of all a country’s transactions with the rest of the world.
Economics & the History of Money, Lesson 5.5 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12) · Economics & the History of Money, Lesson 11.4 (grade 11–12)
A record of all a country’s transactions with the rest of the world.
Economics & the History of Money, Lesson 5.5 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12) · Economics & the History of Money, Lesson 11.4 (grade 11–12)
balance of tradeEnglish
The difference between what a country sells abroad (exports) and what it buys from abroad (imports).
Grade 7 Business & Finance, Lesson 2.1 (grade 7)
The difference between what a country sells abroad (exports) and what it buys from abroad (imports).
Grade 7 Business & Finance, Lesson 2.1 (grade 7)
balance sheetEnglish
The report of a business’s assets, liabilities and owner’s equity at one moment in time. Also called the statement of financial position.
Accounting, Lesson 4.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 10.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5) · +3 more
The report of a business’s assets, liabilities and owner’s equity at one moment in time. Also called the statement of financial position.
Accounting, Lesson 4.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 10.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5) · +3 more
balloon loanEnglish
A loan whose payments do not repay the balance by maturity, leaving a large final payment that must be paid or refinanced.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
A loan whose payments do not repay the balance by maturity, leaving a large final payment that must be paid or refinanced.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
balloon paymentEnglish
A large final payment of the remaining principal at the end of a loan.
Personal Finance & Investing, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · +1 more
A large final payment of the remaining principal at the end of a loan.
Personal Finance & Investing, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · +1 more
bankEnglish
A business that keeps people’s money safe and lends some of it to others.
Grade 1 Business & Finance, Lesson 8.2 (grade 1) · Grade 2 Business & Finance, Lesson 8.2 (grade 2) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · +2 more
A business that keeps people’s money safe and lends some of it to others.
Grade 1 Business & Finance, Lesson 8.2 (grade 1) · Grade 2 Business & Finance, Lesson 8.2 (grade 2) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · +2 more
bank holidayEnglish
A government-ordered closing of banks to stop a run; in March 1933 every bank in the United States was closed for several days.
Economics & the History of Money, Lesson 6.1 (grade 11–12) · Personal Finance & Investing, Lesson 3.3 (grade 9–12)
A government-ordered closing of banks to stop a run; in March 1933 every bank in the United States was closed for several days.
Economics & the History of Money, Lesson 6.1 (grade 11–12) · Personal Finance & Investing, Lesson 3.3 (grade 9–12)
bank moneyEnglish
Money held as a credit in a bank’s books rather than as coins in hand; at Amsterdam, credits that were always counted at full, honest weight.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
Money held as a credit in a bank’s books rather than as coins in hand; at Amsterdam, credits that were always counted at full, honest weight.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
bank reconciliationEnglish
A schedule that explains the difference between the cash balance on the bank statement and the cash balance in the company’s books, and arrives at the true (adjusted) cash balance.
Accounting, Lesson 5.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
A schedule that explains the difference between the cash balance on the bank statement and the cash balance in the company’s books, and arrives at the true (adjusted) cash balance.
Accounting, Lesson 5.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
bank runEnglish
A rush of depositors to withdraw their money because they fear the bank cannot pay.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.3 (grade 5) · +3 more
A rush of depositors to withdraw their money because they fear the bank cannot pay.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.3 (grade 5) · +3 more
Bank Secrecy Act (BSA)English
The 1970 law requiring financial firms to keep records and file reports that help detect money laundering.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
The 1970 law requiring financial firms to keep records and file reports that help detect money laundering.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
banker’s acceptance (BA)English
A short-term time draft guaranteed (“accepted”) by a bank, used mainly to finance imports and exports.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A short-term time draft guaranteed (“accepted”) by a bank, used mainly to finance imports and exports.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
banknoteEnglish
A paper note issued by a bank, promising to pay the bearer on demand.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · Grade 5 Business & Finance, Lesson 2.3 (grade 5)
A paper note issued by a bank, promising to pay the bearer on demand.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · Grade 5 Business & Finance, Lesson 2.3 (grade 5)
bank-note discountEnglish
The amount by which a bank’s note traded below face value, reflecting the risk and distance of the issuing bank.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
The amount by which a bank’s note traded below face value, reflecting the risk and distance of the issuing bank.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
bankruptcyEnglish
A legal process for a debtor who cannot pay: assets are sold or the business is reorganized under court supervision, and remaining debts may be discharged.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Personal Finance & Investing, Lesson 4.5 (grade 9–12) · +1 more
A legal process for a debtor who cannot pay: assets are sold or the business is reorganized under court supervision, and remaining debts may be discharged.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Personal Finance & Investing, Lesson 4.5 (grade 9–12) · +1 more
bargain and sale deedEnglish
A deed that implies the grantor holds title and possession but makes no express warranties against encumbrances, unless covenants are added.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
A deed that implies the grantor holds title and possession but makes no express warranties against encumbrances, unless covenants are added.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
barrier to entryEnglish
Anything that keeps new firms from entering a market: a patent, control of a key resource, large economies of scale, or a legal license.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
Anything that keeps new firms from entering a market: a patent, control of a key resource, large economies of scale, or a legal license.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
barriers to entryEnglish
Things that make it hard for new sellers to start, such as high start-up costs, patents, licenses or control of a key resource.
Grade 6 Business & Finance, Lesson 3.2 (grade 6)
Things that make it hard for new sellers to start, such as high start-up costs, patents, licenses or control of a key resource.
Grade 6 Business & Finance, Lesson 3.2 (grade 6)
barterEnglish
Trading goods or services directly for other goods or services, without money.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.1 (grade 2) · +3 more
Trading goods or services directly for other goods or services, without money.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.1 (grade 2) · +3 more
base lineEnglish
An east–west survey line that crosses a principal meridian at an initial point and serves as the reference for township tiers north and south.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
An east–west survey line that crosses a principal meridian at an initial point and serves as the reference for township tiers north and south.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
base yearEnglish
The starting year a price index compares against. Its index value is 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6)
The starting year a price index compares against. Its index value is 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6)
basisEnglish
A property’s starting value for tax purposes, generally the purchase price plus certain acquisition costs.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
A property’s starting value for tax purposes, generally the purchase price plus certain acquisition costs.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
basis recordsEnglish
The purchase documents, improvement receipts and depreciation schedules needed to figure depreciation and gain; kept for as long as the property is owned and for the limitation period after the year it is sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
The purchase documents, improvement receipts and depreciation schedules needed to figure depreciation and gain; kept for as long as the property is owned and for the limitation period after the year it is sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
batchEnglish
A group of items made at the same time.
Grade 2 Business & Finance, Lesson 9.2 (grade 2) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Kindergarten Business & Finance, Lesson 9.2 (grade K) · +3 more
A group of items made at the same time.
Grade 2 Business & Finance, Lesson 9.2 (grade 2) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Kindergarten Business & Finance, Lesson 9.2 (grade K) · +3 more
BATNAEnglish
Best alternative to a negotiated agreement: what you will do if this negotiation fails.
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)
Best alternative to a negotiated agreement: what you will do if this negotiation fails.
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)
bear marketEnglish
A decline of 20% or more in a broad market index from its peak.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
A decline of 20% or more in a broad market index from its peak.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
benchmarkEnglish
A permanent reference mark, usually a metal disk set in concrete or rock, whose elevation above a datum has been precisely measured.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12) · Architecture & Civil Engineering, Lesson 9.1 (grade 9–12) · +1 more
A permanent reference mark, usually a metal disk set in concrete or rock, whose elevation above a datum has been precisely measured.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12) · Architecture & Civil Engineering, Lesson 9.1 (grade 9–12) · +1 more
beneficiaryEnglish
The person or entity the policyowner names to receive the death benefit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.5 (grade 9–12)
The person or entity the policyowner names to receive the death benefit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.5 (grade 9–12)
beneficiary designationEnglish
A form naming who receives a life-insurance policy or retirement account at death; it usually overrides the will.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
A form naming who receives a life-insurance policy or retirement account at death; it usually overrides the will.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
benefit periodEnglish
The maximum length of time benefits will be paid during one continuous disability — such as two years, five years or to age 65.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
The maximum length of time benefits will be paid during one continuous disability — such as two years, five years or to age 65.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
Bessemer processEnglish
A method, patented in the 1850s, of blowing air through molten iron to make steel cheaply and in large amounts.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Architecture & Civil Engineering, Lesson 5.3 (grade 9–12)
A method, patented in the 1850s, of blowing air through molten iron to make steel cheaply and in large amounts.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Architecture & Civil Engineering, Lesson 5.3 (grade 9–12)
best executionEnglish
The duty to execute customer orders on the most favorable terms reasonably available — price, speed and total cost considered.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
The duty to execute customer orders on the most favorable terms reasonably available — price, speed and total cost considered.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
best interest standardEnglish
The NAIC annuity model's 2020 standard: act in the consumer's best interest under the circumstances known at the time, without placing the producer's financial interest ahead of the consumer's.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The NAIC annuity model's 2020 standard: act in the consumer's best interest under the circumstances known at the time, without placing the producer's financial interest ahead of the consumer's.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
betaEnglish
A measure of a security’s volatility relative to the overall market, whose beta is 1.0; a beta of 1.2 tends to move 20% more than the market.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
A measure of a security’s volatility relative to the overall market, whose beta is 1.0; a beta of 1.2 tends to move 20% more than the market.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
bidEnglish
A contractor’s written price to perform a defined scope of work, with materials, schedule and terms stated.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A contractor’s written price to perform a defined scope of work, with materials, schedule and terms stated.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
bid and askEnglish
The bid is the highest price buyers will pay (what a seller receives); the ask (offer) is the lowest price sellers will take (what a buyer pays); the gap is the spread.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
The bid is the highest price buyers will pay (what a seller receives); the ask (offer) is the lowest price sellers will take (what a buyer pays); the gap is the spread.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
big-ticket itemsEnglish
Costly systems inspected first on any walk-through: roof, foundation and structure, electrical, plumbing and sewer line, heating and cooling, water heater and windows.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
Costly systems inspected first on any walk-through: roof, foundation and structure, electrical, plumbing and sewer line, heating and cooling, water heater and windows.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
bilateral contractEnglish
A contract in which both parties exchange promises and both are obligated, such as a purchase agreement.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract in which both parties exchange promises and both are obligated, such as a purchase agreement.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
billEnglish
Paper money, like a $1 or $5 bill.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Grade 2 Life Science: Animal Families, Lesson 1.4 (grade 2)
Paper money, like a $1 or $5 bill.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Grade 2 Life Science: Animal Families, Lesson 1.4 (grade 2)
bill of exchangeEnglish
A written order to pay a sum of money in another place and usually another currency at a future date.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.2 (grade 5)
A written order to pay a sum of money in another place and usually another currency at a future date.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.2 (grade 5)
bill of saleEnglish
The written document that transfers ownership of personal property, as a deed transfers real property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
The written document that transfers ownership of personal property, as a deed transfers real property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
bimetallismEnglish
A money system using both gold and silver coins at a fixed ratio of value.
Economics & the History of Money, Lesson 4.2 (grade 11–12)
A money system using both gold and silver coins at a fixed ratio of value.
Economics & the History of Money, Lesson 4.2 (grade 11–12)
binding price ceilingEnglish
A legal maximum price set below the equilibrium price, so that it changes the market.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
A legal maximum price set below the equilibrium price, so that it changes the market.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
binding receiptEnglish
A less common receipt under which temporary coverage begins immediately upon receipt, regardless of insurability, until the insurer declines.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
A less common receipt under which temporary coverage begins immediately upon receipt, regardless of insurability, until the insurer declines.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
bitEnglish
One-eighth of a Spanish dollar, sometimes a real piece cut from the coin; “two bits” came to mean a quarter dollar.
Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Electronics & Microcontrollers, Lesson 6.2 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 4.1 (grade 8) · +3 more
One-eighth of a Spanish dollar, sometimes a real piece cut from the coin; “two bits” came to mean a quarter dollar.
Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Electronics & Microcontrollers, Lesson 6.2 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 4.1 (grade 8) · +3 more
black marketEnglish
Illegal trade at prices above the legal limit.
Economics & the History of Money, Lesson 7.5 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · Grade 8 Business & Finance, Lesson 5.4 (grade 8)
Illegal trade at prices above the legal limit.
Economics & the History of Money, Lesson 7.5 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · Grade 8 Business & Finance, Lesson 5.4 (grade 8)
blankEnglish
A plain, flat metal circle before it is stamped into a coin.
Grade 2 Business & Finance, Lesson 2.3 (grade 2)
A plain, flat metal circle before it is stamped into a coin.
Grade 2 Business & Finance, Lesson 2.3 (grade 2)
blanket loanEnglish
A single loan secured by several properties.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A single loan secured by several properties.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
blind adEnglish
An advertisement by a licensee that fails to identify the brokerage (or, for a licensee selling his own property, that he is licensed); generally prohibited.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
An advertisement by a licensee that fails to identify the brokerage (or, for a licensee selling his own property, that he is licensed); generally prohibited.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
blockbusting (panic peddling)English
Inducing owners to sell or rent, for profit, by representations about the entry or prospective entry of members of a protected class into the neighborhood.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Inducing owners to sell or rent, for profit, by representations about the entry or prospective entry of members of a protected class into the neighborhood.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
blue-sky lawsEnglish
State securities laws — named for schemes backed by nothing but “so many feet of blue sky” — beginning with Kansas in 1911.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
State securities laws — named for schemes backed by nothing but “so many feet of blue sky” — beginning with Kansas in 1911.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
board designationEnglish
A limit set by the organization’s own board, not by a donor; the funds remain without donor restrictions.
Accounting, Lesson 8.5 (grade 9–12)
A limit set by the organization’s own board, not by a donor; the funds remain without donor restrictions.
Accounting, Lesson 8.5 (grade 9–12)
board of directorsEnglish
The group elected by stockholders to oversee management and declare dividends.
Accounting, Lesson 8.2 (grade 9–12)
The group elected by stockholders to oversee management and declare dividends.
Accounting, Lesson 8.2 (grade 9–12)
boardinghouseEnglish
A house where workers rented a bed and ate their meals, run by a keeper who also enforced rules.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
A house where workers rented a bed and ate their meals, run by a keeper who also enforced rules.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
bodily injury (BI) liabilityEnglish
Coverage for the insured's legal obligation to pay for injury or death the insured causes others in an auto accident.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
Coverage for the insured's legal obligation to pay for injury or death the insured causes others in an auto accident.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
bondEnglish
A long-term debt security: the issuer borrows a face amount from investors, pays interest (usually every six months) at a stated rate, and repays the face amount at maturity.
Accounting, Lesson 7.5 (grade 9–12) · Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.3 (grade 6) · +3 more
A long-term debt security: the issuer borrows a face amount from investors, pays interest (usually every six months) at a stated rate, and repays the face amount at maturity.
Accounting, Lesson 7.5 (grade 9–12) · Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.3 (grade 6) · +3 more
book of businessEnglish
The collection of clients and in-force policies an agent serves — the profession's central asset, whose renewal commissions compound as it grows.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
The collection of clients and in-force policies an agent serves — the profession's central asset, whose renewal commissions compound as it grows.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
book valueEnglish
An asset’s cost minus its accumulated depreciation.
Accounting, Lesson 3.2 (grade 9–12)
An asset’s cost minus its accumulated depreciation.
Accounting, Lesson 3.2 (grade 9–12)
bookkeeperEnglish
A person whose job is to keep a business’s money records.
Grade 3 Business & Finance, Lesson 7.1 (grade 3)
A person whose job is to keep a business’s money records.
Grade 3 Business & Finance, Lesson 7.1 (grade 3)
bookkeepingEnglish
Keeping an honest written record of money that comes in and goes out.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · Grade 5 Business & Finance, Lesson 7.1 (grade 5)
Keeping an honest written record of money that comes in and goes out.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · Grade 5 Business & Finance, Lesson 7.1 (grade 5)
bootEnglish
Cash or other non-like-kind property (including debt relief) received in an exchange; it is taxable up to the amount of the gain.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
Cash or other non-like-kind property (including debt relief) received in an exchange; it is taxable up to the amount of the gain.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
bootstrappingEnglish
Starting and growing a business with the founder’s own savings and the business’s own revenue, without outside investors.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.2 (grade 7) · Grade 8 Business & Finance, Lesson 6.2 (grade 8)
Starting and growing a business with the founder’s own savings and the business’s own revenue, without outside investors.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.2 (grade 7) · Grade 8 Business & Finance, Lesson 6.2 (grade 8)
bottleneckEnglish
The slowest step, which limits the output of the whole process.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
The slowest step, which limits the output of the whole process.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
boycott, coercion and intimidationEnglish
Agreements or acts of pressure that restrain or monopolize the insurance trade — for example, a lender requiring that insurance be bought from its own agency as a condition of the loan.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Agreements or acts of pressure that restrain or monopolize the insurance trade — for example, a lender requiring that insurance be bought from its own agency as a condition of the loan.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
branchEnglish
An office of a business in another city, managed under the main firm.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · +2 more
An office of a business in another city, managed under the main firm.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · +2 more
brand equityEnglish
The extra value a brand adds: customers’ willingness to choose it and to pay more for it.
Entrepreneurship & Sales, Lesson 6.2 (grade 9–12)
The extra value a brand adds: customers’ willingness to choose it and to pay more for it.
Entrepreneurship & Sales, Lesson 6.2 (grade 9–12)
breach of contractEnglish
Failure, without legal excuse, to perform any promise that forms part of a contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
Failure, without legal excuse, to perform any promise that forms part of a contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
break-bulk cargoEnglish
Goods loaded and unloaded piece by piece, in sacks, crates and barrels, as most cargo was before containers.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 7 Engineering & Physics, Lesson 6.4 (grade 7) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.2 (grade 9–12) · +2 more
Goods loaded and unloaded piece by piece, in sacks, crates and barrels, as most cargo was before containers.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 7 Engineering & Physics, Lesson 6.4 (grade 7) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.2 (grade 9–12) · +2 more
break-even occupancyEnglish
Operating expenses plus debt service divided by gross scheduled income; the share of income a property must collect to pay all its bills.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Operating expenses plus debt service divided by gross scheduled income; the share of income a property must collect to pay all its bills.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
break-even priceEnglish
The highest purchase price at which a rental’s cash flow is zero under your assumptions.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
The highest purchase price at which a rental’s cash flow is zero under your assumptions.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
break-even (refinance)English
The number of months of payment savings needed to recover a refinance’s closing costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
The number of months of payment savings needed to recover a refinance’s closing costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
breakoutEnglish
A move through an established support or resistance level, which technicians read as the start of a new trend.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
A move through an established support or resistance level, which technicians read as the start of a new trend.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
Bretton Woods systemEnglish
The international monetary system of 1944–1971, in which currencies were pegged to the U.S. dollar and the dollar was convertible into gold for foreign governments at $35 an ounce.
Economics & the History of Money, Lesson 6.2 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.3 (grade 8)
The international monetary system of 1944–1971, in which currencies were pegged to the U.S. dollar and the dollar was convertible into gold for foreign governments at $35 an ounce.
Economics & the History of Money, Lesson 6.2 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.3 (grade 8)
brochure (Form ADV Part 2A)English
The plain-English disclosure document an adviser gives clients, describing its services, fees, conflicts, disciplinary history and personnel.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
The plain-English disclosure document an adviser gives clients, describing its services, fees, conflicts, disciplinary history and personnel.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
brochure ruleEnglish
The delivery convention: give the brochure at or before entering the advisory contract, and each year deliver (or offer) an updated one.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
The delivery convention: give the brochure at or before entering the advisory contract, and each year deliver (or offer) an updated one.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
brokerEnglish
A licensed person who represents the insurance buyer, shopping among insurers for coverage; a broker does not legally represent any insurance company.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
A licensed person who represents the insurance buyer, shopping among insurers for coverage; a broker does not legally represent any insurance company.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
broker price opinion (BPO)English
A licensee’s estimate of a property’s probable selling price, usually for a lender or investor deciding on a loss mitigation, sale or portfolio matter; not an appraisal.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
A licensee’s estimate of a property’s probable selling price, usually for a lender or investor deciding on a loss mitigation, sale or portfolio matter; not an appraisal.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
broker-dealer (BD)English
A firm in the business of effecting securities transactions — as broker for the accounts of others, or as dealer for its own account.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
A firm in the business of effecting securities transactions — as broker for the accounts of others, or as dealer for its own account.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
brownfieldEnglish
Abandoned or underused industrial or commercial property whose redevelopment is complicated by real or suspected contamination.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
Abandoned or underused industrial or commercial property whose redevelopment is complicated by real or suspected contamination.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
BRRRREnglish
Buy, rehab, rent, refinance, repeat: buying a property below its fixed-up value, improving it, renting it, and refinancing on the new appraised value to recover cash for the next purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12)
Buy, rehab, rent, refinance, repeat: buying a property below its fixed-up value, improving it, renting it, and refinancing on the new appraised value to recover cash for the next purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12)
bubbleEnglish
A time when prices rise far above the true value of what is being bought, driven by excitement, until they collapse.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Personal Finance & Investing, Lesson 8.1 (grade 9–12)
A time when prices rise far above the true value of what is being bought, driven by excitement, until they collapse.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Personal Finance & Investing, Lesson 8.1 (grade 9–12)
budgetEnglish
A plan for the future expressed in numbers: expected sales, production, costs and cash for a period.
Accounting, Lesson 10.3 (grade 9–12) · Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · +3 more
A plan for the future expressed in numbers: expected sales, production, costs and cash for a period.
Accounting, Lesson 10.3 (grade 9–12) · Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · +3 more
budget deficitEnglish
The amount by which government spending exceeds revenue in a single year; a surplus is the reverse.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
The amount by which government spending exceeds revenue in a single year; a surplus is the reverse.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
buffer zoneEnglish
A strip of land, often a park or a less intense use, that separates incompatible districts such as residential and industrial.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
A strip of land, often a park or a less intense use, that separates incompatible districts such as residential and industrial.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
builderEnglish
An inventor, engineer, manager or craftsman who designs and makes the product or the way it is made.
Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 5 Business & Finance, Lesson 4.1 (grade 5)
An inventor, engineer, manager or craftsman who designs and makes the product or the way it is made.
Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 5 Business & Finance, Lesson 4.1 (grade 5)
buildersEnglish
The inventors, engineers, managers and craftsmen who design and make the product or system.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
The inventors, engineers, managers and craftsmen who design and make the product or system.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
building and loan associationEnglish
A cooperative in which members pooled regular savings and took turns borrowing to buy or build homes.
Personal Finance & Investing, Lesson 9.4 (grade 9–12)
A cooperative in which members pooled regular savings and took turns borrowing to buy or build homes.
Personal Finance & Investing, Lesson 9.4 (grade 9–12)
building and personal property coverage form (BPP)English
The standard commercial property form that insures buildings, the insured's business personal property, and personal property of others in the insured's care, custody or control.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The standard commercial property form that insures buildings, the insured's business personal property, and personal property of others in the insured's care, custody or control.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
building permitEnglish
Written permission from the local building department to do regulated work, followed by inspections to confirm it meets code.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.4 (grade 9–12)
Written permission from the local building department to do regulated work, followed by inspections to confirm it meets code.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.4 (grade 9–12)
building permitsEnglish
Official approvals to build new housing units; a leading measure of how much new supply is coming.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
Official approvals to build new housing units; a leading measure of how much new supply is coming.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
build–measure–learnEnglish
The cycle of making something small, measuring how people respond and learning what to change.
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12)
The cycle of making something small, measuring how people respond and learning what to change.
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12)
bull and bear marketsEnglish
A bull market is a long period of rising prices; a bear market is a long period of falling prices.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
A bull market is a long period of rising prices; a bear market is a long period of falling prices.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
bundle of rightsEnglish
The legal rights of ownership: possession, control, enjoyment, exclusion and disposition.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The legal rights of ownership: possession, control, enjoyment, exclusion and disposition.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
Bureau of Engraving and PrintingEnglish
The part of our government that prints America’s paper money.
Grade 2 Business & Finance, Lesson 2.4 (grade 2)
The part of our government that prints America’s paper money.
Grade 2 Business & Finance, Lesson 2.4 (grade 2)
burn rateEnglish
How much cash a new business spends each month beyond what it brings in.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12)
How much cash a new business spends each month beyond what it brings in.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12)
businessEnglish
A group of people who make or do something good and sell it.
Kindergarten Business & Finance, Lesson 4.2 (grade K)
A group of people who make or do something good and sell it.
Kindergarten Business & Finance, Lesson 4.2 (grade K)
business auto coverage form (BACF)English
The standard commercial policy for a business's autos, with liability and physical damage coverage defined by numbered covered-auto symbols on the declarations.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
The standard commercial policy for a business's autos, with liability and physical damage coverage defined by numbered covered-auto symbols on the declarations.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
business continuity plan (BCP)English
The written plan for operating through disruption: backed-up books and records, alternate communications with clients and regulators, office relocation and reassignment of duties.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The written plan for operating through disruption: backed-up books and records, alternate communications with clients and regulators, office relocation and reassignment of duties.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
business cycleEnglish
The recurring rise and fall of economic activity around its long-run trend.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
The recurring rise and fall of economic activity around its long-run trend.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
business entity assumptionEnglish
The business’s records are kept separate from the owner’s personal records.
Accounting, Lesson 1.5 (grade 9–12)
The business’s records are kept separate from the owner’s personal records.
Accounting, Lesson 1.5 (grade 9–12)
business income coverageEnglish
Time-element coverage paying the actual loss of net income plus continuing normal operating expenses while operations are suspended by direct physical loss from a covered cause.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
Time-element coverage paying the actual loss of net income plus continuing normal operating expenses while operations are suspended by direct physical loss from a covered cause.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
business licenseEnglish
Permission from a city or county to operate a business there; requirements vary by place.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
Permission from a city or county to operate a business there; requirements vary by place.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
business modelEnglish
How a business creates value for customers, delivers it and captures part of it as revenue to cover costs and earn a profit.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
How a business creates value for customers, delivers it and captures part of it as revenue to cover costs and earn a profit.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
business model canvasEnglish
A one-page chart of nine parts of a business model, developed by Alexander Osterwalder in the 2000s.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
A one-page chart of nine parts of a business model, developed by Alexander Osterwalder in the 2000s.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
business personal propertyEnglish
The insured's furniture, machinery, equipment and stock located in or on the described building, or in the open (or in a vehicle) commonly within 100 feet of the premises.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The insured's furniture, machinery, equipment and stock located in or on the described building, or in the open (or in a vehicle) commonly within 100 feet of the premises.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
business planEnglish
A written plan describing a business, its market, its operations and its financial projections.
Accounting, Lesson 10.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Grade 3 Business & Finance, Lesson 9.1 (grade 3) · +3 more
A written plan describing a business, its market, its operations and its financial projections.
Accounting, Lesson 10.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Grade 3 Business & Finance, Lesson 9.1 (grade 3) · +3 more
business riskEnglish
The risk that a particular company’s operations fail — poor management, a product nobody buys, a competitor’s triumph.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk that a particular company’s operations fail — poor management, a product nobody buys, a competitor’s triumph.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
businessowners policy (BOP)English
A package policy for eligible small and medium businesses combining commercial property, business income and extra expense, and CGL-type liability coverage under one premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A package policy for eligible small and medium businesses combining commercial property, business income and extra expense, and CGL-type liability coverage under one premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
buy and holdEnglish
Buying investments to keep for many years rather than trading them often.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
Buying investments to keep for many years rather than trading them often.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
buy boxEnglish
An investor’s written criteria for an acceptable deal: location, property type, price range, condition and minimum returns.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
An investor’s written criteria for an acceptable deal: location, property type, price range, condition and minimum returns.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
buy-and-holdEnglish
Buying a property to rent it out for many years, earning cash flow, loan paydown, appreciation and tax benefits.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Buying a property to rent it out for many years, earning cash flow, loan paydown, appreciation and tax benefits.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
buyerEnglish
A person who pays money for something. A buyer is also called a customer.
Kindergarten Business & Finance, Lesson 3.1 (grade K)
A person who pays money for something. A buyer is also called a customer.
Kindergarten Business & Finance, Lesson 3.1 (grade K)
buyer representation agreementEnglish
A written agreement in which a buyer engages a brokerage to represent the buyer in finding and purchasing property, stating the term, the services and the broker’s compensation.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A written agreement in which a buyer engages a brokerage to represent the buyer in finding and purchasing property, stating the term, the services and the broker’s compensation.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
buying on marginEnglish
Buying stock with money borrowed from a broker, putting up only part of the price yourself.
Grade 8 Business & Finance, Lesson 5.3 (grade 8)
Buying stock with money borrowed from a broker, putting up only part of the price yourself.
Grade 8 Business & Finance, Lesson 5.3 (grade 8)
buy-sell provisionEnglish
Terms that set how and at what price one partner may or must buy out another, for example at death, disability, divorce or deadlock.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
Terms that set how and at what price one partner may or must buy out another, for example at death, disability, divorce or deadlock.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
C
C corporationEnglish
A corporation that is itself a taxpayer: it pays corporate income tax, and shareholders pay tax again on dividends — the “double taxation” the exam loves to name.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A corporation that is itself a taxpayer: it pays corporate income tax, and shareholders pay tax again on dividends — the “double taxation” the exam loves to name.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
CaesarEnglish
The title of the ruler of the Roman Empire in Jesus’ day.
Kindergarten Business & Finance, Lesson 2.3 (grade K)
The title of the ruler of the Roman Empire in Jesus’ day.
Kindergarten Business & Finance, Lesson 2.3 (grade K)
calendar rebalancingEnglish
Rebalancing on a fixed schedule, such as once a year, regardless of how far the weights have drifted.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Rebalancing on a fixed schedule, such as once a year, regardless of how far the weights have drifted.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
call featureEnglish
The issuer’s right to repay the bond early at a stated price; exercised when interest rates fall, so the issuer can refinance cheaply.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
The issuer’s right to repay the bond early at a stated price; exercised when interest rates fall, so the issuer can refinance cheaply.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
call loanEnglish
A loan to a broker, repayable on demand, that financed 1920s margin buying — callable at the worst possible moment.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
A loan to a broker, repayable on demand, that financed 1920s margin buying — callable at the worst possible moment.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
call optionEnglish
A contract giving its buyer the right, not the obligation, to buy 100 shares at the strike price before expiration; the seller (writer) is obligated to deliver if called.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
A contract giving its buyer the right, not the obligation, to buy 100 shares at the strike price before expiration; the seller (writer) is obligated to deliver if called.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
call protectionEnglish
The initial period, often five or ten years, during which the bond may not be called.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
The initial period, often five or ten years, during which the bond may not be called.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
callable preferredEnglish
Preferred stock the issuer may buy back at a set price after a set date — a right the issuer uses when rates fall, so investors demand a higher stated dividend for it.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
Preferred stock the issuer may buy back at a set price after a set date — a right the issuer uses when rates fall, so investors demand a higher stated dividend for it.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
callingEnglish
The work God gives a person to do to serve Him and serve others; also called a vocation.
Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Explore Heroines of History and Faith · Expert, Stop 4.1 (Ages 14+)
The work God gives a person to do to serve Him and serve others; also called a vocation.
Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Explore Heroines of History and Faith · Expert, Stop 4.1 (Ages 14+)
canalEnglish
A long waterway dug by people so that boats can carry goods.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 1 Engineering & Physics, Lesson 1.3 (grade 1) · +3 more
A long waterway dug by people so that boats can carry goods.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 1 Engineering & Physics, Lesson 1.3 (grade 1) · +3 more
cancellationEnglish
The nonpunitive erasure of a registration when a registrant dies, is judged mentally incompetent, ceases business, or cannot be located after reasonable search.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 9.4 (grade 4)
The nonpunitive erasure of a registration when a registrant dies, is judged mentally incompetent, ceases business, or cannot be located after reasonable search.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 9.4 (grade 4)
candidate handbookEnglish
The testing vendor’s official booklet for your state: exam outlines, question counts, fees, scheduling rules and test-center procedures — the document your state facts sheet is built from.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
The testing vendor’s official booklet for your state: exam outlines, question counts, fees, scheduling rules and test-center procedures — the document your state facts sheet is built from.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
CAN-SPAM ActEnglish
The 2003 federal law governing commercial email: no false or misleading headers or subject lines, a truthful identification of the sender with a physical address, and a working opt-out honored promptly.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
The 2003 federal law governing commercial email: no false or misleading headers or subject lines, a truthful identification of the sender with a physical address, and a working opt-out honored promptly.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
cap and participation rateEnglish
The two limiters of an indexed credit: the cap is the most that can be credited, and the participation rate is the share of the index gain counted.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The two limiters of an indexed credit: the cap is the most that can be credited, and the participation rate is the share of the index gain counted.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
capacityEnglish
The legal ability to make a contract; minors and some others have limited capacity.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Architecture & Civil Engineering, Lesson 9.5 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 6.4 (grade 9–12)
The legal ability to make a contract; minors and some others have limited capacity.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Architecture & Civil Engineering, Lesson 9.5 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 6.4 (grade 9–12)
CapEx fundEnglish
Savings accumulated for large replacements such as roofs, furnaces and water heaters, funded monthly from rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
Savings accumulated for large replacements such as roofs, furnaces and water heaters, funded monthly from rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
CapEx reserveEnglish
A monthly or annual amount set aside from rent so that cash is on hand when long-lived components wear out.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
A monthly or annual amount set aside from rent so that cash is on hand when long-lived components wear out.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
capitalEnglish
What remains for the owner when everything owed to others is subtracted from everything owned. Today it is called owner’s equity.
Accounting, Lesson 1.1 (grade 9–12) · Economics & the History of Money, Lesson 1.5 (grade 11–12) · Economics & the History of Money, Lesson 7.1 (grade 11–12) · +3 more
What remains for the owner when everything owed to others is subtracted from everything owned. Today it is called owner’s equity.
Accounting, Lesson 1.1 (grade 9–12) · Economics & the History of Money, Lesson 1.5 (grade 11–12) · Economics & the History of Money, Lesson 7.1 (grade 11–12) · +3 more
capital accountEnglish
A record of how much each partner has put into the business and taken out of it.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
A record of how much each partner has put into the business and taken out of it.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
capital appreciationEnglish
An objective that seeks growth in the value of the principal itself, accepting more risk and little current income.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
An objective that seeks growth in the value of the principal itself, accepting more risk and little current income.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
capital asset pricing model (CAPM)English
A model giving a security’s expected return as the risk-free rate plus beta times the market risk premium.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
A model giving a security’s expected return as the risk-free rate plus beta times the market risk premium.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
capital callEnglish
A demand under the agreement that partners contribute additional money, for example to cover a large repair or a vacancy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A demand under the agreement that partners contribute additional money, for example to cover a large repair or a vacancy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
capital contributionEnglish
The money or property a partner puts into the business.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
The money or property a partner puts into the business.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
capital deepeningEnglish
Increasing the amount of capital per worker.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
Increasing the amount of capital per worker.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
capital expenditureEnglish
A cost that is recorded as part of an asset because it benefits several periods (purchase price, freight, installation, testing).
Accounting, Lesson 7.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.1 (grade 9–12)
A cost that is recorded as part of an asset because it benefits several periods (purchase price, freight, installation, testing).
Accounting, Lesson 7.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.1 (grade 9–12)
capital expenditure (CapEx)English
Money spent to replace or improve a major component with a long life, such as a roof, furnace or flooring.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
Money spent to replace or improve a major component with a long life, such as a roof, furnace or flooring.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
capital gainEnglish
The increase in an investment’s price above what you paid for it.
Personal Finance & Investing, Lesson 7.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The increase in an investment’s price above what you paid for it.
Personal Finance & Investing, Lesson 7.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
capital goodsEnglish
Goods made by people and used to produce other goods and services, such as tools, machines, vehicles and buildings.
Grade 6 Business & Finance, Lesson 1.1 (grade 6) · Grade 7 Business & Finance, Lesson 1.2 (grade 7)
Goods made by people and used to produce other goods and services, such as tools, machines, vehicles and buildings.
Grade 6 Business & Finance, Lesson 1.1 (grade 6) · Grade 7 Business & Finance, Lesson 1.2 (grade 7)
capital improvementEnglish
Work that adds value, prolongs the life of a property or adapts it to a new use — such as a new roof or kitchen — and is added to basis rather than deducted as a repair.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
Work that adds value, prolongs the life of a property or adapts it to a new use — such as a new roof or kitchen — and is added to basis rather than deducted as a repair.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
capital inflowEnglish
Foreign purchases of a country’s assets, which supply the funds for its deficit and add to the demand for its currency.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
Foreign purchases of a country’s assets, which supply the funds for its deficit and add to the demand for its currency.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
capital reserve budgetEnglish
A plan and fund for major replacements and improvements, such as a roof, boilers or parking lot, set aside over time.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
A plan and fund for major replacements and improvements, such as a roof, boilers or parking lot, set aside over time.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
capital sumEnglish
The percentage of the principal sum, commonly 50%, paid for a single dismemberment such as one hand or the sight of one eye.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
The percentage of the principal sum, commonly 50%, paid for a single dismemberment such as one hand or the sight of one eye.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
capitalizationEnglish
Adding unpaid interest to the principal, so that future interest is charged on it.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
Adding unpaid interest to the principal, so that future interest is charged on it.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
capitalization rateEnglish
Net operating income divided by value or price; used to convert income into value (value = NOI ÷ cap rate).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
Net operating income divided by value or price; used to convert income into value (value = NOI ÷ cap rate).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
capitalization rate (cap rate)English
The rate used to convert NOI into value, equal to NOI divided by value; derived from comparable sales and reflecting risk.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
The rate used to convert NOI into value, equal to NOI divided by value; derived from comparable sales and reflecting risk.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
capitalization-weighted indexEnglish
An index weighting members by total market value, so the largest companies move it most — the S&P 500 is the classic example.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
An index weighting members by total market value, so the largest companies move it most — the S&P 500 is the classic example.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
capstoneEnglish
A final project that brings together everything learned in a course.
Accounting, Lesson 10.5 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 1.1 (grade 12) · Food Science, Lesson 10.5 (grade 9–12) · +3 more
A final project that brings together everything learned in a course.
Accounting, Lesson 10.5 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 1.1 (grade 12) · Food Science, Lesson 10.5 (grade 9–12) · +3 more
captionEnglish
Words under a picture that tell who, what, where and when.
Grade 3 Business & Finance, Lesson 5.3 (grade 3)
Words under a picture that tell who, what, where and when.
Grade 3 Business & Finance, Lesson 5.3 (grade 3)
captive (exclusive) agentEnglish
An agent who represents a single insurer or insurer group and sells only its products.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
An agent who represents a single insurer or insurer group and sells only its products.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
caravanEnglish
A group of traders and animals traveling together for safety.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Grade 4 Business & Finance, Lesson 2.1 (grade 4) · +3 more
A group of traders and animals traveling together for safety.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Grade 4 Business & Finance, Lesson 2.1 (grade 4) · +3 more
card readerEnglish
A device that lets a machine take cards and phones; it usually carries a monthly fee and a per-sale fee.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
A device that lets a machine take cards and phones; it usually carries a monthly fee and a per-sale fee.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
care obligationEnglish
The duty to know the product and the consumer and to have a reasonable basis that the recommendation effectively addresses the consumer's situation and needs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The duty to know the product and the consumer and to have a reasonable basis that the recommendation effectively addresses the consumer's situation and needs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
careerEnglish
The series of jobs a person holds over a working life, usually growing in skill and responsibility.
Personal Finance & Investing, Lesson 1.1 (grade 9–12)
The series of jobs a person holds over a working life, usually growing in skill and responsibility.
Personal Finance & Investing, Lesson 1.1 (grade 9–12)
cargo coverageEnglish
Ocean marine coverage on the goods being shipped, commonly written on an open-peril basis against perils of the sea.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
Ocean marine coverage on the goods being shipped, commonly written on an open-peril basis against perils of the sea.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
carpenterEnglish
A person who builds things from wood.
Kindergarten Business & Finance, Lesson 4.3 (grade K)
A person who builds things from wood.
Kindergarten Business & Finance, Lesson 4.3 (grade K)
carrying costEnglish
The total cost of owning a property for one more month, chiefly loan interest plus holding costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
The total cost of owning a property for one more month, chiefly loan interest plus holding costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
carryover basisEnglish
A gifted asset keeps the donor’s original basis for figuring gain; the gift wraps the paper, not the tax history.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
A gifted asset keeps the donor’s original basis for figuring gain; the gift wraps the paper, not the tax history.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
cartelEnglish
A group of firms that agree to fix prices or limit output, acting together like a monopoly.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Grade 7 Business & Finance, Lesson 3.4 (grade 7)
A group of firms that agree to fix prices or limit output, acting together like a monopoly.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Grade 7 Business & Finance, Lesson 3.4 (grade 7)
cash and carryEnglish
A store where customers pay cash and carry their own groceries home, with no credit or delivery.
Grade 4 Business & Finance, Lesson 7.4 (grade 4)
A store where customers pay cash and carry their own groceries home, with no credit or delivery.
Grade 4 Business & Finance, Lesson 7.4 (grade 4)
cash basisEnglish
Revenue is recorded when cash is received and expenses when cash is paid, regardless of when they were earned or incurred.
Accounting, Lesson 3.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.2 (grade 7)
Revenue is recorded when cash is received and expenses when cash is paid, regardless of when they were earned or incurred.
Accounting, Lesson 3.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.2 (grade 7)
cash boxEnglish
A box that holds the money for a stand, with coins for making change.
Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Explore Crafts and Making, Stop 4.7 (Ages 7–9)
A box that holds the money for a stand, with coins for making change.
Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Explore Crafts and Making, Stop 4.7 (Ages 7–9)
cash budgetEnglish
A month-by-month plan of cash receipts, payments, borrowing and repayment, showing whether the business will have enough cash.
Accounting, Lesson 10.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6)
A month-by-month plan of cash receipts, payments, borrowing and repayment, showing whether the business will have enough cash.
Accounting, Lesson 10.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6)
cash countEnglish
Counting the money in the cash box and comparing it with what the records say should be there.
Grade 8 Business & Finance, Lesson 9.2 (grade 8)
Counting the money in the cash box and comparing it with what the records say should be there.
Grade 8 Business & Finance, Lesson 9.2 (grade 8)
cash flowEnglish
Money actually coming into and going out of a business over a period.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · +2 more
Money actually coming into and going out of a business over a period.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · +2 more
cash flow per doorEnglish
A portfolio’s monthly cash flow divided by its number of units; a measure of how much each unit actually earns after all costs and debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
A portfolio’s monthly cash flow divided by its number of units; a measure of how much each unit actually earns after all costs and debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
cash flow statementEnglish
The statement tracing actual cash in and out over a period, sorted into operating, investing and financing activities.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
The statement tracing actual cash in and out over a period, sorted into operating, investing and financing activities.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
cash for keysEnglish
A voluntary written agreement in which a landlord pays a tenant to move out by a certain date, avoiding a court eviction.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A voluntary written agreement in which a landlord pays a tenant to move out by a certain date, avoiding a court eviction.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
cash left in the dealEnglish
The investor’s cash in before refinance minus the cash returned by the refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
The investor’s cash in before refinance minus the cash returned by the refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
cash methodEnglish
An accounting method that records income when received and expenses when paid; most individual landlords use it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
An accounting method that records income when received and expenses when paid; most individual landlords use it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
cash needed (total cash invested)English
All the cash an investor must bring to a deal: down payment, closing costs, rehab, furnishing and reserves not covered by a loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
All the cash an investor must bring to a deal: down payment, closing costs, rehab, furnishing and reserves not covered by a loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
cash registerEnglish
A machine in a store that adds up sales, holds the money and prints receipts.
Grade 2 Business & Finance, Lesson 7.4 (grade 2)
A machine in a store that adds up sales, holds the money and prints receipts.
Grade 2 Business & Finance, Lesson 7.4 (grade 2)
cash reserveEnglish
Money held in a separate account for a property’s large or unexpected costs and for months without rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
Money held in a separate account for a property’s large or unexpected costs and for months without rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
Cash Short and OverEnglish
An account that records small differences between the cash that should be on hand and the cash actually counted; a shortage is a debit (expense), an overage a credit.
Accounting, Lesson 5.2 (grade 9–12)
An account that records small differences between the cash that should be on hand and the cash actually counted; a shortage is a debit (expense), an overage a credit.
Accounting, Lesson 5.2 (grade 9–12)
cash summaryEnglish
Beginning cash, cash in, cash out and ending cash for the period.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
Beginning cash, cash in, cash out and ending cash for the period.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
cash to closeEnglish
The amount the buyer must bring to closing: the total of the buyer’s debits minus the total of the buyer’s credits.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
The amount the buyer must bring to closing: the total of the buyer’s debits minus the total of the buyer’s credits.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
cash valueEnglish
The policy’s guaranteed living value, growing on a schedule in the contract, tax-deferred, available through loans or surrender.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
The policy’s guaranteed living value, growing on a schedule in the contract, tax-deferred, available through loans or surrender.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
cash-basis accountingEnglish
Recording revenue only when cash is received and expenses only when cash is paid, as a household checkbook does.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
Recording revenue only when cash is received and expenses only when cash is paid, as a household checkbook does.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
cash-flow forecastEnglish
A month-by-month estimate of cash in, cash out and the cash balance.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12)
A month-by-month estimate of cash in, cash out and the cash balance.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12)
cash-flow goalEnglish
A target amount of monthly net cash flow from rentals, stated in dollars with a date, used to plan how many and what kind of properties to own.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
A target amount of monthly net cash flow from rentals, stated in dollars with a date, used to plan how many and what kind of properties to own.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
cashierEnglish
The worker in a store who takes the money and gives the change.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Kindergarten Business & Finance, Lesson 7.2 (grade K)
The worker in a store who takes the money and gives the change.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Kindergarten Business & Finance, Lesson 7.2 (grade K)
cash-on-cash returnEnglish
Annual before-tax cash flow divided by the cash the investor actually put in (down payment plus acquisition costs).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
Annual before-tax cash flow divided by the cash the investor actually put in (down payment plus acquisition costs).
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
cash-out refinanceEnglish
A refinance for more than the existing balance, paying the borrower the difference in cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
A refinance for more than the existing balance, paying the borrower the difference in cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
catalogEnglish
A book or list of goods for sale, with pictures, descriptions and prices.
Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 8 Business & Finance, Lesson 4.2 (grade 8) · +2 more
A book or list of goods for sale, with pictures, descriptions and prices.
Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 8 Business & Finance, Lesson 4.2 (grade 8) · +2 more
causes of loss — basic formEnglish
The named-peril form covering roughly eleven listed perils, including fire, lightning, windstorm or hail, smoke, vandalism, sprinkler leakage, sinkhole collapse and volcanic action.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The named-peril form covering roughly eleven listed perils, including fire, lightning, windstorm or hail, smoke, vandalism, sprinkler leakage, sinkhole collapse and volcanic action.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
causes of loss — broad formEnglish
The named-peril form that adds perils such as falling objects, weight of ice, sleet or snow, and accidental water damage to the basic list.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The named-peril form that adds perils such as falling objects, weight of ice, sleet or snow, and accidental water damage to the basic list.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
causes of loss — special formEnglish
The open-peril form covering all direct physical loss except what the policy excludes, which shifts the burden to the insurer to prove an exclusion applies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The open-peril form covering all direct physical loss except what the policy excludes, which shifts the burden to the insurer to prove an exclusion applies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
caveat emptorEnglish
“Let the buyer beware” — the old rule that a seller had no duty to reveal defects and the buyer had to discover them for himself.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
“Let the buyer beware” — the old rule that a seller had no duty to reveal defects and the buyer had to discover them for himself.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
cease and desist orderEnglish
An Administrator’s order to stop a practice, issuable with or without a prior hearing when he sees a violation brewing or underway; it needs a court’s help (an injunction) to be forced on a defiant party.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
An Administrator’s order to stop a practice, issuable with or without a prior hearing when he sees a violation brewing or underway; it needs a court’s help (an injunction) to be forced on a defiant party.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
cease-and-desist orderEnglish
The commissioner's written command that a person or insurer stop a specified unlawful practice immediately.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The commissioner's written command that a person or insurer stop a specified unlawful practice immediately.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
centEnglish
One penny. One hundred cents make one dollar.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 7.1 (grade 2) · Kindergarten Business & Finance, Lesson 7.1 (grade K)
One penny. One hundred cents make one dollar.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 7.1 (grade 2) · Kindergarten Business & Finance, Lesson 7.1 (grade K)
central bankEnglish
A bank that serves the government and other banks, issues currency and acts as lender of last resort.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · Grade 6 Business & Finance, Lesson 2.3 (grade 6)
A bank that serves the government and other banks, issues currency and acts as lender of last resort.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · Grade 6 Business & Finance, Lesson 2.3 (grade 6)
central planningEnglish
An economic system in which a government agency decides what to produce, how and for whom, and sets prices.
Economics & the History of Money, Lesson 8.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 3.4 (grade 8)
An economic system in which a government agency decides what to produce, how and for whom, and sets prices.
Economics & the History of Money, Lesson 8.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 3.4 (grade 8)
CERCLA (Superfund)English
The Comprehensive Environmental Response, Compensation, and Liability Act of 1980, which funds cleanup of hazardous waste sites and makes responsible parties pay.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
The Comprehensive Environmental Response, Compensation, and Liability Act of 1980, which funds cleanup of hazardous waste sites and makes responsible parties pay.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
cerealEnglish
Food made from grains like wheat, corn, oats or rice.
Grade 1 Business & Finance, Lesson 4.3 (grade 1)
Food made from grains like wheat, corn, oats or rice.
Grade 1 Business & Finance, Lesson 4.3 (grade 1)
certificate of authorityEnglish
The state’s license to an insurance company — the company-level counterpart of the producer’s license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The state’s license to an insurance company — the company-level counterpart of the producer’s license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
certificate of deposit (CD)English
A bank time deposit that pays a stated rate for a stated term, with a penalty for early withdrawal; insured by the FDIC up to the legal limit.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A bank time deposit that pays a stated rate for a stated term, with a penalty for early withdrawal; insured by the FDIC up to the legal limit.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
certificate of eligibility (COE)English
The VA document showing that a borrower qualifies for the VA home loan guaranty and how much entitlement is available.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
The VA document showing that a borrower qualifies for the VA home loan guaranty and how much entitlement is available.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
certificate of insuranceEnglish
The document each covered member receives as evidence of coverage under the master policy; members are certificate holders, not policyowners.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
The document each covered member receives as evidence of coverage under the master policy; members are certificate holders, not policyowners.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
certificate of occupancyEnglish
A document issued by the building department certifying that a structure complies with codes and may lawfully be occupied.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
A document issued by the building department certifying that a structure complies with codes and may lawfully be occupied.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
chain of titleEnglish
The unbroken sequence of recorded conveyances by which title has passed from the original source to the present owner.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
The unbroken sequence of recorded conveyances by which title has passed from the original source to the present owner.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
chain storeEnglish
One of many stores with the same name and owner, selling the same kinds of goods.
Grade 4 Business & Finance, Lesson 7.3 (grade 4)
One of many stores with the same name and owner, selling the same kinds of goods.
Grade 4 Business & Finance, Lesson 7.3 (grade 4)
changeEnglish
The money you get back when you pay more than the price.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · +3 more
The money you get back when you pay more than the price.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · +3 more
change of occupation provisionEnglish
An optional provision adjusting benefits or premiums when the insured changes to a more or less hazardous occupation — benefits reduce for a riskier job, premiums refund in part for a safer one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
An optional provision adjusting benefits or premiums when the insured changes to a more or less hazardous occupation — benefits reduce for a riskier job, premiums refund in part for a safer one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
change orderEnglish
A written, signed amendment to a contract that changes the scope, price or schedule.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A written, signed amendment to a contract that changes the scope, price or schedule.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
charge-backEnglish
The repayment an agent owes when a policy lapses or is cancelled before the commission advanced on it has been earned.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The repayment an agent owes when a policy lapses or is cancelled before the commission advanced on it has been earned.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
charitable deductionEnglish
A gift to a qualified charity that may, under tax rules for those who itemize, reduce taxable income.
Personal Finance & Investing, Lesson 2.3 (grade 9–12)
A gift to a qualified charity that may, under tax rules for those who itemize, reduce taxable income.
Personal Finance & Investing, Lesson 2.3 (grade 9–12)
charityEnglish
Giving money or help to people in need.
Grade 2 Business & Finance, Lesson 4.2 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +1 more
Giving money or help to people in need.
Grade 2 Business & Finance, Lesson 4.2 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +1 more
chartEnglish
A picture or table that shows information in rows and columns.
Kindergarten Business & Finance, Lesson 7.3 (grade K) · Explore Crafts and Making · Expert, Stop 2.7 (Ages 14+) · Explore Crafts and Making · Ranger, Stop 2.7 (Ages 10–13) · +3 more
A picture or table that shows information in rows and columns.
Kindergarten Business & Finance, Lesson 7.3 (grade K) · Explore Crafts and Making · Expert, Stop 2.7 (Ages 14+) · Explore Crafts and Making · Ranger, Stop 2.7 (Ages 10–13) · +3 more
chart of accountsEnglish
The list of every account a business uses, with a number and name for each, arranged in a fixed order.
Accounting, Lesson 1.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 9.2 (grade 6) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
The list of every account a business uses, with a number and name for each, arranged in a fixed order.
Accounting, Lesson 1.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 9.2 (grade 6) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
charterEnglish
An official paper from a king or government that creates a company and gives it rights.
Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 6 Business & Finance, Lesson 4.1 (grade 6) · Grade 8 Latin, Lesson 4.1 (grade 8)
An official paper from a king or government that creates a company and gives it rights.
Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 6 Business & Finance, Lesson 4.1 (grade 6) · Grade 8 Latin, Lesson 4.1 (grade 8)
chartered companyEnglish
A company given special rights by a government, such as a monopoly on a trade, in return for serving the state.
Grade 7 Business & Finance, Lesson 4.1 (grade 7)
A company given special rights by a government, such as a monopoly on a trade, in return for serving the state.
Grade 7 Business & Finance, Lesson 4.1 (grade 7)
chattel realEnglish
A personal property interest in real estate; a leasehold is the classic example.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
A personal property interest in real estate; a leasehold is the classic example.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
checking accountEnglish
A bank account for everyday payments: deposits, debit-card purchases, checks, bill payments and transfers.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
A bank account for everyday payments: deposits, debit-card purchases, checks, bill payments and transfers.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
checklistEnglish
A list of steps to complete so nothing is forgotten.
Grade 4 Business & Finance, Lesson 9.3 (grade 4) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 8.1 (grade 3) · Grade 4 Composition & Creative Writing: The Fable Grown Up, and Narrative, Lesson 8.1 (grade 4) · +3 more
A list of steps to complete so nothing is forgotten.
Grade 4 Business & Finance, Lesson 9.3 (grade 4) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 8.1 (grade 3) · Grade 4 Composition & Creative Writing: The Fable Grown Up, and Narrative, Lesson 8.1 (grade 4) · +3 more
checkoutEnglish
The place in a store where you pay for what you chose.
Grade 2 Business & Finance, Lesson 3.4 (grade 2)
The place in a store where you pay for what you chose.
Grade 2 Business & Finance, Lesson 3.4 (grade 2)
chemistEnglish
A scientist who studies what things are made of.
Grade 1 Business & Finance, Lesson 5.4 (grade 1) · Grade 2 Business & Finance, Lesson 5.4 (grade 2)
A scientist who studies what things are made of.
Grade 1 Business & Finance, Lesson 5.4 (grade 1) · Grade 2 Business & Finance, Lesson 5.4 (grade 2)
ChFCEnglish
Chartered Financial Consultant — The American College's broader financial-planning designation, established in 1982.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
Chartered Financial Consultant — The American College's broader financial-planning designation, established in 1982.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
child laborEnglish
Children doing long, hard jobs for pay instead of going to school.
Grade 1 Business & Finance, Lesson 5.3 (grade 1) · Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.3 (grade 3) · +3 more
Children doing long, hard jobs for pay instead of going to school.
Grade 1 Business & Finance, Lesson 5.3 (grade 1) · Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.3 (grade 3) · +3 more
choiceEnglish
Picking one thing when you cannot have everything.
Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +2 more
Picking one thing when you cannot have everything.
Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +2 more
chooseEnglish
To pick one thing instead of another.
Kindergarten Business & Finance, Lesson 1.2 (grade K)
To pick one thing instead of another.
Kindergarten Business & Finance, Lesson 1.2 (grade K)
chronometerEnglish
A clock or watch accurate enough to keep time at sea, used to find longitude.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Explore Travel and Faraway Places · Ranger, Stop 1.3 (Ages 10–13) · Grade 5 Geography: Explorers, Navigators and Missionaries, Lesson 3.2 (grade 5)
A clock or watch accurate enough to keep time at sea, used to find longitude.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Explore Travel and Faraway Places · Ranger, Stop 1.3 (Ages 10–13) · Grade 5 Geography: Explorers, Navigators and Missionaries, Lesson 3.2 (grade 5)
churningEnglish
A producer's practice of replacing policies within the same insurer's book, feeding on cash values, chiefly to generate new first-year commissions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
A producer's practice of replacing policies within the same insurer's book, feeding on cash values, chiefly to generate new first-year commissions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
CICEnglish
Certified Insurance Counselor — a practical agency-focused designation program begun in 1969 by the National Alliance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
Certified Insurance Counselor — a practical agency-focused designation program begun in 1969 by the National Alliance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
citationEnglish
A note telling the reader exactly where a fact or quotation came from.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 3.3 (grade 11) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.4 (grade 12) · +3 more
A note telling the reader exactly where a fact or quotation came from.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 3.3 (grade 11) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.4 (grade 12) · +3 more
Civil Rights Act of 1866English
Federal law giving all citizens the same right as white citizens to inherit, purchase, lease, sell, hold and convey real and personal property; it bars racial discrimination in property and has no exemptions.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Federal law giving all citizens the same right as white citizens to inherit, purchase, lease, sell, hold and convey real and personal property; it bars racial discrimination in property and has no exemptions.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
claimEnglish
Something an advertisement says is true about a product.
Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.2 (grade 10) · +3 more
Something an advertisement says is true about a product.
Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.2 (grade 10) · +3 more
claim formsEnglish
The insurer must send claim forms within 15 days of notice; if it fails, the insured may submit proof of loss in any written form.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The insurer must send claim forms within 15 days of notice; if it fails, the insured may submit proof of loss in any written form.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
claims adjusterEnglish
The licensed professional who investigates and settles claims — a career door the same insurance knowledge opens, usually with its own state license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
The licensed professional who investigates and settles claims — a career door the same insurance knowledge opens, usually with its own state license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
claims-made formEnglish
A CGL form covering claims first made during the policy period, provided the injury happened after the retroactive date.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
A CGL form covering claims first made during the policy period, provided the injury happened after the retroactive date.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
Class AEnglish
Newer or fully renovated property in a high-demand area with the highest rents, lowest vacancy and repairs, and usually the lowest cap rates.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Newer or fully renovated property in a high-demand area with the highest rents, lowest vacancy and repairs, and usually the lowest cap rates.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Class BEnglish
Older but well-maintained property in a stable area with solid demand, moderate rents and moderate repairs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Older but well-maintained property in a stable area with solid demand, moderate rents and moderate repairs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Class CEnglish
Older, dated property needing more maintenance, with lower rents, higher turnover and vacancy, and usually higher cap rates.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Older, dated property needing more maintenance, with lower rents, higher turnover and vacancy, and usually higher cap rates.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Class DEnglish
Distressed property or area with very high vacancy, turnover and repair costs; management-intensive and unsuited to beginners.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Distressed property or area with very high vacancy, turnover and repair costs; management-intensive and unsuited to beginners.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
cleaning feeEnglish
A per-stay charge to guests that pays for cleaning and resetting the property between stays.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
A per-stay charge to guests that pays for cleaning and resetting the property between stays.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
clearinghouseEnglish
An association through which banks settle checks with each other and, in panics, pool reserves.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
An association through which banks settle checks with each other and, in panics, pool reserves.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
clerkEnglish
A worker in a store who helps customers and sells them goods.
Grade 1 Business & Finance, Lesson 3.2 (grade 1)
A worker in a store who helps customers and sells them goods.
Grade 1 Business & Finance, Lesson 3.2 (grade 1)
clippingEnglish
Shaving or cutting bits of metal off the edge of a coin to steal the silver or gold, making the coin worth less than it claims.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
Shaving or cutting bits of metal off the edge of a coin to steal the silver or gold, making the coin worth less than it claims.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
close rateEnglish
The share of sales conversations that end in a sale.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12)
The share of sales conversations that end in a sale.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12)
close the booksEnglish
To finish the records for a business and find out how it did.
Grade 2 Business & Finance, Lesson 9.4 (grade 2) · Grade 3 Business & Finance, Lesson 9.4 (grade 3) · Grade 4 Business & Finance, Lesson 9.4 (grade 4)
To finish the records for a business and find out how it did.
Grade 2 Business & Finance, Lesson 9.4 (grade 2) · Grade 3 Business & Finance, Lesson 9.4 (grade 3) · Grade 4 Business & Finance, Lesson 9.4 (grade 4)
closed-end fundEnglish
An investment company that sells a fixed number of shares once, in an offering, after which the shares trade in the market at whatever price buyers and sellers agree on.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
An investment company that sells a fixed number of shares once, in an offering, after which the shares trade in the market at whatever price buyers and sellers agree on.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
closingEnglish
Asking the customer for a decision.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 7.3 (grade 3) · Explore Hospitality and Home · Ranger, Stop 3.7 (Ages 10–13)
Asking the customer for a decision.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 7.3 (grade 3) · Explore Hospitality and Home · Ranger, Stop 3.7 (Ages 10–13)
closing costsEnglish
Fees and charges paid when a home purchase is completed: loan fees, appraisal, title insurance, recording and others.
Personal Finance & Investing, Lesson 9.3 (grade 9–12)
Fees and charges paid when a home purchase is completed: loan fees, appraisal, title insurance, recording and others.
Personal Finance & Investing, Lesson 9.3 (grade 9–12)
Closing DisclosureEnglish
The five-page TRID form showing the final loan terms and closing costs, which the borrower must receive at least three business days before consummation.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The five-page TRID form showing the final loan terms and closing costs, which the borrower must receive at least three business days before consummation.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
closing entriesEnglish
Entries at the end of the period that transfer the balances of revenue, expense and drawing accounts into owner’s capital, leaving the temporary accounts at zero.
Accounting, Lesson 3.4 (grade 9–12)
Entries at the end of the period that transfer the balances of revenue, expense and drawing accounts into owner’s capital, leaving the temporary accounts at zero.
Accounting, Lesson 3.4 (grade 9–12)
closing (settlement)English
The completion of a sale, when the deed is delivered, the purchase price and loan funds are paid out, and the documents are recorded.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
The completion of a sale, when the deed is delivered, the purchase price and loan funds are paid out, and the documents are recorded.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
closing the booksEnglish
Finishing the records for a period: adding up all revenue and expenses and preparing the financial reports.
Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Grade 6 Business & Finance, Lesson 9.4 (grade 6) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · +1 more
Finishing the records for a period: adding up all revenue and expenses and preparing the financial reports.
Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Grade 6 Business & Finance, Lesson 9.4 (grade 6) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · +1 more
cloud on titleEnglish
Any claim, document or encumbrance that may impair an owner’s title, such as an unreleased mortgage or a possible heir’s interest.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
Any claim, document or encumbrance that may impair an owner’s title, such as an unreleased mortgage or a possible heir’s interest.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
CLUEnglish
Chartered Life Underwriter — the life insurance profession's senior designation, awarded since 1927 through The American College.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
Chartered Life Underwriter — the life insurance profession's senior designation, awarded since 1927 through The American College.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
CMA, CIA, EAEnglish
Certified Management Accountant (management accounting), Certified Internal Auditor (internal audit), Enrolled Agent (licensed to represent taxpayers before the IRS).
Accounting, Lesson 9.5 (grade 9–12)
Certified Management Accountant (management accounting), Certified Internal Auditor (internal audit), Enrolled Agent (licensed to represent taxpayers before the IRS).
Accounting, Lesson 9.5 (grade 9–12)
COBRAEnglish
The federal continuation law requiring employers of 20 or more to let qualified beneficiaries continue group health coverage at their own expense — up to 102% of the group premium — after qualifying events.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
The federal continuation law requiring employers of 20 or more to let qualified beneficiaries continue group health coverage at their own expense — up to 102% of the group premium — after qualifying events.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
cogEnglish
A sturdy, round-bellied wooden sailing ship with a single square sail, used by Hanseatic merchants.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Technology Overcoming Geography, Lesson 1.1 (grade 9–12)
A sturdy, round-bellied wooden sailing ship with a single square sail, used by Hanseatic merchants.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Technology Overcoming Geography, Lesson 1.1 (grade 9–12)
coinEnglish
A piece of metal of set weight and fineness, stamped by an authority that guarantees it.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.3 (grade 1) · Grade 2 Business & Finance, Lesson 2.2 (grade 2) · +3 more
A piece of metal of set weight and fineness, stamped by an authority that guarantees it.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.3 (grade 1) · Grade 2 Business & Finance, Lesson 2.2 (grade 2) · +3 more
coincident indicatorEnglish
A statistic that moves with the economy in real time, such as nonfarm payrolls, personal income and industrial production.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
A statistic that moves with the economy in real time, such as nonfarm payrolls, personal income and industrial production.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
coinsuranceEnglish
The percentage sharing of covered expenses above the deductible between insurer and insured — classically 80% insurer, 20% insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12)
The percentage sharing of covered expenses above the deductible between insurer and insured — classically 80% insurer, 20% insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12)
coinsurance clauseEnglish
A condition requiring the insured to carry at least a stated percentage of the property's value — commonly 80% — or share proportionally in any partial loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
A condition requiring the insured to carry at least a stated percentage of the property's value — commonly 80% — or share proportionally in any partial loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
collateralEnglish
Assets pledged to secure a loan, which the lender may take if the loan is not repaid.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 5.2 (grade 9–12) · +2 more
Assets pledged to secure a loan, which the lender may take if the loan is not repaid.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 5.2 (grade 9–12) · +2 more
collateral assignmentEnglish
A temporary, partial transfer of policy rights to a lender as security for a debt; the lender’s claim is limited to the balance owed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
A temporary, partial transfer of policy rights to a lender as security for a debt; the lender’s claim is limited to the balance owed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
collective action clauseEnglish
A term in a bond that lets a large majority of holders agree to a restructuring that binds all holders.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
A term in a bond that lets a large majority of holders agree to a restructuring that binds all holders.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
collective bargainingEnglish
Negotiation between an employer and a union representing its workers.
Economics & the History of Money, Lesson 7.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.1 (grade 7)
Negotiation between an employer and a union representing its workers.
Economics & the History of Money, Lesson 7.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.1 (grade 7)
collisionEnglish
The upset of the covered auto, or its impact with another vehicle or object — the tree, the guardrail, the other car.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · Grade 3 Engineering & Physics, Lesson 9.2 (grade 3)
The upset of the covered auto, or its impact with another vehicle or object — the tree, the guardrail, the other car.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · Grade 3 Engineering & Physics, Lesson 9.2 (grade 3)
collision coverageEnglish
Pays to repair or replace your own car after a crash, minus the deductible.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
Pays to repair or replace your own car after a crash, minus the deductible.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
combined loan-to-value (CLTV)English
All loans secured by a property, added together, divided by its value.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
All loans secured by a property, added together, divided by its value.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
combined single limit (CSL)English
One pool of liability money per accident, applied to bodily injury and property damage together without a per-person cap.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
One pool of liability money per accident, applied to bodily injury and property damage together without a per-person cap.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
command economyEnglish
An economy in which government planners decide what to produce, how much, and at what price; also called a planned economy.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
An economy in which government planners decide what to produce, how much, and at what price; also called a planned economy.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
commercial crime policyEnglish
A policy packaging crime coverages such as employee theft, forgery or alteration, theft of money and securities inside and outside the premises, robbery, safe burglary and computer fraud.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
A policy packaging crime coverages such as employee theft, forgery or alteration, theft of money and securities inside and outside the premises, robbery, safe burglary and computer fraud.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
commercial general liability policy (CGL)English
The standard policy covering a business's legal liability to others for bodily injury, property damage, and personal and advertising injury arising from its premises, operations and products.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
The standard policy covering a business's legal liability to others for bodily injury, property damage, and personal and advertising injury arising from its premises, operations and products.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
commercial loanEnglish
A loan on income property, such as apartments of five or more units, underwritten mainly on NOI, DSCR and LTV.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A loan on income property, such as apartments of five or more units, underwritten mainly on NOI, DSCR and LTV.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
commercial multifamilyEnglish
A residential building of five or more units, financed with commercial loans and valued mainly by its income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
A residential building of five or more units, financed with commercial loans and valued mainly by its income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
commercial package policy (CPP)English
A custom-built policy for risks outside BOP eligibility: common declarations and conditions plus two or more chosen coverage parts, such as commercial property, general liability, crime, inland marine and commercial auto.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A custom-built policy for risks outside BOP eligibility: common declarations and conditions plus two or more chosen coverage parts, such as commercial property, general liability, crime, inland marine and commercial auto.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
commercial paperEnglish
A corporation’s short-term unsecured promissory note, issued at a discount with a maximum maturity of 270 days so it is exempt from registration under the Securities Act of 1933.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A corporation’s short-term unsecured promissory note, issued at a discount with a maximum maturity of 270 days so it is exempt from registration under the Securities Act of 1933.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
comminglingEnglish
Mixing a client’s or customer’s funds with the broker’s own funds, such as depositing earnest money into the brokerage’s operating account.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Mixing a client’s or customer’s funds with the broker’s own funds, such as depositing earnest money into the brokerage’s operating account.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
commissaryEnglish
An approved kitchen where a mobile vendor stores food, fills water, cleans the cart and disposes of waste.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
An approved kitchen where a mobile vendor stores food, fills water, cleans the cart and disposes of waste.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
commissionEnglish
Pay to a salesperson equal to a percentage of the sales he makes.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Seven Small Businesses, Lesson 1.2 (grade 9–12) · +1 more
Pay to a salesperson equal to a percentage of the sales he makes.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Seven Small Businesses, Lesson 1.2 (grade 9–12) · +1 more
commission scheduleEnglish
The contract exhibit stating what percentage of premium the agent earns on each product, new and renewal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
The contract exhibit stating what percentage of premium the agent earns on each product, new and renewal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
commission splitEnglish
The division of a commission — between the listing and cooperating brokerages, and then between each brokerage and its agent — by percentages agreed in advance.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
The division of a commission — between the listing and cooperating brokerages, and then between each brokerage and its agent — by percentages agreed in advance.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
commissioner of insuranceEnglish
The chief insurance regulator of a state — titled commissioner, director or superintendent — who licenses producers and insurers, approves forms and rates, examines companies and enforces the code.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The chief insurance regulator of a state — titled commissioner, director or superintendent — who licenses producers and insurers, approves forms and rates, examines companies and enforces the code.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
commodityEnglish
A standardized good, such as graded wheat, whose units are interchangeable whoever produced them.
Economics & the History of Money, Lesson 3.1 (grade 11–12) · Grade 6 Engineering & Physics, Lesson 3.2 (grade 6)
A standardized good, such as graded wheat, whose units are interchangeable whoever produced them.
Economics & the History of Money, Lesson 3.1 (grade 11–12) · Grade 6 Engineering & Physics, Lesson 3.2 (grade 6)
commodity moneyEnglish
Money that is also a useful or valued thing in itself, like salt, shells, cattle or gold.
Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Grade 5 Business & Finance, Lesson 2.1 (grade 5)
Money that is also a useful or valued thing in itself, like salt, shells, cattle or gold.
Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Grade 5 Business & Finance, Lesson 2.1 (grade 5)
common areaEnglish
Space shared by all tenants — halls, stairs, yard, parking, laundry — maintained and often lit and heated at the owner’s expense.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Space shared by all tenants — halls, stairs, yard, parking, laundry — maintained and often lit and heated at the owner’s expense.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
common disaster clauseEnglish
A policy provision, resting on the Uniform Simultaneous Death Act, that treats the primary beneficiary as having died first when insured and beneficiary die in the same event or within a stated survivorship period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A policy provision, resting on the Uniform Simultaneous Death Act, that treats the primary beneficiary as having died first when insured and beneficiary die in the same event or within a stated survivorship period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
common elementsEnglish
The parts of a condominium owned jointly by all unit owners — land, exterior walls, roof, hallways, elevators, grounds and shared facilities.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
The parts of a condominium owned jointly by all unit owners — land, exterior walls, roof, hallways, elevators, grounds and shared facilities.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
common stockEnglish
The basic ownership shares of a corporation, usually with the right to choose the directors and to share in dividends and residual assets.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
The basic ownership shares of a corporation, usually with the right to choose the directors and to share in dividends and residual assets.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
common storeEnglish
A shared supply into which everyone puts what he produces and from which everyone draws, no matter how much he worked.
Grade 7 Business & Finance, Lesson 1.1 (grade 7)
A shared supply into which everyone puts what he produces and from which everyone draws, no matter how much he worked.
Grade 7 Business & Finance, Lesson 1.1 (grade 7)
common-cause variationEnglish
Variation built into the system itself; only changing the system reduces it.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
Variation built into the system itself; only changing the system reduces it.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
communityEnglish
The town and neighbors around a business.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 6.1 (grade K) · +1 more
The town and neighbors around a business.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 6.1 (grade K) · +1 more
community helperEnglish
A worker whose job helps the people of a town, like a firefighter, nurse, farmer or mail carrier.
Kindergarten Business & Finance, Lesson 1.3 (grade K)
A worker whose job helps the people of a town, like a firefighter, nurse, farmer or mail carrier.
Kindergarten Business & Finance, Lesson 1.3 (grade K)
community propertyEnglish
A system, used in states such as Washington and Idaho, under which property acquired by either spouse during marriage is owned equally by both, except separate property.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
A system, used in states such as Washington and Idaho, under which property acquired by either spouse during marriage is owned equally by both, except separate property.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
company scripEnglish
Paper or tokens issued by a company instead of money, usable only at the company’s own store.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
Paper or tokens issued by a company instead of money, usable only at the company’s own store.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
company townEnglish
A town built by one company, where the company provided homes, stores and services for its workers.
Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 8 Business & Finance, Lesson 3.3 (grade 8)
A town built by one company, where the company provided homes, stores and services for its workers.
Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 8 Business & Finance, Lesson 3.3 (grade 8)
comparable (comp)English
A recently sold property similar to the subject, used to indicate the subject’s value.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
A recently sold property similar to the subject, used to indicate the subject’s value.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
comparative advantageEnglish
The ability to produce a good at a lower opportunity cost than another producer.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +3 more
The ability to produce a good at a lower opportunity cost than another producer.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +3 more
comparative market analysis (CMA)English
A licensee’s comparison of recently sold, pending and active listings to help a seller set a list price or a buyer frame an offer; not an appraisal.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
A licensee’s comparison of recently sold, pending and active listings to help a seller set a list price or a buyer frame an offer; not an appraisal.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
comparative negligenceEnglish
The modern rule that reduces a claimant's recovery by his percentage of fault; modified versions bar recovery when his fault reaches 50% or 51%, depending on the state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
The modern rule that reduces a claimant's recovery by his percentage of fault; modified versions bar recovery when his fault reaches 50% or 51%, depending on the state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
compensating errorEnglish
Two errors that offset each other so the trial balance still balances.
Accounting, Lesson 2.4 (grade 9–12)
Two errors that offset each other so the trial balance still balances.
Accounting, Lesson 2.4 (grade 9–12)
compensating errorsEnglish
Two mistakes of the same size on opposite sides that cancel each other out, hiding both from the trial balance.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
Two mistakes of the same size on opposite sides that cancel each other out, hiding both from the trial balance.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
compensationEnglish
Any economic benefit received for advice — a flat fee, an hourly rate, a subscription or a percentage of assets under management — one prong of the three-part adviser test.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
Any economic benefit received for advice — a flat fee, an hourly rate, a subscription or a percentage of assets under management — one prong of the three-part adviser test.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
compensatory damagesEnglish
Money awarded to put the injured party in the position the contract would have produced.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
Money awarded to put the injured party in the position the contract would have produced.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
competent partiesEnglish
Parties legally able to contract — of legal age, of sound mind, not under duress — with the insurer licensed to do business in the state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
Parties legally able to contract — of legal age, of sound mind, not under duress — with the insurer licensed to do business in the state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
competitionEnglish
When two or more sellers try to win the same customers.
Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 3 Business & Finance, Lesson 3.2 (grade 3) · Grade 4 Business & Finance, Lesson 3.3 (grade 4) · +2 more
When two or more sellers try to win the same customers.
Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 3 Business & Finance, Lesson 3.2 (grade 3) · Grade 4 Business & Finance, Lesson 3.3 (grade 4) · +2 more
competitorEnglish
Another business that sells the same kind of thing to the same customers.
Grade 3 Business & Finance, Lesson 3.2 (grade 3)
Another business that sells the same kind of thing to the same customers.
Grade 3 Business & Finance, Lesson 3.2 (grade 3)
complaintEnglish
A customer’s report that something was wrong with a product or service.
Grade 4 Business & Finance, Lesson 6.4 (grade 4)
A customer’s report that something was wrong with a product or service.
Grade 4 Business & Finance, Lesson 6.4 (grade 4)
complementary goodsEnglish
Products used together, such as razors and blades or printers and ink.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
Products used together, such as razors and blades or printers and ink.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
complementary skillsEnglish
Different skills that fit together, so that each partner supplies what the other lacks.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
Different skills that fit together, so that each partner supplies what the other lacks.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
complexity costEnglish
The extra cost of making, storing and managing many different parts and products.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
The extra cost of making, storing and managing many different parts and products.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
composite caseEnglish
A teaching case built from common patterns rather than from one real person’s story; names and details are invented, and the lessons are real.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
A teaching case built from common patterns rather than from one real person’s story; names and details are invented, and the lessons are real.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
compound entryEnglish
A journal entry that affects three or more accounts, still with total debits equal to total credits.
Accounting, Lesson 1.3 (grade 9–12)
A journal entry that affects three or more accounts, still with total debits equal to total credits.
Accounting, Lesson 1.3 (grade 9–12)
compound-interest formulaEnglish
A = P(1 + r)ⁿ, where P is the principal, r is the yearly rate as a decimal, n is the number of years and A is the amount at the end.
Grade 6 Business & Finance, Lesson 8.1 (grade 6)
A = P(1 + r)ⁿ, where P is the principal, r is the yearly rate as a decimal, n is the number of years and A is the amount at the end.
Grade 6 Business & Finance, Lesson 8.1 (grade 6)
comprehensive coverageEnglish
Pays for damage to your car from causes other than collision: theft, fire, hail, flood, hitting an animal.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
Pays for damage to your car from causes other than collision: theft, fire, hail, flood, hitting an animal.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
comprehensive plan (master plan)English
A community’s long-range plan for land use, transportation, utilities and growth, on which zoning ordinances are based.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
A community’s long-range plan for land use, transportation, utilities and growth, on which zoning ordinances are based.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
compulsory educationEnglish
A law requiring children to attend school until a certain age.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
A law requiring children to attend school until a certain age.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
compulsory insurance lawEnglish
A state law requiring minimum liability insurance before a car may be registered or driven, pioneered by Massachusetts in 1927.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
A state law requiring minimum liability insurance before a car may be registered or driven, pioneered by Massachusetts in 1927.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
concealmentEnglish
The applicant’s failure to disclose a known material fact the insurer had no way to discover.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
The applicant’s failure to disclose a known material fact the insurer had no way to discover.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
concentration ratioEnglish
The combined market share of the largest firms in a market; the four-firm ratio (CR4) adds the shares of the top four.
Grade 8 Business & Finance, Lesson 3.1 (grade 8)
The combined market share of the largest firms in a market; the four-firm ratio (CR4) adds the shares of the top four.
Grade 8 Business & Finance, Lesson 3.1 (grade 8)
concentration riskEnglish
The danger of having most of one’s wealth in one property, one town or one employer’s market.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
The danger of having most of one’s wealth in one property, one town or one employer’s market.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
concessionEnglish
A discount given to win or keep a tenant, such as a free first month, that lowers collected rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 1.2 (grade 11) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 6.2 (grade 11) · +3 more
A discount given to win or keep a tenant, such as a free first month, that lowers collected rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 1.2 (grade 11) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 6.2 (grade 11) · +3 more
concurrent ownershipEnglish
Ownership of the same property by two or more persons at the same time; also called co-ownership.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
Ownership of the same property by two or more persons at the same time; also called co-ownership.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
condemnationEnglish
The legal proceeding by which a government or authorized entity exercises eminent domain and acquires title to private property.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The legal proceeding by which a government or authorized entity exercises eminent domain and acquires title to private property.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
conditionEnglish
A deed provision whose breach can end the owner’s estate and return title to the grantor or heirs (forfeiture or reversion).
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Grade 6 Spanish, Lesson 2.2 (grade 6)
A deed provision whose breach can end the owner’s estate and return title to the grantor or heirs (forfeiture or reversion).
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Grade 6 Spanish, Lesson 2.2 (grade 6)
condition classEnglish
A grouping of comps by condition — dated, average, or fully renovated — so that a renovated subject is compared with renovated sales.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
A grouping of comps by condition — dated, average, or fully renovated — so that a renovated subject is compared with renovated sales.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
conditional contractEnglish
A contract whose performance depends on conditions being met, such as paying the premium and giving timely proof of loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
A contract whose performance depends on conditions being met, such as paying the premium and giving timely proof of loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
conditional receiptEnglish
A receipt given when premium accompanies a life or health application, making coverage effective as of the receipt (or medical exam) date only if the applicant proves insurable as applied for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
A receipt given when premium accompanies a life or health application, making coverage effective as of the receipt (or medical exam) date only if the applicant proves insurable as applied for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
conditional use permit (special use permit)English
Approval for a use that the district allows only if specified conditions are met, such as a church, school or day care in a residential zone.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
Approval for a use that the district allows only if specified conditions are met, such as a church, school or day care in a residential zone.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
conditions of saleEnglish
Circumstances of a sale that may make its price unrepresentative, such as a sale between relatives or a forced sale; such sales are usually rejected or adjusted.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
Circumstances of a sale that may make its price unrepresentative, such as a sale between relatives or a forced sale; such sales are usually rejected or adjusted.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
condominiumEnglish
A form of ownership in which each owner holds a unit in fee simple plus an undivided interest, as a tenant in common, in the common elements.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 3.1 (grade 9–12)
A form of ownership in which each owner holds a unit in fee simple plus an undivided interest, as a tenant in common, in the common elements.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 3.1 (grade 9–12)
confidentialityEnglish
The duty to keep the client’s private information — motivation, finances, bottom price — secret, during and after the agency.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
The duty to keep the client’s private information — motivation, finances, bottom price — secret, during and after the agency.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
confirmationEnglish
Obtaining written evidence directly from an outside party, such as a customer confirming the balance it owes or a bank confirming a deposit.
Accounting, Lesson 9.3 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 3.1 (grade 6)
Obtaining written evidence directly from an outside party, such as a customer confirming the balance it owes or a bank confirming a deposit.
Accounting, Lesson 9.3 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 3.1 (grade 6)
confirmation biasEnglish
The tendency to notice evidence that supports what we already want to believe and to discount evidence against it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
The tendency to notice evidence that supports what we already want to believe and to discount evidence against it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
conflict of interestEnglish
A situation in which an adviser gains from the advice they give, such as a seller who is also the lender or an agent paid only if you buy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
A situation in which an adviser gains from the advice they give, such as a seller who is also the lender or an agent paid only if you buy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
conflict-of-interest obligationEnglish
The duty to identify and avoid or reasonably manage conflicts — incentives that would place the producer's interest ahead of the consumer's, such as sales contests tied to one product.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The duty to identify and avoid or reasonably manage conflicts — incentives that would place the producer's interest ahead of the consumer's, such as sales contests tied to one product.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
conforming loanEnglish
A conventional loan that meets the underwriting standards and loan limits set for purchase by Fannie Mae and Freddie Mac.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
A conventional loan that meets the underwriting standards and loan limits set for purchase by Fannie Mae and Freddie Mac.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
conformityEnglish
The principle that value is maximized when a property is reasonably similar to the others around it.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The principle that value is maximized when a property is reasonably similar to the others around it.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
connection feeEnglish
A utility’s charge for connecting a new unit to water or sewer service, sometimes called a system development charge.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
A utility’s charge for connecting a new unit to water or sewer service, sometimes called a system development charge.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
consent to service of processEnglish
A filing appointing the Administrator as the registrant’s attorney to receive legal papers, so an out-of-state firm can always be sued at home; filed once with the initial application, not with renewals.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
A filing appointing the Administrator as the registrant’s attorney to receive legal papers, so an out-of-state firm can always be sued at home; filed once with the initial application, not with renewals.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
conservative assumptionsEnglish
Projections that assume flat or slow appreciation and rent growth, steady expense growth and realistic vacancy, so that plans survive ordinary bad years.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
Projections that assume flat or slow appreciation and rent growth, steady expense growth and realistic vacancy, so that plans survive ordinary bad years.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
considerationEnglish
Something of value each side gives or promises in the exchange.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
Something of value each side gives or promises in the exchange.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
consistency principleEnglish
A company should use the same accounting methods from period to period, and disclose any change, so that results can be compared.
Accounting, Lesson 6.4 (grade 9–12)
A company should use the same accounting methods from period to period, and disclose any change, so that results can be compared.
Accounting, Lesson 6.4 (grade 9–12)
consolEnglish
A British government bond with no maturity date that paid interest indefinitely until the government chose to buy it back.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
A British government bond with no maturity date that paid interest indefinitely until the government chose to buy it back.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
consolidated statementsEnglish
Statements that combine a parent company and all the companies it controls into one set of figures, eliminating transactions among them.
Accounting, Lesson 5.4 (grade 9–12)
Statements that combine a parent company and all the companies it controls into one set of figures, eliminating transactions among them.
Accounting, Lesson 5.4 (grade 9–12)
ConstitutionEnglish
The written plan of the United States government, adopted in 1788.
Grade 4 Business & Finance, Lesson 5.2 (grade 4)
The written plan of the United States government, adopted in 1788.
Grade 4 Business & Finance, Lesson 5.2 (grade 4)
construction maintenanceEnglish
New construction, renovation or tenant improvements (build-outs) that change or add to the property, often for a particular tenant.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
New construction, renovation or tenant improvements (build-outs) that change or add to the property, often for a particular tenant.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
constructive deliveryEnglish
Delivery in the eyes of the law without the owner’s hands on the paper — as when the insurer mails the policy or releases it unconditionally to its agent for the owner.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
Delivery in the eyes of the law without the owner’s hands on the paper — as when the insurer mails the policy or releases it unconditionally to its agent for the owner.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
constructive evictionEnglish
A landlord’s act or failure that makes the premises unusable for their intended purpose, allowing the tenant to move out within a reasonable time and stop paying rent.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A landlord’s act or failure that makes the premises unusable for their intended purpose, allowing the tenant to move out within a reasonable time and stop paying rent.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
constructive noticeEnglish
Notice the law presumes everyone has, whether or not they actually know, because the information is in the public records or could be learned by inspecting the property.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
Notice the law presumes everyone has, whether or not they actually know, because the information is in the public records or could be learned by inspecting the property.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
consultative sellingEnglish
Selling by first understanding a customer’s situation and needs through questions, then recommending what truly fits.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.3 (grade 8)
Selling by first understanding a customer’s situation and needs through questions, then recommending what truly fits.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.3 (grade 8)
consumerEnglish
A person who buys and uses things or help that others make or do.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Grade 5 Business & Finance, Lesson 1.1 (grade 5) · +3 more
A person who buys and uses things or help that others make or do.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Grade 5 Business & Finance, Lesson 1.1 (grade 5) · +3 more
Consumer Financial Protection Bureau (CFPB)English
The federal agency created by the Dodd-Frank Act of 2010 that since 2011 writes and enforces most federal consumer-finance rules, including TILA, RESPA and ECOA rules.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The federal agency created by the Dodd-Frank Act of 2010 that since 2011 writes and enforces most federal consumer-finance rules, including TILA, RESPA and ECOA rules.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
consumer price index (CPI)English
A measure of the average price of a fixed basket of goods and services bought by households, compared with a base year.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
A measure of the average price of a fixed basket of goods and services bought by households, compared with a base year.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
consumer reportEnglish
Under the Fair Credit Reporting Act, a credit report or tenant background report from a consumer reporting agency used in deciding whether to rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
Under the Fair Credit Reporting Act, a credit report or tenant background report from a consumer reporting agency used in deciding whether to rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
containerEnglish
A standard steel box that can move between ship, truck and train without its contents being unpacked.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 1 Gardening & Animals, Lesson 7.1 (grade 1) · Grade 3 Gardening & Animals, Lesson 7.1 (grade 3)
A standard steel box that can move between ship, truck and train without its contents being unpacked.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 1 Gardening & Animals, Lesson 7.1 (grade 1) · Grade 3 Gardening & Animals, Lesson 7.1 (grade 3)
content outlineEnglish
The testing company’s published list of topics and their weights for an exam, found in the candidate handbook.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
The testing company’s published list of topics and their weights for an exam, found in the candidate handbook.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
contentmentEnglish
A settled satisfaction with what God has given, free from restless craving for more.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.3 (grade 5)
A settled satisfaction with what God has given, free from restless craving for more.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.3 (grade 5)
Continental dollarEnglish
Paper money printed by the Continental Congress from 1775 to 1779 to pay for the War of Independence.
Grade 4 Business & Finance, Lesson 2.3 (grade 4)
Paper money printed by the Continental Congress from 1775 to 1779 to pay for the War of Independence.
Grade 4 Business & Finance, Lesson 2.3 (grade 4)
contingencyEnglish
A plan for what to do if something goes wrong.
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12) · +3 more
A plan for what to do if something goes wrong.
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12) · +3 more
contingent deferred sales charge (CDSC)English
A back-end load on Class B shares that is charged when shares are sold and declines each year until it reaches zero.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
A back-end load on Class B shares that is charged when shares are sold and declines each year until it reaches zero.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
contingent (secondary) beneficiaryEnglish
The beneficiary who receives the proceeds only if no primary beneficiary is alive to take them; a tertiary class may stand behind the contingent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
The beneficiary who receives the proceeds only if no primary beneficiary is alive to take them; a tertiary class may stand behind the contingent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
continuing education (CE)English
Ongoing coursework required to renew a license — commonly 24 hours per two-year term including about 3 hours of ethics, varying by state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12) · +1 more
Ongoing coursework required to renew a license — commonly 24 hours per two-year term including about 3 hours of ethics, varying by state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12) · +1 more
contra accountEnglish
An account with a balance opposite to the accounts it is grouped with, used to reduce them (for example, Accumulated Depreciation reduces Equipment; Lesson 3.2).
Accounting, Lesson 2.1 (grade 9–12)
An account with a balance opposite to the accounts it is grouped with, used to reduce them (for example, Accumulated Depreciation reduces Equipment; Lesson 3.2).
Accounting, Lesson 2.1 (grade 9–12)
contractEnglish
A voluntary, legally enforceable agreement between parties.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 5.2 (grade 1) · +3 more
A voluntary, legally enforceable agreement between parties.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 5.2 (grade 1) · +3 more
contract bondsEnglish
Surety bonds guaranteeing construction obligations: bid bonds (the bidder will sign if awarded), performance bonds (the work will be completed), and payment bonds (laborers and suppliers will be paid).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Surety bonds guaranteeing construction obligations: bid bonds (the bidder will sign if awarded), performance bonds (the work will be completed), and payment bonds (laborers and suppliers will be paid).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
contract of adhesionEnglish
A contract drafted entirely by one party and offered take-it-or-leave-it, so courts construe any ambiguity against the drafter — the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
A contract drafted entirely by one party and offered take-it-or-leave-it, so courts construe any ambiguity against the drafter — the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
contraction (recession)English
The phase of falling output and rising unemployment; the classic exam definition of recession is two or more consecutive quarters of declining real GDP.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
The phase of falling output and rising unemployment; the classic exam definition of recession is two or more consecutive quarters of declining real GDP.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
contributionEnglish
The principle that a component is worth what it adds to the property’s value, regardless of its cost.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The principle that a component is worth what it adds to the property’s value, regardless of its cost.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
contribution marginEnglish
Sales minus variable costs: what is left to cover fixed costs and provide profit. Per unit: price − variable cost per unit.
Accounting, Lesson 10.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.4 (grade 7) · +1 more
Sales minus variable costs: what is left to cover fixed costs and provide profit. Per unit: price − variable cost per unit.
Accounting, Lesson 10.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.4 (grade 7) · +1 more
contributory negligenceEnglish
A strict common-law defense under which a claimant whose own carelessness contributed to the loss in any degree recovers nothing; only a few jurisdictions still use it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
A strict common-law defense under which a claimant whose own carelessness contributed to the loss in any degree recovers nothing; only a few jurisdictions still use it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
contributory negligence (employment)English
The old defense that barred recovery if the injured worker's own carelessness contributed at all — the third leg of the employer's common-law shield.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The old defense that barred recovery if the injured worker's own carelessness contributed at all — the third leg of the employer's common-law shield.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
contributory planEnglish
A group plan whose premium employees share, commonly requiring about 75% participation to blunt adverse selection.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
A group plan whose premium employees share, commonly requiring about 75% participation to blunt adverse selection.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
control stockEnglish
Registered or unregistered stock held by an affiliate — an officer, director or large shareholder who can influence the company — subject to Rule 144 volume limits when sold.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
Registered or unregistered stock held by an affiliate — an officer, director or large shareholder who can influence the company — subject to Rule 144 volume limits when sold.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
conventional loanEnglish
A mortgage loan that is not insured or guaranteed by any government agency; the lender (and any private mortgage insurer) bears the risk.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
A mortgage loan that is not insured or guaranteed by any government agency; the lender (and any private mortgage insurer) bears the risk.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
conversionEnglish
Using money held in trust for the licensee’s own purposes — misappropriation, often a crime as well as grounds for license revocation.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 2.3 (Ages 10–13) · +2 more
Using money held in trust for the licensee’s own purposes — misappropriation, often a crime as well as grounds for license revocation.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 2.3 (Ages 10–13) · +2 more
conversion funnelEnglish
The stages from first awareness to interest, decision and purchase, with fewer people at each stage.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
The stages from first awareness to interest, decision and purchase, with fewer people at each stage.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
conversion parityEnglish
The price at which a convertible and the common shares it converts into are worth exactly the same: conversion ratio times the common’s market price.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
The price at which a convertible and the common shares it converts into are worth exactly the same: conversion ratio times the common’s market price.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
conversion rateEnglish
The share of people offered a product who take the next step (buy, sign up, order).
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.7 (Ages 14+) · Explore Hospitality and Home · Expert, Stop 4.2 (Ages 14+)
The share of people offered a product who take the next step (buy, sign up, order).
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.7 (Ages 14+) · Explore Hospitality and Home · Expert, Stop 4.2 (Ages 14+)
conversion rightEnglish
A departing member’s right, within 31 days, to convert group coverage to an individual permanent policy at attained-age rates without evidence of insurability — with coverage continuing during the 31 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
A departing member’s right, within 31 days, to convert group coverage to an individual permanent policy at attained-age rates without evidence of insurability — with coverage continuing during the 31 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
convertibilityEnglish
The right to exchange a banknote for gold (or silver) at a fixed price.
Economics & the History of Money, Lesson 5.2 (grade 11–12)
The right to exchange a banknote for gold (or silver) at a fixed price.
Economics & the History of Money, Lesson 5.2 (grade 11–12)
convertibleEnglish
Able to be exchanged for gold (or another asset) at a promised fixed rate.
Grade 7 Business & Finance, Lesson 2.3 (grade 7) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Able to be exchanged for gold (or another asset) at a promised fixed rate.
Grade 7 Business & Finance, Lesson 2.3 (grade 7) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
convertible bondEnglish
A corporate bond the holder may exchange for a set number of the issuer’s common shares; the privilege lets the issuer pay a lower coupon.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A corporate bond the holder may exchange for a set number of the issuer’s common shares; the privilege lets the issuer pay a lower coupon.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
convertible preferredEnglish
Preferred stock exchangeable at the holder’s option into a fixed number of common shares; the fixed number is the conversion ratio.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
Preferred stock exchangeable at the holder’s option into a fixed number of common shares; the fixed number is the conversion ratio.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
convoyEnglish
A group of ships sailing together for protection.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 3.2 (grade 9–12) · Geopolitics: The Great Ideas, Lesson 2.5 (grade 9–12) · +2 more
A group of ships sailing together for protection.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 3.2 (grade 9–12) · Geopolitics: The Great Ideas, Lesson 2.5 (grade 9–12) · +2 more
cooling-off periodEnglish
A time after a sale during which the buyer may cancel, such as the FTC’s three-day rule for many sales made at a buyer’s home.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
A time after a sale during which the buyer may cancel, such as the FTC’s three-day rule for many sales made at a buyer’s home.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
cooperativeEnglish
A form of ownership in which a corporation owns the building and residents own shares of stock entitling them to a proprietary lease of their units.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
A form of ownership in which a corporation owns the building and residents own shares of stock entitling them to a proprietary lease of their units.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
copayEnglish
A fixed amount paid for a service, such as $30 for an office visit.
Personal Finance & Investing, Lesson 5.3 (grade 9–12)
A fixed amount paid for a service, such as $30 for an office visit.
Personal Finance & Investing, Lesson 5.3 (grade 9–12)
copaymentEnglish
A flat dollar amount the insured pays for a specific service, such as an office visit or a prescription, regardless of the bill's size.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A flat dollar amount the insured pays for a specific service, such as an office visit or a prescription, regardless of the bill's size.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
core businessEnglish
The main product or activity that a company does best and that earns most of its profit.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
The main product or activity that a company does best and that earns most of its profit.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
core competenceEnglish
A skill or asset a business does especially well and can carry into new products.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12)
A skill or asset a business does especially well and can carry into new products.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12)
Corn LawsEnglish
British laws (in their strictest form from 1815) restricting imports of grain (“corn” in British usage) to keep domestic grain prices high.
Economics & the History of Money, Lesson 10.3 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.4 (grade 7)
British laws (in their strictest form from 1815) restricting imports of grain (“corn” in British usage) to keep domestic grain prices high.
Economics & the History of Money, Lesson 10.3 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.4 (grade 7)
corporate housingEnglish
Furnished apartments or houses rented to companies for employees on relocation, training or temporary assignment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
Furnished apartments or houses rented to companies for employees on relocation, training or temporary assignment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
corporationEnglish
A legal entity separate from its owners, created under state law, that can own property, make contracts, sue and be sued in its own name.
Accounting, Lesson 8.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.4 (grade 9–12)
A legal entity separate from its owners, created under state law, that can own property, make contracts, sue and be sued in its own name.
Accounting, Lesson 8.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.4 (grade 9–12)
correcting entryEnglish
A journal entry made to fix an error that has already been posted, so the ledger shows both the error and its correction.
Accounting, Lesson 2.5 (grade 9–12)
A journal entry made to fix an error that has already been posted, so the ledger shows both the error and its correction.
Accounting, Lesson 2.5 (grade 9–12)
correction lineEnglish
A standard parallel run every 24 miles north and south of the base line to correct for the narrowing of townships caused by the curvature of the earth; guide meridians are run every 24 miles east and west.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
A standard parallel run every 24 miles north and south of the base line to correct for the narrowing of townships caused by the curvature of the earth; guide meridians are run every 24 miles east and west.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
corrective maintenanceEnglish
Repairs made after something breaks, such as fixing a leaking pipe or replacing a broken window.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
Repairs made after something breaks, such as fixing a leaking pipe or replacing a broken window.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
cosignerEnglish
A person who promises to pay another’s debt if he does not; the cosigner is fully responsible.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
A person who promises to pay another’s debt if he does not; the cosigner is fully responsible.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
cosmetology licenseEnglish
A state license required to cut hair for pay.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
A state license required to cut hair for pay.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
COSO frameworkEnglish
The widely used model of internal control from the Committee of Sponsoring Organizations, first published in 1992, with five components: control environment, risk assessment, control activities, information and communication, and monitoring.
Accounting, Lesson 5.3 (grade 9–12)
The widely used model of internal control from the Committee of Sponsoring Organizations, first published in 1992, with five components: control environment, risk assessment, control activities, information and communication, and monitoring.
Accounting, Lesson 5.3 (grade 9–12)
costEnglish
The money you spend to make something.
Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · Grade 3 Business & Finance, Lesson 6.4 (grade 3) · +3 more
The money you spend to make something.
Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · Grade 3 Business & Finance, Lesson 6.4 (grade 3) · +3 more
cost accountingEnglish
Measuring the cost of each step of production so waste can be found and cut.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.4 (grade 7)
Measuring the cost of each step of production so waste can be found and cut.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.4 (grade 7)
cost approachEnglish
An appraisal approach that estimates value as land value plus the depreciated cost of the improvements: land + (cost new − accrued depreciation).
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
An appraisal approach that estimates value as land value plus the depreciated cost of the improvements: land + (cost new − accrued depreciation).
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
cost basisEnglish
The owner’s own money in the contract — premiums paid minus dividends received — which comes back untaxed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The owner’s own money in the contract — premiums paid minus dividends received — which comes back untaxed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
cost of capitalEnglish
What money costs to use — the interest, fees and risk of borrowed funds, or the return given up on your own.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
What money costs to use — the interest, fees and risk of borrowed funds, or the return given up on your own.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
cost of goods soldEnglish
The direct cost of making or buying the goods that were sold: materials and the labor that went straight into them.
Grade 6 Business & Finance, Lesson 7.3 (grade 6)
The direct cost of making or buying the goods that were sold: materials and the labor that went straight into them.
Grade 6 Business & Finance, Lesson 7.3 (grade 6)
cost of goods sold (COGS)English
The cost of the merchandise a business sold during the period (Unit 6).
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.8 (Ages 14+)
The cost of the merchandise a business sold during the period (Unit 6).
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.8 (Ages 14+)
cost per itemEnglish
The total cost of supplies divided by the number of items made.
Grade 2 Business & Finance, Lesson 9.2 (grade 2) · Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · +2 more
The total cost of supplies divided by the number of items made.
Grade 2 Business & Finance, Lesson 9.2 (grade 2) · Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · +2 more
cost per useEnglish
The price of an item divided by the number of times it will be used.
Personal Finance & Investing, Lesson 2.4 (grade 9–12)
The price of an item divided by the number of times it will be used.
Personal Finance & Investing, Lesson 2.4 (grade 9–12)
cost principleEnglish
Assets are recorded at what they cost when acquired, not at an estimate of what they might sell for.
Accounting, Lesson 1.5 (grade 9–12)
Assets are recorded at what they cost when acquired, not at an estimate of what they might sell for.
Accounting, Lesson 1.5 (grade 9–12)
cost segregationEnglish
An engineering-based study that separates a building’s cost into shorter-lived components, such as appliances, carpet and land improvements, so they can be depreciated over shorter recovery periods.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
An engineering-based study that separates a building’s cost into shorter-lived components, such as appliances, carpet and land improvements, so they can be depreciated over shorter recovery periods.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
cost sheetEnglish
A table that lists every ingredient and supply, what it cost, and how much each batch uses.
Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Explore Hospitality and Home · Ranger, Stop 4.3 (Ages 10–13) · +1 more
A table that lists every ingredient and supply, what it cost, and how much each batch uses.
Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Explore Hospitality and Home · Ranger, Stop 4.3 (Ages 10–13) · +1 more
cost structureEnglish
The main costs a business must pay to operate, both fixed and variable.
Grade 8 Business & Finance, Lesson 6.1 (grade 8)
The main costs a business must pay to operate, both fixed and variable.
Grade 8 Business & Finance, Lesson 6.1 (grade 8)
cost-plus pricingEnglish
Setting price by adding a fixed markup to cost.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.4 (Ages 14+)
Setting price by adding a fixed markup to cost.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.4 (Ages 14+)
cottage industryEnglish
Work done by families in their own homes with simple tools, such as spinning and weaving before the factories.
Grade 6 Business & Finance, Lesson 1.2 (grade 6)
Work done by families in their own homes with simple tools, such as spinning and weaving before the factories.
Grade 6 Business & Finance, Lesson 1.2 (grade 6)
count onEnglish
To start with the biggest value and add the smaller ones, one at a time.
Grade 2 Business & Finance, Lesson 7.1 (grade 2)
To start with the biggest value and add the smaller ones, one at a time.
Grade 2 Business & Finance, Lesson 7.1 (grade 2)
count the costEnglish
To figure out before you start whether you have enough money and time to finish.
Grade 2 Business & Finance, Lesson 9.1 (grade 2)
To figure out before you start whether you have enough money and time to finish.
Grade 2 Business & Finance, Lesson 9.1 (grade 2)
counter-cyclical industryEnglish
An industry that tends to do better when the economy does worse, such as discount retailers and repair services.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
An industry that tends to do better when the economy does worse, such as discount retailers and repair services.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
counterfeitEnglish
A fake copy of money. Making counterfeit money is a crime.
Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Grade 7 Business & Finance, Lesson 6.4 (grade 7)
A fake copy of money. Making counterfeit money is a crime.
Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Grade 7 Business & Finance, Lesson 6.4 (grade 7)
counterofferEnglish
The insurer’s response when it issues a policy on different terms than applied for — a new offer the applicant accepts by paying the premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The insurer’s response when it issues a policy on different terms than applied for — a new offer the applicant accepts by paying the premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
counter-offerEnglish
A response to a seller’s price or terms proposing different ones.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
A response to a seller’s price or terms proposing different ones.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
counting upEnglish
Starting at the price and counting coins until you reach the amount paid.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Pre-Algebra, Lesson 4.2 (grade 6–8)
Starting at the price and counting coins until you reach the amount paid.
Grade 1 Business & Finance, Lesson 7.2 (grade 1) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Pre-Algebra, Lesson 4.2 (grade 6–8)
country profileEnglish
A one-page summary of a nation’s key economic figures, each with its source and year.
Economics & the History of Money, Lesson 11.8 (grade 11–12)
A one-page summary of a nation’s key economic figures, each with its source and year.
Economics & the History of Money, Lesson 11.8 (grade 11–12)
couponEnglish
The fixed yearly interest a bond pays, often stated as a percent of its face value.
Grade 8 Business & Finance, Lesson 8.3 (grade 8)
The fixed yearly interest a bond pays, often stated as a percent of its face value.
Grade 8 Business & Finance, Lesson 8.3 (grade 8)
coupon rateEnglish
The yearly interest rate the bond pays on its face value. Yearly interest = face value × coupon rate.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Personal Finance & Investing, Lesson 7.3 (grade 9–12)
The yearly interest rate the bond pays on its face value. Yearly interest = face value × coupon rate.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Personal Finance & Investing, Lesson 7.3 (grade 9–12)
coupon rate (nominal yield)English
The fixed annual interest stated on the bond, as a percent of par — an 8% coupon pays $80 a year, usually in two $40 installments.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
The fixed annual interest stated on the bond, as a percent of par — an 8% coupon pays $80 a year, usually in two $40 installments.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
courseEnglish
The direction of a boundary line, stated as a bearing measured from north or south toward east or west — for example, N 45° E.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 10.2 (grade 9–12) · Grade 6 Cooking & Food, Lesson 8.4 (grade 6) · +3 more
The direction of a boundary line, stated as a bearing measured from north or south toward east or west — for example, N 45° E.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 10.2 (grade 9–12) · Grade 6 Cooking & Food, Lesson 8.4 (grade 6) · +3 more
courtEnglish
A place where a judge settles disagreements fairly according to the law.
Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 4 Composition & Creative Writing: The Fable Grown Up, and Narrative, Lesson 9.1 (grade 4) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 9.2 (grade 5)
A place where a judge settles disagreements fairly according to the law.
Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 4 Composition & Creative Writing: The Fable Grown Up, and Narrative, Lesson 9.1 (grade 4) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 9.2 (grade 5)
covenant of quiet enjoymentEnglish
The landlord’s promise that the tenant’s possession will not be disturbed by the landlord or anyone claiming a superior right to the property.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
The landlord’s promise that the tenant’s possession will not be disturbed by the landlord or anyone claiming a superior right to the property.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
covenants, conditions and restrictions (CC&Rs)English
A recorded declaration by a developer imposing uniform private restrictions on every lot in a subdivision or condominium.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
A recorded declaration by a developer imposing uniform private restrictions on every lot in a subdivision or condominium.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Coverage A — DwellingEnglish
Covers the residence and structures attached to it, plus materials and supplies on site for its construction or repair.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Covers the residence and structures attached to it, plus materials and supplies on site for its construction or repair.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Coverage B — Other StructuresEnglish
Covers detached structures such as a garage, shed or fence, with a limit commonly 10% of Coverage A as additional insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Covers detached structures such as a garage, shed or fence, with a limit commonly 10% of Coverage A as additional insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Coverage C — Personal PropertyEnglish
Covers the insured's belongings anywhere in the world, with a limit commonly 50% of Coverage A and special sublimits on certain classes of property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Covers the insured's belongings anywhere in the world, with a limit commonly 50% of Coverage A and special sublimits on certain classes of property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Coverage D — Loss of UseEnglish
Pays additional living expenses and fair rental value when a covered loss makes the home unfit to live in; commonly 30% of Coverage A on an HO-3.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Pays additional living expenses and fair rental value when a covered loss makes the home unfit to live in; commonly 30% of Coverage A on an HO-3.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Coverage E — Personal LiabilityEnglish
Pays sums an insured is legally obligated to pay for bodily injury or property damage to others, commonly starting at $100,000, and defends the insured in addition to the limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
Pays sums an insured is legally obligated to pay for bodily injury or property damage to others, commonly starting at $100,000, and defends the insured in addition to the limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
Coverage F — Medical Payments to OthersEnglish
Pays small medical bills — commonly $1,000 to $5,000 — for non-residents injured on the premises or by the insured's activities or animals, without regard to fault.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
Pays small medical bills — commonly $1,000 to $5,000 — for non-residents injured on the premises or by the insured's activities or animals, without regard to fault.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
coverage partEnglish
A self-contained module of a CPP — its own declarations and forms — snapped onto the policy's common declarations and conditions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A self-contained module of a CPP — its own declarations and forms — snapped onto the policy's common declarations and conditions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
Coverdell ESAEnglish
An education savings account limited to a small annual contribution per child ($2,000) with income limits on contributors; tax-free for qualified education costs.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
An education savings account limited to a small annual contribution per child ($2,000) with income limits on contributors; tax-free for qualified education costs.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
covered auto symbolsEnglish
Numbered designations that define which vehicles a coverage applies to — commonly symbol 1 for any auto, 2 for owned autos, 7 for specifically described autos, 8 for hired autos and 9 for non-owned autos.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
Numbered designations that define which vehicles a coverage applies to — commonly symbol 1 for any auto, 2 for owned autos, 7 for specifically described autos, 8 for hired autos and 9 for non-owned autos.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
covered callEnglish
Writing a call while owning the underlying shares — a conservative income strategy whose risk is only lost upside above the strike.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Writing a call while owning the underlying shares — a conservative income strategy whose risk is only lost upside above the strike.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
covered multifamily dwellingEnglish
For first occupancy after March 13, 1991: every unit in a building of four or more units with an elevator, and the ground-floor units in a building of four or more units without one.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
For first occupancy after March 13, 1991: every unit in a building of four or more units with an elevator, and the ground-floor units in a building of four or more units without one.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
cowrie shellEnglish
A small, shiny sea shell that was used as money in China, India and Africa.
Grade 1 Business & Finance, Lesson 2.2 (grade 1)
A small, shiny sea shell that was used as money in China, India and Africa.
Grade 1 Business & Finance, Lesson 2.2 (grade 1)
CPAEnglish
Certified Public Accountant: an accountant licensed by a state after education, experience and a demanding examination, permitted to sign audit opinions for the public.
Accounting, Lesson 5.5 (grade 9–12)
Certified Public Accountant: an accountant licensed by a state after education, experience and a demanding examination, permitted to sign audit opinions for the public.
Accounting, Lesson 5.5 (grade 9–12)
CPCUEnglish
Chartered Property Casualty Underwriter — the property & casualty profession's senior designation, first awarded in 1943 and now conferred through The Institutes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
Chartered Property Casualty Underwriter — the property & casualty profession's senior designation, first awarded in 1943 and now conferred through The Institutes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
creation unitEnglish
The large block of ETF shares — often 50,000 — that institutions create or redeem in kind with the fund, the mechanism that anchors market price to NAV.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
The large block of ETF shares — often 50,000 — that institutions create or redeem in kind with the fund, the mechanism that anchors market price to NAV.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
creative destructionEnglish
Joseph Schumpeter’s term (1942) for the process by which new products and firms replace old ones.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
Joseph Schumpeter’s term (1942) for the process by which new products and firms replace old ones.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
creditEnglish
An entry on the right side of an account. From Latin credere, “to trust” or “believe”: a creditor trusted the merchant. Credits increase liabilities, capital and revenue.
Accounting, Lesson 2.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · +3 more
An entry on the right side of an account. From Latin credere, “to trust” or “believe”: a creditor trusted the merchant. Credits increase liabilities, capital and revenue.
Accounting, Lesson 2.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · +3 more
credit bureauEnglish
A company that collects and sells credit information; the three national bureaus in the U.S. are Equifax, Experian and TransUnion.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
A company that collects and sells credit information; the three national bureaus in the U.S. are Equifax, Experian and TransUnion.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
credit cardEnglish
A card that lets a person borrow to buy things now and pay later; unpaid balances are charged interest, often at a high rate.
Grade 5 Business & Finance, Lesson 8.4 (grade 5) · Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 3.4 (grade 9–12)
A card that lets a person borrow to buy things now and pay later; unpaid balances are charged interest, often at a high rate.
Grade 5 Business & Finance, Lesson 8.4 (grade 5) · Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 3.4 (grade 9–12)
credit freezeEnglish
A free request to the credit bureaus to block new credit from being opened in your name.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
A free request to the credit bureaus to block new credit from being opened in your name.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
credit historyEnglish
A record of a person’s borrowing and whether he repaid on time, used by lenders to decide whether to lend.
Grade 7 Business & Finance, Lesson 8.4 (grade 7)
A record of a person’s borrowing and whether he repaid on time, used by lenders to decide whether to lend.
Grade 7 Business & Finance, Lesson 8.4 (grade 7)
credit life insuranceEnglish
Decreasing term on a borrower’s life, payable to the creditor, never for more than the outstanding debt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Decreasing term on a borrower’s life, payable to the creditor, never for more than the outstanding debt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
credit limitEnglish
The maximum balance the issuer allows on a card.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
The maximum balance the issuer allows on a card.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
credit lossEnglish
Rent owed but never collected because a tenant does not pay; also called collection loss or bad debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
Rent owed but never collected because a tenant does not pay; also called collection loss or bad debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
credit memo / collectionEnglish
An amount the bank added to the account, such as a note or interest it collected for the company. Added to the book balance.
Accounting, Lesson 5.1 (grade 9–12)
An amount the bank added to the account, such as a note or interest it collected for the company. Added to the book balance.
Accounting, Lesson 5.1 (grade 9–12)
credit reportEnglish
A record of how a person or business has borrowed and repaid, used by lenders and suppliers to judge trustworthiness.
Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Personal Finance & Investing, Lesson 4.3 (grade 9–12)
A record of how a person or business has borrowed and repaid, used by lenders and suppliers to judge trustworthiness.
Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Personal Finance & Investing, Lesson 4.3 (grade 9–12)
credit riskEnglish
The risk that a borrower will fail to pay interest or principal.
Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12)
The risk that a borrower will fail to pay interest or principal.
Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12)
credit scoreEnglish
A number calculated from a credit report that predicts how likely a borrower is to repay; common scores range from 300 to 850.
Personal Finance & Investing, Lesson 4.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
A number calculated from a credit report that predicts how likely a borrower is to repay; common scores range from 300 to 850.
Personal Finance & Investing, Lesson 4.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
credit spreadEnglish
The extra yield a riskier bond pays over a Treasury of the same maturity; spreads widen when investors grow fearful.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
The extra yield a riskier bond pays over a Treasury of the same maturity; spreads widen when investors grow fearful.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
credit termsEnglish
The conditions of a credit sale. “2/10, n/30” means a 2% discount if paid within 10 days; otherwise the full amount is due in 30 days.
Accounting, Lesson 6.1 (grade 9–12)
The conditions of a credit sale. “2/10, n/30” means a 2% discount if paid within 10 days; otherwise the full amount is due in 30 days.
Accounting, Lesson 6.1 (grade 9–12)
credit unionEnglish
A not-for-profit financial cooperative owned by its members, who share a common bond such as an employer, church or town.
Personal Finance & Investing, Lesson 3.1 (grade 9–12)
A not-for-profit financial cooperative owned by its members, who share a common bond such as an employer, church or town.
Personal Finance & Investing, Lesson 3.1 (grade 9–12)
credit utilizationEnglish
The share of available open-end credit in use: total card balances ÷ total card limits.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
The share of available open-end credit in use: total card balances ÷ total card limits.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
creditorEnglish
A person or business to whom money is owed.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
A person or business to whom money is owed.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
creditor interestEnglish
A creditor’s insurable interest in a debtor’s life, limited to roughly the amount of the outstanding debt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
A creditor’s insurable interest in a debtor’s life, limited to roughly the amount of the outstanding debt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
credoEnglish
A statement of beliefs; for a company, its responsibilities in order of priority.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
A statement of beliefs; for a company, its responsibilities in order of priority.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
criminal penalties (USA)English
Willful violations are punishable by a fine of up to $5,000 and/or imprisonment up to 3 years under the 1956 act’s convention — imposed by courts, never by the Administrator.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
Willful violations are punishable by a fine of up to $5,000 and/or imprisonment up to 3 years under the 1956 act’s convention — imposed by courts, never by the Administrator.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
criterionEnglish
A standard used to judge options (need, fit, cost, safety, values).
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
A standard used to judge options (need, fit, cost, safety, values).
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
critical pathEnglish
The longest chain of tasks that must happen one after another; any delay on it delays the whole project.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 10.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.5 (grade 9–12) · +3 more
The longest chain of tasks that must happen one after another; any delay on it delays the whole project.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 10.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.5 (grade 9–12) · +3 more
cross-default riskEnglish
The danger that trouble on one property drains the cash needed to keep others current, spreading a single problem through a portfolio.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
The danger that trouble on one property drains the cash needed to keep others current, spreading a single problem through a portfolio.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
cross-referencingEnglish
Writing the journal page (for example J1) in the ledger’s PR column and the account number in the journal’s PR column, so every amount can be traced both ways.
Accounting, Lesson 2.3 (grade 9–12)
Writing the journal page (for example J1) in the ledger’s PR column and the account number in the journal’s PR column, so every amount can be traced both ways.
Accounting, Lesson 2.3 (grade 9–12)
cross-servingEnglish
Offering an existing client coverage for another need he actually has — the auto client who also owns an uninsured rental, for example — as distinguished from selling for the sale's sake.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
Offering an existing client coverage for another need he actually has — the auto client who also owns an uninsured rental, for example — as distinguished from selling for the sale's sake.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
crowdfundingEnglish
Raising money from many people, each giving or investing a small amount.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
Raising money from many people, each giving or investing a small amount.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
cubic yardEnglish
A unit of volume equal to 27 cubic feet (3 ft × 3 ft × 3 ft), used to order concrete, gravel and fill.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Geometry, Lesson 12.4 (grade 9–10)
A unit of volume equal to 27 cubic feet (3 ft × 3 ft × 3 ft), used to order concrete, gravel and fill.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Geometry, Lesson 12.4 (grade 9–10)
cumulative preferredEnglish
Preferred stock whose missed dividends (dividends in arrears) must be paid before any common dividend.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
Preferred stock whose missed dividends (dividends in arrears) must be paid before any common dividend.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
cumulative votingEnglish
A voting method in which total votes equal shares times seats and may be concentrated on one candidate; it favors the small shareholder.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
A voting method in which total votes equal shares times seats and may be concentrated on one candidate; it favors the small shareholder.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
cure-or-quit noticeEnglish
A written notice requiring a tenant to fix a lease violation other than nonpayment, or leave, within the time state law allows.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A written notice requiring a tenant to fix a lease violation other than nonpayment, or leave, within the time state law allows.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
currency (exchange-rate) riskEnglish
The risk that changes in exchange rates reduce the dollar value of a foreign investment, even one that performs well in its own currency.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk that changes in exchange rates reduce the dollar value of a foreign investment, even one that performs well in its own currency.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
currency reformEnglish
Replacing a failed currency with a new one, often with new rules to limit its issue.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Economics & the History of Money, Lesson 9.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
Replacing a failed currency with a new one, often with new rules to limit its issue.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Economics & the History of Money, Lesson 9.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
Currency Transaction Report (CTR)English
The report filed for cash transactions over \$10{,}000 in a day — and deliberately splitting deposits to dodge it is the crime of structuring.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
The report filed for cash transactions over \$10{,}000 in a day — and deliberately splitting deposits to dodge it is the crime of structuring.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
current accountEnglish
Trade in goods and services, plus primary income (wages, interest and dividends) and secondary income (transfers such as gifts and aid).
Economics & the History of Money, Lesson 11.4 (grade 11–12)
Trade in goods and services, plus primary income (wages, interest and dividends) and secondary income (transfers such as gifts and aid).
Economics & the History of Money, Lesson 11.4 (grade 11–12)
current assetsEnglish
Cash and assets expected to become cash or be used up within one year (or the operating cycle): receivables, inventory, prepaid expenses, supplies.
Accounting, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.3 (grade 7)
Cash and assets expected to become cash or be used up within one year (or the operating cycle): receivables, inventory, prepaid expenses, supplies.
Accounting, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.3 (grade 7)
current liabilitiesEnglish
Debts due within one year: accounts payable, wages and interest payable, unearned revenue, and the current portion of long-term debt.
Accounting, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.3 (grade 7)
Debts due within one year: accounts payable, wages and interest payable, unearned revenue, and the current portion of long-term debt.
Accounting, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 7.3 (grade 7)
current portion of long-term debtEnglish
The principal of a long-term loan due within the next year; shown as a current liability.
Accounting, Lesson 7.3 (grade 9–12)
The principal of a long-term loan due within the next year; shown as a current liability.
Accounting, Lesson 7.3 (grade 9–12)
current ratioEnglish
Current assets ÷ current liabilities; a measure of whether a business can pay its bills soon.
Grade 7 Business & Finance, Lesson 7.3 (grade 7) · Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Current assets ÷ current liabilities; a measure of whether a business can pay its bills soon.
Grade 7 Business & Finance, Lesson 7.3 (grade 7) · Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
current yieldEnglish
A bond’s yearly interest as a percent of the price you pay for it: yearly interest ÷ price × 100.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
A bond’s yearly interest as a percent of the price you pay for it: yearly interest ÷ price × 100.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
custodial careEnglish
Non-medical help with daily living tasks, given by people without medical training — the most common long-term care, and the kind Medicare does not pay for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Non-medical help with daily living tasks, given by people without medical training — the most common long-term care, and the kind Medicare does not pay for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
custodianEnglish
An independent firm that holds investors’ assets, so the adviser cannot simply take them.
Personal Finance & Investing, Lesson 8.4 (grade 9–12)
An independent firm that holds investors’ assets, so the adviser cannot simply take them.
Personal Finance & Investing, Lesson 8.4 (grade 9–12)
custodyEnglish
Holding client funds or securities, or having any authority to obtain them — including withdrawal authority, acting as trustee, a general power of attorney, or deducting fees from the account.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
Holding client funds or securities, or having any authority to obtain them — including withdrawal authority, acting as trustee, a general power of attorney, or deducting fees from the account.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
customerEnglish
A person who buys from a seller.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 2 Business & Finance, Lesson 6.1 (grade 2) · +3 more
A person who buys from a seller.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 2 Business & Finance, Lesson 6.1 (grade 2) · +3 more
customer acquisition cost (CAC)English
Marketing and sales spending divided by the number of new customers gained.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
Marketing and sales spending divided by the number of new customers gained.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
customer feedbackEnglish
What customers tell you, directly or by what they buy, about your product, price and service.
Grade 8 Business & Finance, Lesson 9.3 (grade 8)
What customers tell you, directly or by what they buy, about your product, price and service.
Grade 8 Business & Finance, Lesson 9.3 (grade 8)
customer interviewEnglish
A one-to-one conversation to learn about a person’s problems, habits and spending.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12)
A one-to-one conversation to learn about a person’s problems, habits and spending.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12)
customer lifetime valueEnglish
The total profit a business can expect from one customer over all the years he keeps buying.
Grade 7 Business & Finance, Lesson 6.4 (grade 7)
The total profit a business can expect from one customer over all the years he keeps buying.
Grade 7 Business & Finance, Lesson 6.4 (grade 7)
customer prepaymentEnglish
Money paid by a customer before the product is delivered, such as a deposit or subscription.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12)
Money paid by a customer before the product is delivered, such as a deposit or subscription.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12)
customer segmentEnglish
A group of customers with similar needs, situations and willingness to pay.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
A group of customers with similar needs, situations and willingness to pay.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
customer serviceEnglish
Everything a business does to help customers before, during and after a purchase.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · +3 more
Everything a business does to help customers before, during and after a purchase.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · +3 more
customer (third party)English
A party to the transaction who is not represented by the agent and is owed honesty, fair dealing and disclosure of known material defects, but not fiduciary loyalty.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
A party to the transaction who is not represented by the agent and is owed honesty, fair dealing and disclosure of known material defects, but not fiduciary loyalty.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
cut scoreEnglish
The minimum score needed to pass, set by the state or recommended by the testing company; commonly 70%, and 75% in Oregon.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
The minimum score needed to pass, set by the state or recommended by the testing company; commonly 70%, and 75% in Oregon.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
cyber liability insuranceEnglish
Coverage for computer-related losses — first-party costs such as data restoration and customer notification after a breach, and third-party liability to people whose data was exposed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Coverage for computer-related losses — first-party costs such as data restoration and customer notification after a breach, and third-party liability to people whose data was exposed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
cycle timeEnglish
The time between finished units coming off a process; set by the slowest step.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 6.5 (grade 9–12)
The time between finished units coming off a process; set by the slowest step.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 6.5 (grade 9–12)
cyclical industryEnglish
An industry whose sales rise and fall strongly with the cycle, such as automobiles, homebuilding, steel and luxury goods.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
An industry whose sales rise and fall strongly with the cycle, such as automobiles, homebuilding, steel and luxury goods.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
D
dashboardEnglish
A one-page display of a business’s key indicators, updated regularly.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12)
A one-page display of a business’s key indicators, updated regularly.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12)
datumEnglish
A point, line or surface — such as mean sea level — from which elevations and depths are measured.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 2.3 (grade 9–12)
A point, line or surface — such as mean sea level — from which elevations and depths are measured.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 2.3 (grade 9–12)
days on market (DOM)English
How long a rental listing stays available before leasing; long DOM suggests the asking rent is too high or demand is weak.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
How long a rental listing stays available before leasing; long DOM suggests the asking rent is too high or demand is weak.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
de minimis exemptionEnglish
An adviser with no place of business in a state need not register there if it has had no more than five non-institutional clients in the state in the past twelve months.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
An adviser with no place of business in a state need not register there if it has had no more than five non-institutional clients in the state in the past twelve months.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
deadweight lossEnglish
The value of trades that would benefit both buyers and sellers but do not happen because the price is above marginal cost.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Economics & the History of Money, Lesson 7.5 (grade 11–12)
The value of trades that would benefit both buyers and sellers but do not happen because the price is above marginal cost.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Economics & the History of Money, Lesson 7.5 (grade 11–12)
deadweight loss of a taxEnglish
The value of trades that no longer happen because a tax drives a wedge between what buyers pay and what sellers receive.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
The value of trades that no longer happen because a tax drives a wedge between what buyers pay and what sellers receive.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
deal binderEnglish
The investor’s record of every analyzed property: listing, comps, printed worksheet and written verdict.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
The investor’s record of every analyzed property: listing, comps, printed worksheet and written verdict.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
deal funnelEnglish
The ratio of properties analyzed to offers made to deals closed; for example, 100 analyses to 10 offers to 1 purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
The ratio of properties analyzed to offers made to deals closed; for example, 100 analyses to 10 offers to 1 purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
deal pipelineEnglish
The organized flow of properties from first look through analysis, offer and decision; in this course, the deal binder.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
The organized flow of properties from first look through analysis, offer and decision; in this course, the deal binder.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
dealer propertyEnglish
For tax purposes, real estate held primarily for sale to customers, like a builder’s or flipper’s inventory, whose profit is generally taxed as ordinary income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
For tax purposes, real estate held primarily for sale to customers, like a builder’s or flipper’s inventory, whose profit is generally taxed as ordinary income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
death benefit (face amount)English
The sum the insurer promises to pay the beneficiary at the insured’s death, stated on the face page of the policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
The sum the insurer promises to pay the beneficiary at the insured’s death, stated on the face page of the policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
debaseEnglish
To make coins with less gold or silver than they are supposed to have, cheating everyone who uses them.
Grade 3 Business & Finance, Lesson 5.4 (grade 3)
To make coins with less gold or silver than they are supposed to have, cheating everyone who uses them.
Grade 3 Business & Finance, Lesson 5.4 (grade 3)
debasementEnglish
Reducing the precious-metal content of coins while keeping their face value.
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
Reducing the precious-metal content of coins while keeping their face value.
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
debentureEnglish
An unsecured corporate bond backed only by the issuer’s general credit and promise to pay.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
An unsecured corporate bond backed only by the issuer’s general credit and promise to pay.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
debitEnglish
An entry on the left side of an account. From Latin debere, “to owe”: in a merchant’s ledger, a customer’s account was debited for what he owed. Debits increase assets, expenses and drawing.
Accounting, Lesson 2.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7) · +2 more
An entry on the left side of an account. From Latin debere, “to owe”: in a merchant’s ledger, a customer’s account was debited for what he owed. Debits increase assets, expenses and drawing.
Accounting, Lesson 2.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7) · +2 more
debit / creditEnglish
The two sides of every entry. For a young bookkeeper: one account receives (debit) and another gives (credit).
Grade 5 Business & Finance, Lesson 7.1 (grade 5)
The two sides of every entry. For a young bookkeeper: one account receives (debit) and another gives (credit).
Grade 5 Business & Finance, Lesson 7.1 (grade 5)
debit cardEnglish
A card that takes money straight out of your own bank account; you are spending money you already have.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 3.4 (grade 9–12)
A card that takes money straight out of your own bank account; you are spending money you already have.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Personal Finance & Investing, Lesson 3.4 (grade 9–12)
debit (Dr) and credit (Cr)English
The left side and the right side of an account. Every entry has equal debits and credits. Which side means increase depends on the kind of account (Lesson 2.1).
Accounting, Lesson 1.3 (grade 9–12)
The left side and the right side of an account. Every entry has equal debits and credits. Which side means increase depends on the kind of account (Lesson 2.1).
Accounting, Lesson 1.3 (grade 9–12)
debtEnglish
Money a person owes and must pay back.
Grade 1 Business & Finance, Lesson 3.2 (grade 1) · Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · +1 more
Money a person owes and must pay back.
Grade 1 Business & Finance, Lesson 3.2 (grade 1) · Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · +1 more
debt avalancheEnglish
Paying minimums on all debts and putting every extra dollar on the highest interest rate first.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
Paying minimums on all debts and putting every extra dollar on the highest interest rate first.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
debt financingEnglish
Borrowing money that must be repaid with interest, whether or not the business succeeds.
Grade 8 Business & Finance, Lesson 6.2 (grade 8)
Borrowing money that must be repaid with interest, whether or not the business succeeds.
Grade 8 Business & Finance, Lesson 6.2 (grade 8)
debt held by the publicEnglish
Federal debt owned by people, firms, banks, states and foreign holders outside the federal government.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
Federal debt owned by people, firms, banks, states and foreign holders outside the federal government.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
debt (loan)English
Borrowed money that must be repaid, with interest, whether the business succeeds or not.
Grade 7 Business & Finance, Lesson 6.2 (grade 7)
Borrowed money that must be repaid, with interest, whether the business succeeds or not.
Grade 7 Business & Finance, Lesson 6.2 (grade 7)
debt paydownEnglish
Using cash flow or savings to reduce loan balances, lowering risk and raising cash flow over time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
Using cash flow or savings to reduce loan balances, lowering risk and raising cash flow over time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
debt ratioEnglish
Total liabilities ÷ total assets: the share of assets financed by creditors.
Accounting, Lesson 9.1 (grade 9–12)
Total liabilities ÷ total assets: the share of assets financed by creditors.
Accounting, Lesson 9.1 (grade 9–12)
debt serviceEnglish
The total yearly mortgage payments of principal and interest (plus mortgage insurance, in the Deal Analyzer).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12)
The total yearly mortgage payments of principal and interest (plus mortgage insurance, in the Deal Analyzer).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12)
debt service coverage ratio (DSCR)English
NOI divided by annual debt service; how many times the property’s income covers its loan payments.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
NOI divided by annual debt service; how many times the property’s income covers its loan payments.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
debt snowballEnglish
Paying minimums on all debts and putting every extra dollar on the smallest balance first, then rolling that payment to the next smallest.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
Paying minimums on all debts and putting every extra dollar on the smallest balance first, then rolling that payment to the next smallest.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
debt-to-equity ratioEnglish
Total liabilities ÷ owner’s equity; a measure of how much of the business is paid for with borrowed money.
Grade 7 Business & Finance, Lesson 7.3 (grade 7) · Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Total liabilities ÷ owner’s equity; a measure of how much of the business is paid for with borrowed money.
Grade 7 Business & Finance, Lesson 7.3 (grade 7) · Grade 8 Business & Finance, Lesson 7.2 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
debt-to-GDP ratioEnglish
A government’s debt divided by the nation’s yearly output (GDP), the usual yardstick of how heavy a debt is.
Economics & the History of Money, Lesson 11.1 (grade 11–12) · Economics & the History of Money, Lesson 11.8 (grade 11–12)
A government’s debt divided by the nation’s yearly output (GDP), the usual yardstick of how heavy a debt is.
Economics & the History of Money, Lesson 11.1 (grade 11–12) · Economics & the History of Money, Lesson 11.8 (grade 11–12)
debt-to-income ratioEnglish
Monthly debt payments divided by monthly gross income.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
Monthly debt payments divided by monthly gross income.
Personal Finance & Investing, Lesson 4.5 (grade 9–12)
debt-to-income ratio (DTI)English
The monthly housing payment plus all other recurring monthly debt payments, divided by gross monthly income; also called the back-end ratio.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
The monthly housing payment plus all other recurring monthly debt payments, divided by gross monthly income; also called the back-end ratio.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
decentralized managementEnglish
Giving divisions or local managers authority to run their own operations, while the head office sets goals and checks results.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
Giving divisions or local managers authority to run their own operations, while the head office sets goals and checks results.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
deceptive advertisingEnglish
An ad that is likely to mislead a reasonable customer about something important, by a false statement or by leaving out a key fact.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.3 (grade 5) · Grade 6 Business & Finance, Lesson 6.3 (grade 6)
An ad that is likely to mislead a reasonable customer about something important, by a false statement or by leaving out a key fact.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.3 (grade 5) · Grade 6 Business & Finance, Lesson 6.3 (grade 6)
decimalEnglish
Counting by tens: 10 pennies make a dime, and 10 dimes make a dollar.
Grade 2 Business & Finance, Lesson 7.1 (grade 2) · Pre-Algebra, Lesson 4.1 (grade 6–8)
Counting by tens: 10 pennies make a dime, and 10 dimes make a dollar.
Grade 2 Business & Finance, Lesson 7.1 (grade 2) · Pre-Algebra, Lesson 4.1 (grade 6–8)
decision matrixEnglish
A table that scores options against weighted criteria to support a choice.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.1 (grade 9–12) · +3 more
A table that scores options against weighted criteria to support a choice.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.1 (grade 9–12) · +3 more
decision memoEnglish
A short written recommendation that states the choice, the numbers that support it, the risks and the backup plan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
A short written recommendation that states the choice, the numbers that support it, the risks and the backup plan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
declarationEnglish
The recorded document (sometimes called the master deed) that creates a condominium, describes the units and common elements and sets each unit’s percentage interest.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
The recorded document (sometimes called the master deed) that creates a condominium, describes the units and common elements and sets each unit’s percentage interest.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
declaration, record and payment datesEnglish
The date the board declares the dividend (a liability is created), the date that determines who receives it, and the date it is paid.
Accounting, Lesson 8.4 (grade 9–12)
The date the board declares the dividend (a liability is created), the date that determines who receives it, and the date it is paid.
Accounting, Lesson 8.4 (grade 9–12)
decreasing termEnglish
Term insurance whose face amount declines over the period while the premium stays level — the classic match for a shrinking mortgage balance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Term insurance whose face amount declines over the period while the premium stays level — the classic match for a shrinking mortgage balance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
deductibleEnglish
The part of a loss the insured person pays before the insurance pays the rest.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · +3 more
The part of a loss the insured person pays before the insurance pays the rest.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · +3 more
deductible expenseEnglish
A business cost that may be subtracted from income in figuring taxable profit.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
A business cost that may be subtracted from income in figuring taxable profit.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
deedEnglish
A written instrument by which an owner (grantor) conveys an interest in real property to another (grantee).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 3.1 (grade 7)
A written instrument by which an owner (grantor) conveys an interest in real property to another (grantee).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 3.1 (grade 7)
deed in lieu of foreclosureEnglish
A voluntary deed from the defaulting borrower to the lender, accepted in place of foreclosure; the lender takes title subject to any junior liens.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
A voluntary deed from the defaulting borrower to the lender, accepted in place of foreclosure; the lender takes title subject to any junior liens.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
deed of reconveyanceEnglish
The instrument by which the trustee returns title to the trustor once the loan secured by a deed of trust is paid in full.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
The instrument by which the trustee returns title to the trustor once the loan secured by a deed of trust is paid in full.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
deed of trust (or mortgage)English
The recorded document that pledges the property as security for the note and lets the lender foreclose after a default.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
The recorded document that pledges the property as security for the note and lets the lender foreclose after a default.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
deed of trust (trustor, trustee, beneficiary)English
A three-party security instrument in which the borrower (trustor) conveys bare legal title to a neutral trustee, who holds it for the lender (beneficiary) until the debt is paid.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A three-party security instrument in which the borrower (trustor) conveys bare legal title to a neutral trustee, who holds it for the lender (beneficiary) until the debt is paid.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
deed restrictionEnglish
A private limitation on the use of land placed in a deed by a grantor, binding the grantee and usually later owners.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
A private limitation on the use of land placed in a deed by a grantor, binding the grantee and usually later owners.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
defamationEnglish
Making or circulating false, maliciously critical or derogatory statements about the financial condition of an insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Making or circulating false, maliciously critical or derogatory statements about the financial condition of an insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
defaultEnglish
Failing to repay a loan.
Grade 5 Business & Finance, Lesson 4.2 (grade 5) · Grade 6 Business & Finance, Lesson 2.2 (grade 6)
Failing to repay a loan.
Grade 5 Business & Finance, Lesson 4.2 (grade 5) · Grade 6 Business & Finance, Lesson 2.2 (grade 6)
default riskEnglish
The risk that a borrower — including a government — fails to pay interest or principal as promised.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
The risk that a borrower — including a government — fails to pay interest or principal as promised.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
defeasance clauseEnglish
A clause that defeats the lender’s interest when the debt is paid, requiring the lender to release the lien by a satisfaction or reconveyance.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A clause that defeats the lender’s interest when the debt is paid, requiring the lender to release the lien by a satisfaction or reconveyance.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
defect rateEnglish
The share of units that fail to meet the standard.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.5 (Ages 14+)
The share of units that fail to meet the standard.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.5 (Ages 14+)
defense in addition to limitsEnglish
The insurer's promise to hire and pay lawyers to defend covered claims, with those costs not reducing the liability limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
The insurer's promise to hire and pay lawyers to defend covered claims, with those costs not reducing the liability limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
defensive industryEnglish
An industry whose sales hold steady through downturns because people buy its products regardless, such as food, utilities and medicine.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
An industry whose sales hold steady through downturns because people buy its products regardless, such as food, utilities and medicine.
Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
deferred annuityEnglish
An annuity whose payout begins at a future date, funded by a single premium or flexible periodic premiums, growing tax-deferred until annuitization.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
An annuity whose payout begins at a future date, funded by a single premium or flexible periodic premiums, growing tax-deferred until annuitization.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
deferred exchangeEnglish
An exchange in which the replacement property is received after the relinquished property is transferred, subject to the identification and receipt deadlines.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
An exchange in which the replacement property is received after the relinquished property is transferred, subject to the identification and receipt deadlines.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
deferred gainEnglish
Realized gain that is not recognized in an exchange; it is carried into the replacement property by reducing its basis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
Realized gain that is not recognized in an exchange; it is carried into the replacement property by reducing its basis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
deferred maintenanceEnglish
Repairs and replacements a previous owner postponed, which become the new owner’s cost, often sooner and larger than expected.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
Repairs and replacements a previous owner postponed, which become the new owner’s cost, often sooner and larger than expected.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
deficiency judgmentEnglish
A court judgment making the borrower personally liable for the amount by which the foreclosure sale proceeds fall short of the debt, where state law allows it.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
A court judgment making the borrower personally liable for the amount by which the foreclosure sale proceeds fall short of the debt, where state law allows it.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
deficit countryEnglish
A country whose investment exceeds its saving, so it runs a current-account deficit and borrows or sells assets abroad.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
A country whose investment exceeds its saving, so it runs a current-account deficit and borrows or sells assets abroad.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
defined benefit planEnglish
An employer plan promising a formula-based pension at retirement; the employer invests the fund and bears the investment risk.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
An employer plan promising a formula-based pension at retirement; the employer invests the fund and bears the investment risk.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
defined contribution planEnglish
An employer plan defining only what goes in — such as a 401(k) deferral and match; the account balance is the benefit, and the employee bears the investment risk.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
An employer plan defining only what goes in — such as a 401(k) deferral and match; the account balance is the benefit, and the employee bears the investment risk.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
defined-contribution planEnglish
A workplace savings plan, such as a 401(k) or 403(b), in which the worker (and often the employer) contributes, and the benefit depends on how the investments grow.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
A workplace savings plan, such as a 401(k) or 403(b), in which the worker (and often the employer) contributes, and the benefit depends on how the investments grow.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
deflationEnglish
A sustained fall in the general level of prices.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · +2 more
A sustained fall in the general level of prices.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · +2 more
delayed financingEnglish
Fannie Mae’s exception allowing a cash-out refinance within six months of a documented all-cash purchase, limited to the cash invested and costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
Fannie Mae’s exception allowing a cash-out refinance within six months of a documented all-cash purchase, limited to the cash invested and costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
deliverEnglish
To bring what someone bought to them.
Kindergarten Business & Finance, Lesson 9.3 (grade K)
To bring what someone bought to them.
Kindergarten Business & Finance, Lesson 9.3 (grade K)
delivery and acceptanceEnglish
The grantor’s intentional, irrevocable transfer of the deed to the grantee during the grantor’s lifetime, and the grantee’s acceptance of it; title passes on delivery.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
The grantor’s intentional, irrevocable transfer of the deed to the grantee during the grantor’s lifetime, and the grantee’s acceptance of it; title passes on delivery.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
demandEnglish
The quantities of a good buyers are willing and able to buy at each possible price, other things being equal.
Economics & the History of Money, Lesson 2.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · +3 more
The quantities of a good buyers are willing and able to buy at each possible price, other things being equal.
Economics & the History of Money, Lesson 2.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · +3 more
demand curveEnglish
A graph of the demand schedule, with price on the vertical axis and quantity on the horizontal axis. It slopes down from left to right.
Grade 6 Business & Finance, Lesson 3.1 (grade 6) · Grade 7 Business & Finance, Lesson 3.1 (grade 7)
A graph of the demand schedule, with price on the vertical axis and quantity on the horizontal axis. It slopes down from left to right.
Grade 6 Business & Finance, Lesson 3.1 (grade 6) · Grade 7 Business & Finance, Lesson 3.1 (grade 7)
demand depositEnglish
Money in a checking account that the depositor may withdraw “on demand,” at any time, without notice or penalty.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
Money in a checking account that the depositor may withdraw “on demand,” at any time, without notice or penalty.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
demand scheduleEnglish
A table showing how much of a good buyers will buy at each price.
Grade 6 Business & Finance, Lesson 3.1 (grade 6)
A table showing how much of a good buyers will buy at each price.
Grade 6 Business & Finance, Lesson 3.1 (grade 6)
demand shifterEnglish
A change other than the good’s own price (income, tastes, the prices of related goods, the number of buyers, expectations) that moves the whole demand curve.
Economics & the History of Money, Lesson 2.1 (grade 11–12)
A change other than the good’s own price (income, tastes, the prices of related goods, the number of buyers, expectations) that moves the whole demand curve.
Economics & the History of Money, Lesson 2.1 (grade 11–12)
demand testEnglish
A small, real offer that measures whether people will actually buy, sign up or pay.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12)
A small, real offer that measures whether people will actually buy, sign up or pay.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12)
demonstrationEnglish
Showing that a product works, rather than only saying so.
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.3 (grade 3)
Showing that a product works, rather than only saying so.
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.3 (grade 3)
denariusEnglish
The standard silver coin of Rome for over four centuries; the “penny” of the King James New Testament.
Economics & the History of Money, Lesson 4.3 (grade 11–12)
The standard silver coin of Rome for over four centuries; the “penny” of the King James New Testament.
Economics & the History of Money, Lesson 4.3 (grade 11–12)
department storeEnglish
A big store with many parts, called departments, each selling a different kind of good.
Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Grade 4 Business & Finance, Lesson 6.2 (grade 4)
A big store with many parts, called departments, each selling a different kind of good.
Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Grade 4 Business & Finance, Lesson 6.2 (grade 4)
dependableEnglish
Able to be counted on to do what you said, when you said.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
Able to be counted on to do what you said, when you said.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
depositEnglish
Money left with a bank, which the bank promises to repay.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 8.2 (grade 1) · Grade 2 Business & Finance, Lesson 8.2 (grade 2) · +3 more
Money left with a bank, which the bank promises to repay.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 1 Business & Finance, Lesson 8.2 (grade 1) · Grade 2 Business & Finance, Lesson 8.2 (grade 2) · +3 more
deposit in transitEnglish
A deposit recorded in the books but not yet on the bank statement. Added to the bank balance.
Accounting, Lesson 5.1 (grade 9–12)
A deposit recorded in the books but not yet on the bank statement. Added to the bank balance.
Accounting, Lesson 5.1 (grade 9–12)
deposit insuranceEnglish
A guarantee that depositors will be repaid up to a limit if their bank fails; in the U.S., provided by the FDIC since 1934.
Economics & the History of Money, Lesson 8.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Grade 8 Business & Finance, Lesson 5.3 (grade 8) · +1 more
A guarantee that depositors will be repaid up to a limit if their bank fails; in the U.S., provided by the FDIC since 1934.
Economics & the History of Money, Lesson 8.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Grade 8 Business & Finance, Lesson 5.3 (grade 8) · +1 more
depreciation (cost recovery)English
A tax deduction that recovers the cost of a building used in a business or held for investment over its statutory life; land is never depreciated.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12)
A tax deduction that recovers the cost of a building used in a business or held for investment over its statutory life; land is never depreciated.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12)
depreciation (in value)English
A decrease in a property’s value over time from any cause; distinct from tax depreciation.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
A decrease in a property’s value over time from any cause; distinct from tax depreciation.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
depreciation recaptureEnglish
The tax rule that treats gain attributable to depreciation deductions differently from other gain when depreciated property is sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The tax rule that treats gain attributable to depreciation deductions differently from other gain when depreciated property is sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
depreciation (tax)English
A yearly deduction that recovers the cost of a building (never the land) over its tax life — 27.5 years, straight-line, for residential rental property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
A yearly deduction that recovers the cost of a building (never the land) over its tax life — 27.5 years, straight-line, for residential rental property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
depressionEnglish
A severe, long-lasting decline in economic activity, with high unemployment.
Personal Finance & Investing, Lesson 8.2 (grade 9–12)
A severe, long-lasting decline in economic activity, with high unemployment.
Personal Finance & Investing, Lesson 8.2 (grade 9–12)
design and construction requirementsEnglish
The seven accessibility features the Fair Housing Act requires in covered multifamily dwellings, such as an accessible entrance on an accessible route and usable kitchens and bathrooms.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
The seven accessibility features the Fair Housing Act requires in covered multifamily dwellings, such as an accessible entrance on an accessible route and usable kitchens and bathrooms.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
design patentEnglish
A patent that protects the new ornamental shape of a product for a period of years.
Grade 7 Business & Finance, Lesson 6.4 (grade 7) · Engineering Design, Robotics & Drones, Lesson 10.2 (grade 9–12)
A patent that protects the new ornamental shape of a product for a period of years.
Grade 7 Business & Finance, Lesson 6.4 (grade 7) · Engineering Design, Robotics & Drones, Lesson 10.2 (grade 9–12)
designated agencyEnglish
An arrangement in which the managing broker of one firm appoints one licensee to represent the seller and another to represent the buyer, each owing full duties to his own client.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
An arrangement in which the managing broker of one firm appoints one licensee to represent the seller and another to represent the buyer, each owing full duties to his own client.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
detached ADU (DADU)English
An ADU in a separate structure, such as a backyard cottage or a unit over a garage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
An ADU in a separate structure, such as a backyard cottage or a unit over a garage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
devaluationEnglish
A reduction in the official value of a currency in terms of gold or of other currencies.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
A reduction in the official value of a currency in terms of gold or of other currencies.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
dieEnglish
A hard steel tool with the coin’s picture cut into it. It presses the picture onto the blank.
Grade 2 Business & Finance, Lesson 2.3 (grade 2) · Playing the Odds, Lesson 2.1 (grade 4–7)
A hard steel tool with the coin’s picture cut into it. It presses the picture onto the blank.
Grade 2 Business & Finance, Lesson 2.3 (grade 2) · Playing the Odds, Lesson 2.1 (grade 4–7)
diligenceEnglish
Steady, careful, hard work that does not give up.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.4 (grade 5) · Playing the Odds, Lesson 8.3 (grade 4–7)
Steady, careful, hard work that does not give up.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 2.4 (grade 5) · Playing the Odds, Lesson 8.3 (grade 4–7)
diligentEnglish
Working carefully and not giving up until the job is done.
Grade 1 Business & Finance, Lesson 1.1 (grade 1)
Working carefully and not giving up until the job is done.
Grade 1 Business & Finance, Lesson 1.1 (grade 1)
dilutionEnglish
The fall in an owner’s percentage when new shares are issued to others.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.2 (grade 8)
The fall in an owner’s percentage when new shares are issued to others.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.2 (grade 8)
dimeEnglish
The smallest silver-colored coin, with a bumpy edge, worth 10 cents.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
The smallest silver-colored coin, with a bumpy edge, worth 10 cents.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
DIME methodEnglish
A needs-approach checklist that sums Debt, Income replacement for a chosen number of years, Mortgage balance and Education costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
A needs-approach checklist that sums Debt, Income replacement for a chosen number of years, Mortgage balance and Education costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
diminishing marginal benefitEnglish
The pattern that each additional unit of something usually adds less benefit than the one before.
Grade 8 Business & Finance, Lesson 1.1 (grade 8)
The pattern that each additional unit of something usually adds less benefit than the one before.
Grade 8 Business & Finance, Lesson 1.1 (grade 8)
diminishing marginal returnsEnglish
The tendency for each added worker to add less output when other inputs are fixed.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
The tendency for each added worker to add less output when other inputs are fixed.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
diminishing marginal utilityEnglish
The principle that each additional unit of a good usually adds less benefit than the one before.
Economics & the History of Money, Lesson 1.3 (grade 11–12)
The principle that each additional unit of a good usually adds less benefit than the one before.
Economics & the History of Money, Lesson 1.3 (grade 11–12)
diminishing returns to capitalEnglish
Each added unit of capital, with other inputs fixed, adds less output than the one before.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
Each added unit of capital, with other inputs fixed, adds less output than the one before.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
direct competitorEnglish
A business selling a similar product to the same customers.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
A business selling a similar product to the same customers.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
direct laborEnglish
Wages of workers who work directly on the product.
Accounting, Lesson 10.2 (grade 9–12)
Wages of workers who work directly on the product.
Accounting, Lesson 10.2 (grade 9–12)
direct lossEnglish
Physical damage to property from a peril, including damage from the proximate chain the peril sets off, such as smoke and water used to fight a fire.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
Physical damage to property from a peril, including damage from the proximate chain the peril sets off, such as smoke and water used to fight a fire.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
direct materialsEnglish
Materials that become part of the product and can be traced to it (lumber in a cabinet, steel in a rail).
Accounting, Lesson 10.2 (grade 9–12)
Materials that become part of the product and can be traced to it (lumber in a cabinet, steel in a rail).
Accounting, Lesson 10.2 (grade 9–12)
direct threatEnglish
A narrow exception allowing refusal only when an individualized assessment shows a specific person would pose a significant risk to others’ health or safety that cannot be reduced by reasonable accommodation.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
A narrow exception allowing refusal only when an individualized assessment shows a specific person would pose a significant risk to others’ health or safety that cannot be reduced by reasonable accommodation.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
direct write-off methodEnglish
Recording bad-debt expense only when a specific account is written off; simple, but not allowed under GAAP when bad debts are significant.
Accounting, Lesson 6.2 (grade 9–12)
Recording bad-debt expense only when a specific account is written off; simple, but not allowed under GAAP when bad debts are significant.
Accounting, Lesson 6.2 (grade 9–12)
directed brokerageEnglish
A client’s instruction that trades be executed through a particular broker-dealer; the adviser must warn that best execution may be lost.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
A client’s instruction that trades be executed through a particular broker-dealer; the adviser must warn that best execution may be lost.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
directors and officers liability (D&O)English
Coverage for a company's leaders against claims that their management decisions wrongfully harmed the company, its shareholders or others.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Coverage for a company's leaders against claims that their management decisions wrongfully harmed the company, its shareholders or others.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
direct-to-customerEnglish
Selling straight to the end customer, without wholesalers or retailers in between.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
Selling straight to the end customer, without wholesalers or retailers in between.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
disability income insuranceEnglish
Insurance that replaces a portion of earned income, usually as a monthly benefit, when the insured cannot work because of sickness or injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
Insurance that replaces a portion of earned income, usually as a monthly benefit, when the insured cannot work because of sickness or injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
disability insuranceEnglish
Insurance that replaces part of a worker’s income if illness or injury prevents him from working.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
Insurance that replaces part of a worker’s income if illness or injury prevents him from working.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
dischargeEnglish
A court order releasing a debtor from legal obligation to pay certain debts.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Grade 4 Earth Science: Weather and Water, Lesson 9.4 (grade 4) · +2 more
A court order releasing a debtor from legal obligation to pay certain debts.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Grade 4 Earth Science: Weather and Water, Lesson 9.4 (grade 4) · +2 more
disclosure obligationEnglish
The duty to tell the consumer, in writing, the producer's role in the transaction, how he is compensated in kind, and the products and insurers he can actually offer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The duty to tell the consumer, in writing, the producer's role in the transaction, how he is compensated in kind, and the products and insurers he can actually offer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
discount / premiumEnglish
When bonds sell below face value (discount) or above it (premium) because the market rate is higher or lower than the stated rate.
Accounting, Lesson 7.5 (grade 9–12)
When bonds sell below face value (discount) or above it (premium) because the market rate is higher or lower than the stated rate.
Accounting, Lesson 7.5 (grade 9–12)
discount pointEnglish
A charge equal to 1% of the loan amount, paid to the lender to lower the interest rate.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
A charge equal to 1% of the loan amount, paid to the lender to lower the interest rate.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
discount pointsEnglish
Prepaid interest paid at closing to lower the note rate; one point equals 1% of the loan amount, not of the price.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
Prepaid interest paid at closing to lower the note rate; one point equals 1% of the loan amount, not of the price.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
discount rateEnglish
The rate the Fed charges banks that borrow at its discount window.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12) · +1 more
The rate the Fed charges banks that borrow at its discount window.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12) · +1 more
discount windowEnglish
The facility through which a Reserve Bank lends to banks against collateral.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
The facility through which a Reserve Bank lends to banks against collateral.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
discounted cash flow (DCF)English
Valuing a bond as the present value of everything it will ever pay — each coupon and the final principal, each discounted back to today.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Valuing a bond as the present value of everything it will ever pay — each coupon and the final principal, each discounted back to today.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
discouraged workerEnglish
Someone who wants a job but has stopped looking because he believes none is available; not counted as unemployed.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
Someone who wants a job but has stopped looking because he believes none is available; not counted as unemployed.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
discretionEnglish
Authority to decide the asset, the action (buy or sell) or the amount for a client’s trade without consulting the client first.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 1.6 (Ages 10–13) · +1 more
Authority to decide the asset, the action (buy or sell) or the amount for a client’s trade without consulting the client first.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 1.6 (Ages 10–13) · +1 more
discriminatory advertisingEnglish
Any ad or statement indicating a preference, limitation or discrimination based on a protected class; prohibited by the Fair Housing Act.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
Any ad or statement indicating a preference, limitation or discrimination based on a protected class; prohibited by the Fair Housing Act.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
disparate treatmentEnglish
Treating an applicant or tenant differently because of a protected characteristic, such as asking only some applicants for extra documents.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
Treating an applicant or tenant differently because of a protected characteristic, such as asking only some applicants for extra documents.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
dispersed knowledgeEnglish
Information about local conditions, needs and opportunities spread among millions of people, which no single planner can gather.
Economics & the History of Money, Lesson 2.5 (grade 11–12)
Information about local conditions, needs and opportunities spread among millions of people, which no single planner can gather.
Economics & the History of Money, Lesson 2.5 (grade 11–12)
displayEnglish
Setting out goods or work neatly so people can see them.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Kindergarten Business & Finance, Lesson 8.4 (grade K) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.3 (grade 3) · +3 more
Setting out goods or work neatly so people can see them.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Kindergarten Business & Finance, Lesson 8.4 (grade K) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.3 (grade 3) · +3 more
display adEnglish
A paid advertisement with art and type, sold by size.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
A paid advertisement with art and type, sold by size.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
dispute resolutionEnglish
The agreed way of settling disagreements, such as talking it out, asking a trusted adult to decide, or mediation.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
The agreed way of settling disagreements, such as talking it out, asking a trusted adult to decide, or mediation.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
dissolutionEnglish
The formal ending of a partnership, with its books closed and its property divided.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
The formal ending of a partnership, with its books closed and its property divided.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
distractorEnglish
A wrong answer choice written to look plausible, often the result of a common mistake.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12) · Human Geography, Lesson 10.3 (grade 9–12)
A wrong answer choice written to look plausible, often the result of a common mistake.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12) · Human Geography, Lesson 10.3 (grade 9–12)
distributionEnglish
How goods get from the maker or seller to the customer: warehouses, trucks, trains, mail and stores.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · Playing the Odds, Lesson 2.2 (grade 4–7) · +1 more
How goods get from the maker or seller to the customer: warehouses, trucks, trains, mail and stores.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · Playing the Odds, Lesson 2.2 (grade 4–7) · +1 more
diversificationEnglish
Spreading money among many different investments so that one failure does not ruin you.
Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 7 Business & Finance, Lesson 8.2 (grade 7) · +3 more
Spreading money among many different investments so that one failure does not ruin you.
Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 7 Business & Finance, Lesson 8.2 (grade 7) · +3 more
diversification (business)English
Moving into new kinds of products or markets; useful in moderation, dangerous when it pulls a company away from what it does well.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
Moving into new kinds of products or markets; useful in moderation, dangerous when it pulls a company away from what it does well.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
diversifyEnglish
To spread your savings among several different investments so one loss does not ruin you.
Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Seven Small Businesses, Lesson 1.9 (grade 9–12)
To spread your savings among several different investments so one loss does not ruin you.
Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Seven Small Businesses, Lesson 1.9 (grade 9–12)
divestitureEnglish
A court-ordered breakup of a company into separate firms.
Economics & the History of Money, Lesson 3.5 (grade 11–12)
A court-ordered breakup of a company into separate firms.
Economics & the History of Money, Lesson 3.5 (grade 11–12)
dividend discount model (DDM)English
A valuation method that prices a stock as the present value of all its expected future dividends.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
A valuation method that prices a stock as the present value of all its expected future dividends.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
dividend optionsEnglish
The five classic elections: cash, reduction of premium, accumulation at interest, paid-up additions, and one-year term insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
The five classic elections: cash, reduction of premium, accumulation at interest, paid-up additions, and one-year term insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
dividend payout ratioEnglish
Annual dividends per common share divided by earnings per share; the portion of earnings paid out to owners.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Annual dividends per common share divided by earnings per share; the portion of earnings paid out to owners.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
dividend reinvestmentEnglish
Using dividends to buy more shares automatically.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
Using dividends to buy more shares automatically.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
dividend yieldEnglish
A stock’s yearly dividend as a percent of its price: dividend ÷ price × 100.
Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
A stock’s yearly dividend as a percent of its price: dividend ÷ price × 100.
Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
dividends in arrearsEnglish
The total of missed dividends owed to cumulative preferred holders from prior periods.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
The total of missed dividends owed to cumulative preferred holders from prior periods.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
division of knowledgeEnglish
The way useful knowledge is spread among millions of people, each knowing a small part.
Grade 8 Business & Finance, Lesson 1.3 (grade 8)
The way useful knowledge is spread among millions of people, each knowing a small part.
Grade 8 Business & Finance, Lesson 1.3 (grade 8)
division of laborEnglish
Splitting a job into separate tasks done by different workers, each specializing in one.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4) · +3 more
Splitting a job into separate tasks done by different workers, each specializing in one.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4) · +3 more
documentation obligationEnglish
The duty to make and keep a written record of the basis for the recommendation — the file that proves, years later, why this product fit this client.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The duty to make and keep a written record of the basis for the recommendation — the file that proves, years later, why this product fit this client.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
Dodd-Frank Act (2010)English
The post-2008 reform law that, among much else, raised the line for SEC adviser registration from $25 million to about $100 million of assets under management.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The post-2008 reform law that, among much else, raised the line for SEC adviser registration from $25 million to about $100 million of assets under management.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
dollarEnglish
The basic unit of money in the United States, made official by Congress in 1792.
Grade 3 Business & Finance, Lesson 2.4 (grade 3)
The basic unit of money in the United States, made official by Congress in 1792.
Grade 3 Business & Finance, Lesson 2.4 (grade 3)
dollar-cost averagingEnglish
Investing a fixed amount at regular intervals regardless of price, so more shares are bought when prices are low.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
Investing a fixed amount at regular intervals regardless of price, so more shares are bought when prices are low.
Personal Finance & Investing, Lesson 8.5 (grade 9–12)
dollar-cost averaging (DCA)English
Investing a fixed dollar amount at regular intervals, which buys more shares when prices are low and fewer when high, making the average cost per share less than the average price when prices vary.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Investing a fixed dollar amount at regular intervals, which buys more shares when prices are low and fewer when high, making the average cost per share less than the average price when prices vary.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
dollars at riskEnglish
The money that could be lost if the business fails.
Seven Small Businesses, Lesson 1.9 (grade 9–12)
The money that could be lost if the business fails.
Seven Small Businesses, Lesson 1.9 (grade 9–12)
dollar-weighted return (IRR)English
The internal rate of return on the investor’s actual cash flows, reflecting the timing of deposits and withdrawals — it judges the investor’s experience, not the manager.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
The internal rate of return on the investor’s actual cash flows, reflecting the timing of deposits and withdrawals — it judges the investor’s experience, not the manager.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
domestic insurerEnglish
An insurer doing business in the state where it is incorporated — its home state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
An insurer doing business in the state where it is incorporated — its home state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
dominant strategyEnglish
A choice that is best for a player no matter what the other players do.
Economics & the History of Money, Lesson 3.3 (grade 11–12)
A choice that is best for a player no matter what the other players do.
Economics & the History of Money, Lesson 3.3 (grade 11–12)
donor restrictionEnglish
A limit set by a donor on how or when a gift may be used (for example, “for missions” or “for the building fund”).
Accounting, Lesson 8.5 (grade 9–12)
A limit set by a donor on how or when a gift may be used (for example, “for missions” or “for the building fund”).
Accounting, Lesson 8.5 (grade 9–12)
doorEnglish
Investor slang for one rentable unit; a fourplex is four doors.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
Investor slang for one rentable unit; a fourplex is four doors.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
double coincidence of wantsEnglish
The barter requirement that each trader has what the other wants, at the same time.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Grade 5 Business & Finance, Lesson 2.1 (grade 5)
The barter requirement that each trader has what the other wants, at the same time.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Grade 5 Business & Finance, Lesson 2.1 (grade 5)
double entryEnglish
The method of recording each transaction in two accounts, once as a debit and once as a credit, so that the totals always balance.
Grade 5 Business & Finance, Lesson 7.1 (grade 5)
The method of recording each transaction in two accounts, once as a debit and once as a credit, so that the totals always balance.
Grade 5 Business & Finance, Lesson 7.1 (grade 5)
double taxationEnglish
A corporation pays income tax on its profits, and stockholders pay tax again on dividends they receive.
Accounting, Lesson 8.2 (grade 9–12)
A corporation pays income tax on its profits, and stockholders pay tax again on dividends they receive.
Accounting, Lesson 8.2 (grade 9–12)
double-declining-balance (DDB)English
An accelerated method: each year’s depreciation is twice the straight-line rate times the asset’s book value at the start of the year, never going below salvage value.
Accounting, Lesson 7.2 (grade 9–12)
An accelerated method: each year’s depreciation is twice the straight-line rate times the asset’s book value at the start of the year, never going below salvage value.
Accounting, Lesson 7.2 (grade 9–12)
double-entry bookkeepingEnglish
The method in which every transaction is recorded in at least two accounts, with equal debits and credits, so that the books check themselves.
Accounting, Lesson 1.1 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.4 (grade 3) · Explore Crafts and Making · Expert, Stop 4.8 (Ages 14+) · +1 more
The method in which every transaction is recorded in at least two accounts, with equal debits and credits, so that the books check themselves.
Accounting, Lesson 1.1 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.4 (grade 3) · Explore Crafts and Making · Expert, Stop 4.8 (Ages 14+) · +1 more
Dow Jones Industrial AverageEnglish
An index of the stock prices of a group of large American companies, published since 1896.
Personal Finance & Investing, Lesson 8.2 (grade 9–12)
An index of the stock prices of a group of large American companies, published since 1896.
Personal Finance & Investing, Lesson 8.2 (grade 9–12)
down paymentEnglish
The first payment made when you buy something on installments.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Personal Finance & Investing, Lesson 9.1 (grade 9–12) · Personal Finance & Investing, Lesson 9.3 (grade 9–12)
The first payment made when you buy something on installments.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Personal Finance & Investing, Lesson 9.1 (grade 9–12) · Personal Finance & Investing, Lesson 9.3 (grade 9–12)
downsideEnglish
The worst realistic outcome of a decision; a wise entrepreneur asks whether he can survive it.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12)
The worst realistic outcome of a decision; a wise entrepreneur asks whether he can survive it.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12)
downzoningEnglish
A rezoning to a less intensive use or lower density, such as from multifamily to single-family.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
A rezoning to a less intensive use or lower density, such as from multifamily to single-family.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
DP-1 (basic form)English
The narrowest dwelling form: named perils such as fire, lightning and internal explosion, with extended coverage optional, settled at actual cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
The narrowest dwelling form: named perils such as fire, lightning and internal explosion, with extended coverage optional, settled at actual cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
DP-2 (broad form)English
A dwelling form covering a longer list of named broad-form perils, with the dwelling commonly settled at replacement cost.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
A dwelling form covering a longer list of named broad-form perils, with the dwelling commonly settled at replacement cost.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
DP-3 (special form)English
The widest dwelling form: open-peril coverage on the dwelling, named perils on contents — the standard landlord's choice.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
The widest dwelling form: open-peril coverage on the dwelling, named perils on contents — the standard landlord's choice.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
draw scheduleEnglish
A plan for releasing rehab-loan money in stages as work is completed and inspected.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A plan for releasing rehab-loan money in stages as work is completed and inspected.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
drawbackEnglish
A payment a railroad secretly made to Standard Oil on its competitors’ shipments, so that rivals’ freight helped pay Standard.
Grade 7 Business & Finance, Lesson 4.3 (grade 7) · Grade 6 Earth Science: The Dynamic Earth, Lesson 4.4 (grade 6)
A payment a railroad secretly made to Standard Oil on its competitors’ shipments, so that rivals’ freight helped pay Standard.
Grade 7 Business & Finance, Lesson 4.3 (grade 7) · Grade 6 Earth Science: The Dynamic Earth, Lesson 4.4 (grade 6)
drawing (withdrawal)English
Cash or other assets the owner takes out of the business for personal use. It reduces equity but is not an expense.
Accounting, Lesson 1.2 (grade 9–12)
Cash or other assets the owner takes out of the business for personal use. It reduces equity but is not an expense.
Accounting, Lesson 1.2 (grade 9–12)
driving for dollarsEnglish
Driving or walking a neighborhood to record properties that look vacant or neglected, then researching their owners in public records.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
Driving or walking a neighborhood to record properties that look vacant or neglected, then researching their owners in public records.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
drop-down coverageEnglish
The umbrella's payment from the first dollar above the SIR when a loss is covered by the umbrella but not by any underlying policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
The umbrella's payment from the first dollar above the SIR when a loss is covered by the umbrella but not by any underlying policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
DSCR loanEnglish
A non-QM investment-property loan underwritten mainly on the property’s rent compared with its payment rather than on the borrower’s personal income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
A non-QM investment-property loan underwritten mainly on the property’s rent compared with its payment rather than on the borrower’s personal income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
dual agencyEnglish
Representation of both the buyer and the seller in the same transaction by the same licensee or brokerage, lawful only with both parties’ informed written consent.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
Representation of both the buyer and the seller in the same transaction by the same licensee or brokerage, lawful only with both parties’ informed written consent.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
dualityEnglish
The principle that every transaction has two sides of equal value: something received and something given, or a resource and a claim on it.
Accounting, Lesson 1.3 (grade 9–12)
The principle that every transaction has two sides of equal value: something received and something given, or a resource and a claim on it.
Accounting, Lesson 1.3 (grade 9–12)
due careEnglish
Doing the work competently and diligently, according to professional standards.
Accounting, Lesson 5.5 (grade 9–12)
Doing the work competently and diligently, according to professional standards.
Accounting, Lesson 5.5 (grade 9–12)
due diligenceEnglish
An investor’s careful checking of a venture’s claims before deciding.
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12)
An investor’s careful checking of a venture’s claims before deciding.
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12)
due-on-sale clauseEnglish
A loan provision letting the lender demand full payment if the property is sold or transferred.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
A loan provision letting the lender demand full payment if the property is sold or transferred.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
duplexEnglish
A building or lot with two separate dwelling units, side by side or stacked.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
A building or lot with two separate dwelling units, side by side or stacked.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
durationEnglish
A measure of a bond’s price sensitivity to rate changes, in years: the longer the duration, the harder the price swings; longer maturities and lower coupons both lengthen it.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
A measure of a bond’s price sensitivity to rate changes, in years: the longer the duration, the harder the price swings; longer maturities and lower coupons both lengthen it.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
DUSTEnglish
The four characteristics of value: demand (backed by purchasing power), utility, scarcity and transferability.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The four characteristics of value: demand (backed by purchasing power), utility, scarcity and transferability.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
duties after an accident (Part E)English
The insured's obligations: prompt notice, cooperation, forwarding legal papers, police notice for hit-and-run or theft, protecting the auto from further damage, and submitting to examination.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
The insured's obligations: prompt notice, cooperation, forwarding legal papers, police notice for hit-and-run or theft, protecting the auto from further damage, and submitting to examination.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
duty of careEnglish
The legal obligation to act with reasonable care toward others who could foreseeably be harmed by your conduct — the first element of negligence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
The legal obligation to act with reasonable care toward others who could foreseeably be harmed by your conduct — the first element of negligence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
dwelling (landlord) policyEnglish
Property insurance written for a residence that is rented to others, covering the building, other structures, loss of rental income and, usually, premises liability; it differs from a homeowner’s policy, which assumes the owner lives there.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
Property insurance written for a residence that is rented to others, covering the building, other structures, loss of rental income and, usually, premises liability; it differs from a homeowner’s policy, which assumes the owner lives there.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
dwelling policy (DP)English
A property form for dwellings that do not qualify for homeowners — chiefly rental houses and non-owner-occupied homes — covering the building and optionally contents, with no theft or liability coverage in the standard forms.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
A property form for dwellings that do not qualify for homeowners — chiefly rental houses and non-owner-occupied homes — covering the building and optionally contents, with no theft or liability coverage in the standard forms.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
E
earnedEnglish
The money left after you pay back what your supplies cost.
Kindergarten Business & Finance, Lesson 9.4 (grade K)
The money left after you pay back what your supplies cost.
Kindergarten Business & Finance, Lesson 9.4 (grade K)
earned mediaEnglish
Attention a business earns without paying: reviews, word of mouth, shares, news stories.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
Attention a business earns without paying: reviews, word of mouth, shares, news stories.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
earnest moneyEnglish
A good-faith deposit made by the buyer with the offer, held in trust by a broker, escrow agent or title company and applied to the price at closing.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
A good-faith deposit made by the buyer with the offer, held in trust by a broker, escrow agent or title company and applied to the price at closing.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
earnings per share (EPS)English
(Net income − preferred dividends) ÷ weighted-average common shares outstanding.
Accounting, Lesson 9.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
(Net income − preferred dividends) ÷ weighted-average common shares outstanding.
Accounting, Lesson 9.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
earth movementEnglish
Earthquake, landslide, sinkhole collapse and similar ground motion — excluded by homeowners forms and bought back by endorsement or a separate policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
Earthquake, landslide, sinkhole collapse and similar ground motion — excluded by homeowners forms and bought back by endorsement or a separate policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
easementEnglish
A nonpossessory right to use another’s land for a particular purpose, such as access or utilities.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A nonpossessory right to use another’s land for a particular purpose, such as access or utilities.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
easement appurtenantEnglish
An easement that benefits a parcel of land (the dominant tenement) and burdens a neighboring parcel (the servient tenement); it runs with the land.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
An easement that benefits a parcel of land (the dominant tenement) and burdens a neighboring parcel (the servient tenement); it runs with the land.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
easement by prescriptionEnglish
An easement acquired by use that is open, notorious, continuous, hostile (without permission) and uninterrupted for the period set by state law.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
An easement acquired by use that is open, notorious, continuous, hostile (without permission) and uninterrupted for the period set by state law.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
easement in grossEnglish
An easement that benefits a person or company rather than a parcel of land, such as a utility company’s right to run lines; there is no dominant tenement.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
An easement that benefits a person or company rather than a parcel of land, such as a utility company’s right to run lines; there is no dominant tenement.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
easy (accommodative) moneyEnglish
Policy that expands money and credit — the Fed buys securities, cuts rates — to stimulate a weak economy.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
Policy that expands money and credit — the Fed buys securities, cuts rates — to stimulate a weak economy.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
economic growthEnglish
A sustained increase in real GDP per person.
Economics & the History of Money, Lesson 9.5 (grade 11–12)
A sustained increase in real GDP per person.
Economics & the History of Money, Lesson 9.5 (grade 11–12)
economic indicatorEnglish
A regularly published statistic used to judge where the economy is in the business cycle.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
A regularly published statistic used to judge where the economy is in the business cycle.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
economic lifeEnglish
The period over which improvements contribute to the property’s value; remaining economic life is economic life minus effective age.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
The period over which improvements contribute to the property’s value; remaining economic life is economic life minus effective age.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
economic profitEnglish
Revenue minus all costs, including the opportunity cost of the owner’s time and money; zero economic profit means the owner earns a normal return.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
Revenue minus all costs, including the opportunity cost of the owner’s time and money; zero economic profit means the owner earns a normal return.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
economic vacancyEnglish
The share of gross scheduled income not collected for any reason — empty units, unpaid rent, concessions and below-market leases.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
The share of gross scheduled income not collected for any reason — empty units, unpaid rent, concessions and below-market leases.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
economies of scaleEnglish
Falling average cost as output grows.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · +2 more
Falling average cost as output grows.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · +2 more
Edict on Maximum PricesEnglish
Diocletian’s decree of A.D. 301 setting maximum prices for over a thousand goods and services across the Roman Empire, under penalty of death.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
Diocletian’s decree of A.D. 301 setting maximum prices for over a thousand goods and services across the Roman Empire, under penalty of death.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
effective ageEnglish
The age a building appears to be given its condition and utility, which may be more or less than its actual (chronological) age.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
The age a building appears to be given its condition and utility, which may be more or less than its actual (chronological) age.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
effective annual rateEnglish
The true yearly rate after compounding: (1 + \text{APR}/n)^n - 1 for n compounding periods a year.
Personal Finance & Investing, Lesson 4.1 (grade 9–12)
The true yearly rate after compounding: (1 + \text{APR}/n)^n - 1 for n compounding periods a year.
Personal Finance & Investing, Lesson 4.1 (grade 9–12)
effective dateEnglish
Under the USA, a registration becomes effective at noon on the 30th day after a complete application is filed, unless the Administrator acts sooner or a proceeding is pending.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
Under the USA, a registration becomes effective at noon on the 30th day after a complete application is filed, unless the Administrator acts sooner or a proceeding is pending.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
effective date of valueEnglish
The date as of which the appraiser’s opinion of value applies, which may differ from the date the report is written.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
The date as of which the appraiser’s opinion of value applies, which may differ from the date the report is written.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
effective gross incomeEnglish
Rent actually collected after vacancies and discounts.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
Rent actually collected after vacancies and discounts.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
effective gross income (EGI)English
Potential gross income minus vacancy and collection loss, plus other income such as laundry, parking or storage fees.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
Potential gross income minus vacancy and collection loss, plus other income such as laundry, parking or storage fees.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
efficiency wageEnglish
A wage above the market rate, paid to reduce turnover, attract better workers and raise effort.
Economics & the History of Money, Lesson 7.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.2 (grade 7)
A wage above the market rate, paid to reduce turnover, attract better workers and raise effort.
Economics & the History of Money, Lesson 7.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.2 (grade 7)
efficientEnglish
Producing on the frontier: no more of one good can be made without making less of another.
Economics & the History of Money, Lesson 1.1 (grade 11–12)
Producing on the frontier: no more of one good can be made without making less of another.
Economics & the History of Money, Lesson 1.1 (grade 11–12)
efficient frontierEnglish
The set of portfolios that offer the highest expected return for each level of risk; no portfolio above it exists, and none below it is worth holding.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
The set of portfolios that offer the highest expected return for each level of risk; no portfolio above it exists, and none below it is worth holding.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
efficient market hypothesis (EMH)English
The claim that market prices already reflect information, so investors cannot consistently beat the market using that information.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
The claim that market prices already reflect information, so investors cannot consistently beat the market using that information.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
elasticEnglish
Demand with elasticity greater than 1 in absolute value: quantity responds more than in proportion to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 5 Engineering & Physics, Lesson 9.2 (grade 5) · Kindergarten Engineering & Physics, Lesson 9.2 (grade K) · +1 more
Demand with elasticity greater than 1 in absolute value: quantity responds more than in proportion to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 5 Engineering & Physics, Lesson 9.2 (grade 5) · Kindergarten Engineering & Physics, Lesson 9.2 (grade K) · +1 more
elastic and inelasticEnglish
Demand is elastic when elasticity is greater than 1 (buyers respond a lot) and inelastic when it is less than 1 (buyers respond only a little).
Grade 6 Business & Finance, Lesson 3.1 (grade 6)
Demand is elastic when elasticity is greater than 1 (buyers respond a lot) and inelastic when it is less than 1 (buyers respond only a little).
Grade 6 Business & Finance, Lesson 3.1 (grade 6)
elastic currencyEnglish
A currency whose supply can expand and contract with the needs of trade.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
A currency whose supply can expand and contract with the needs of trade.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
electrumEnglish
A natural alloy of gold and silver found in the rivers of Lydia; the first coins were made of it.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.3 (grade 1) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · +1 more
A natural alloy of gold and silver found in the rivers of Lydia; the first coins were made of it.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 2.3 (grade 1) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · +1 more
elements of comparisonEnglish
The categories in which comparables are adjusted: property rights conveyed, financing terms, conditions of sale, market conditions (time), location and physical characteristics.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
The categories in which comparables are adjusted: property rights conveyed, financing terms, conditions of sale, market conditions (time), location and physical characteristics.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
eligibility rulesEnglish
The underwriting gate for a BOP — commonly limits on building size, annual sales and class of business; large or hazardous risks must use a commercial package policy instead.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
The underwriting gate for a BOP — commonly limits on building size, annual sales and class of business; large or hazardous risks must use a commercial package policy instead.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
elimination periodEnglish
The waiting period after disability begins during which no benefits are payable — a deductible measured in time instead of dollars.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
The waiting period after disability begins during which no benefits are payable — a deductible measured in time instead of dollars.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
embargoEnglish
An order that stops trade with a particular country.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
An order that stops trade with a particular country.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
emblementsEnglish
Annual crops produced by human labor (fructus industriales), treated as personal property; a tenant farmer may return to harvest emblements planted before a tenancy ended through no fault of the tenant.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Annual crops produced by human labor (fructus industriales), treated as personal property; a tenant farmer may return to harvest emblements planted before a tenancy ended through no fault of the tenant.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
emergency fundEnglish
Savings set aside for unexpected needs, such as a car repair or a lost job.
Grade 5 Business & Finance, Lesson 8.1 (grade 5) · Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Personal Finance & Investing, Lesson 2.2 (grade 9–12)
Savings set aside for unexpected needs, such as a car repair or a lost job.
Grade 5 Business & Finance, Lesson 8.1 (grade 5) · Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Personal Finance & Investing, Lesson 2.2 (grade 9–12)
emergency repairEnglish
A repair needed at once to protect health, safety or the building, such as no heat in winter, a gas smell, a major leak or no water.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
A repair needed at once to protect health, safety or the building, such as no heat in winter, a gas smell, a major leak or no water.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
eminent domainEnglish
The government’s power to take private property for public use upon payment of just compensation.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The government’s power to take private property for public use upon payment of just compensation.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
employeeEnglish
A person who works for a business under its direction for wages.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
A person who works for a business under its direction for wages.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
employee stock optionEnglish
A company-granted right to buy its own stock at a set exercise (strike) price for a set period, usually earned over time through vesting.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
A company-granted right to buy its own stock at a set exercise (strike) price for a set period, usually earned over time through vesting.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
employerEnglish
The person or business that hires workers and pays them.
Grade 2 Business & Finance, Lesson 5.2 (grade 2)
The person or business that hires workers and pays them.
Grade 2 Business & Finance, Lesson 5.2 (grade 2)
employer diversityEnglish
The spread of a market’s jobs across many employers and industries, which reduces the damage from any one layoff.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
The spread of a market’s jobs across many employers and industries, which reduces the damage from any one layoff.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
employer matchEnglish
Money an employer adds to a worker’s plan, such as 50 cents for each dollar the worker saves up to a limit.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
Money an employer adds to a worker’s plan, such as 50 cents for each dollar the worker saves up to a limit.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
employers liability (Part Two)English
The policy's second insuring agreement, covering the employer for the rare employment-related suits that fall outside the workers' compensation statute.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The policy's second insuring agreement, covering the employer for the rare employment-related suits that fall outside the workers' compensation statute.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
encroachmentEnglish
A building, fence or other improvement that extends onto a neighbor’s land; it is revealed by a survey, not by a title search.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A building, fence or other improvement that extends onto a neighbor’s land; it is revealed by a survey, not by a title search.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
encumbranceEnglish
Any claim, lien, charge or limitation on real property that may lessen its value or restrict its use but does not prevent transfer of title.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
Any claim, lien, charge or limitation on real property that may lessen its value or restrict its use but does not prevent transfer of title.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
endorsementEnglish
Public approval of a product by a well-known person.
Grade 8 Business & Finance, Lesson 4.2 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
Public approval of a product by a well-known person.
Grade 8 Business & Finance, Lesson 4.2 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
endowmentEnglish
A permanent fund whose investment earnings support a church, school or charity year after year.
Personal Finance & Investing, Lesson 10.3 (grade 9–12)
A permanent fund whose investment earnings support a church, school or charity year after year.
Personal Finance & Investing, Lesson 10.3 (grade 9–12)
engineerEnglish
A person who designs and builds machines, roads, bridges, canals and other useful works.
Grade 4 Business & Finance, Lesson 4.2 (grade 4) · Grade 2 Earth Science: The Earth's Surface, Lesson 3.2 (grade 2) · Grade 1 Engineering & Physics, Lesson 2.4 (grade 1) · +3 more
A person who designs and builds machines, roads, bridges, canals and other useful works.
Grade 4 Business & Finance, Lesson 4.2 (grade 4) · Grade 2 Earth Science: The Earth's Surface, Lesson 3.2 (grade 2) · Grade 1 Engineering & Physics, Lesson 2.4 (grade 1) · +3 more
engraverEnglish
An artist who carves pictures and letters into metal with sharp tools, so they can be printed.
Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Explore Crafts and Making, Stop 4.1 (Ages 7–9)
An artist who carves pictures and letters into metal with sharp tools, so they can be printed.
Grade 2 Business & Finance, Lesson 2.4 (grade 2) · Explore Crafts and Making, Stop 4.1 (Ages 7–9)
enlightened self-interestEnglish
Doing what is good for others because, in the long run, it is also good for oneself; Owen argued that well-treated workers made a mill more profitable.
Grade 8 Business & Finance, Lesson 5.1 (grade 8)
Doing what is good for others because, in the long run, it is also good for oneself; Owen argued that well-treated workers made a mill more profitable.
Grade 8 Business & Finance, Lesson 5.1 (grade 8)
enrollment windowEnglish
The 120-day period, opened by paying the exam fee, within which the candidate must schedule and sit the exam.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The 120-day period, opened by paying the exam fee, within which the candidate must schedule and sit the exam.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
entire contractEnglish
The rule that the policy, the attached application and any riders or endorsements make up the whole agreement, and nothing outside it counts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
The rule that the policy, the attached application and any riders or endorsements make up the whole agreement, and nothing outside it counts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
entire contract provisionEnglish
The provision stating that the policy plus the attached copy of the application make up the whole agreement, and nothing outside them can be used against the insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The provision stating that the policy plus the attached copy of the application make up the whole agreement, and nothing outside them can be used against the insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
entrepreneurEnglish
A person who organizes resources to meet a need and bears the risk of loss in hope of profit; from the French entreprendre, to undertake.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 4.2 (grade 2) · +3 more
A person who organizes resources to meet a need and bears the risk of loss in hope of profit; from the French entreprendre, to undertake.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 4.2 (grade 2) · +3 more
EPO (exclusive provider organization)English
A plan with no referral requirement but no out-of-network coverage except emergencies — a PPO's freedom inside an HMO's fence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A plan with no referral requirement but no out-of-network coverage except emergencies — a PPO's freedom inside an HMO's fence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
Equal Credit Opportunity Act (ECOA)English
The 1974 federal law, implemented by Regulation B, forbidding creditors to discriminate on any prohibited basis in any aspect of a credit transaction.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The 1974 federal law, implemented by Regulation B, forbidding creditors to discriminate on any prohibited basis in any aspect of a credit transaction.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
equalizationEnglish
The adjustment of assessments, often by an equalization factor, so that property in different districts or classes is assessed at the same level.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The adjustment of assessments, often by an equalization factor, so that property in different districts or classes is assessed at the same level.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
equilibriumEnglish
The price and quantity at which the quantity demanded equals the quantity supplied.
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 7 Business & Finance, Lesson 3.1 (grade 7) · Architecture & Civil Engineering, Lesson 4.2 (grade 9–12) · +2 more
The price and quantity at which the quantity demanded equals the quantity supplied.
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 7 Business & Finance, Lesson 3.1 (grade 7) · Architecture & Civil Engineering, Lesson 4.2 (grade 9–12) · +2 more
equilibrium priceEnglish
The price at which the quantity buyers want to buy equals the quantity sellers want to sell.
Grade 6 Business & Finance, Lesson 3.3 (grade 6)
The price at which the quantity buyers want to buy equals the quantity sellers want to sell.
Grade 6 Business & Finance, Lesson 3.3 (grade 6)
equipment trust certificateEnglish
A bond secured by movable equipment — classically railroad cars, aircraft or trucks — whose title is held in trust until the debt is paid.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A bond secured by movable equipment — classically railroad cars, aircraft or trucks — whose title is held in trust until the debt is paid.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
equitable titleEnglish
The buyer’s interest in the property created by a signed purchase agreement, giving the right to acquire legal title when the contract is performed.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The buyer’s interest in the property created by a signed purchase agreement, giving the right to acquire legal title when the contract is performed.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
equitable vs. statutory redemptionEnglish
Equitable redemption is the borrower’s right to pay the debt and costs before the foreclosure sale; statutory redemption, allowed in some states, is the right to buy the property back for a period after the sale.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
Equitable redemption is the borrower’s right to pay the debt and costs before the foreclosure sale; statutory redemption, allowed in some states, is the right to buy the property back for a period after the sale.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
equityEnglish
Ownership in a business; equity investors share in profits and losses but are not promised repayment.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.2 (grade 7) · Personal Finance & Investing, Lesson 9.3 (grade 9–12) · +3 more
Ownership in a business; equity investors share in profits and losses but are not promised repayment.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.2 (grade 7) · Personal Finance & Investing, Lesson 9.3 (grade 9–12) · +3 more
equity crowdfundingEnglish
Selling small ownership stakes to many investors, allowed in the United States under federal rules since 2016 with required disclosures.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
Selling small ownership stakes to many investors, allowed in the United States under federal rules since 2016 with required disclosures.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
equity financingEnglish
Selling a share of ownership in exchange for money; investors share in profits and losses but are not repaid like a loan.
Grade 8 Business & Finance, Lesson 6.2 (grade 8)
Selling a share of ownership in exchange for money; investors share in profits and losses but are not repaid like a loan.
Grade 8 Business & Finance, Lesson 6.2 (grade 8)
equity multiplier (leverage)English
Average total assets ÷ average equity: how much of the assets are financed with debt rather than equity.
Accounting, Lesson 9.2 (grade 9–12)
Average total assets ÷ average equity: how much of the assets are financed with debt rather than equity.
Accounting, Lesson 9.2 (grade 9–12)
equity REITEnglish
A REIT that owns and operates properties — offices, apartments, warehouses — earning rents for its shareholders.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
A REIT that owns and operates properties — offices, apartments, warehouses — earning rents for its shareholders.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
equity-indexed annuityEnglish
A fixed annuity whose credited interest follows a stock index, limited by a participation rate and a cap, with a guaranteed floor.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
A fixed annuity whose credited interest follows a stock index, limited by a participation rate and a cap, with a guaranteed floor.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
ERISAEnglish
The Employee Retirement Income Security Act of 1974: the federal law setting fiduciary, funding, vesting, disclosure and insurance standards for private-sector employee benefit plans.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
The Employee Retirement Income Security Act of 1974: the federal law setting fiduciary, funding, vesting, disclosure and insurance standards for private-sector employee benefit plans.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
erosionEnglish
The gradual wearing away of land by water, wind or ice, which reduces the owner’s land.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 2 Earth Science: The Earth's Surface, Lesson 6.2 (grade 2) · Grade 2 Earth Science: The Earth's Surface, Lesson 8.3 (grade 2) · +3 more
The gradual wearing away of land by water, wind or ice, which reduces the owner’s land.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 2 Earth Science: The Earth's Surface, Lesson 6.2 (grade 2) · Grade 2 Earth Science: The Earth's Surface, Lesson 8.3 (grade 2) · +3 more
error of omissionEnglish
Leaving a whole transaction out of the books. A trial balance cannot catch it, because both sides are missing.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
Leaving a whole transaction out of the books. A trial balance cannot catch it, because both sides are missing.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
errors and omissions (E&O) insuranceEnglish
Professional liability coverage that defends and pays when a client alleges the agent's mistake or oversight caused a loss — the agent's own shield.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
Professional liability coverage that defends and pays when a client alleges the agent's mistake or oversight caused a loss — the agent's own shield.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
errors and omissions (E&O) requirementEnglish
A state rule requiring licensees to carry professional liability insurance, as Idaho, Montana and Alaska do for active licensees.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
A state rule requiring licensees to carry professional liability insurance, as Idaho, Montana and Alaska do for active licensees.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
errors and omissions insurance (E&O)English
Professional liability coverage for professionals whose errors cause financial harm — insurance agents, accountants, architects, attorneys, real estate brokers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Professional liability coverage for professionals whose errors cause financial harm — insurance agents, accountants, architects, attorneys, real estate brokers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
escheatEnglish
The reversion of property to the state when an owner dies without a will and without heirs, or when property is abandoned as defined by state law.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The reversion of property to the state when an owner dies without a will and without heirs, or when property is abandoned as defined by state law.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
escrowEnglish
An account through which a mortgage lender collects part of the property tax and insurance with each monthly payment and pays the bills when due.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
An account through which a mortgage lender collects part of the property tax and insurance with each monthly payment and pays the bills when due.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
escrow agent (closing agent)English
A neutral third party who holds documents and funds, follows the parties’ written instructions and disburses money when every condition is met.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
A neutral third party who holds documents and funds, follows the parties’ written instructions and disburses money when every condition is met.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
escrow closing vs. table closingEnglish
In an escrow closing the parties deliver documents and funds to the escrow agent separately and need not meet; in a table (roundtable) closing all parties meet to sign and exchange documents and funds.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
In an escrow closing the parties deliver documents and funds to the escrow agent separately and need not meet; in a table (roundtable) closing all parties meet to sign and exchange documents and funds.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
escrow (impound) accountEnglish
An account the lender or servicer keeps to collect monthly shares of the borrower’s taxes and insurance and pay those bills when due.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
An account the lender or servicer keeps to collect monthly shares of the borrower’s taxes and insurance and pay those bills when due.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
escrow (impound) account cushionEnglish
The extra amount a servicer may hold in an escrow account beyond projected bills, limited by RESPA to one-sixth of the year’s estimated disbursements.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The extra amount a servicer may hold in an escrow account beyond projected bills, limited by RESPA to one-sixth of the year’s estimated disbursements.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
essential expensesEnglish
The costs a household cannot avoid: housing, food, utilities, transportation, insurance and minimum debt payments.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
The costs a household cannot avoid: housing, food, utilities, transportation, insurance and minimum debt payments.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
estateEnglish
Everything a person owns at death.
Personal Finance & Investing, Lesson 8.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
Everything a person owns at death.
Personal Finance & Investing, Lesson 8.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
estate at sufferanceEnglish
The lowest leasehold, held by a tenant who stays in possession after the lease ends without the landlord’s consent (a holdover tenant).
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
The lowest leasehold, held by a tenant who stays in possession after the lease ends without the landlord’s consent (a holdover tenant).
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
estate at willEnglish
A leasehold of indefinite duration that continues with the landlord’s consent and may be ended by either party with notice or by the death of either party.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
A leasehold of indefinite duration that continues with the landlord’s consent and may be ended by either party with notice or by the death of either party.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
estate for yearsEnglish
A leasehold for a definite period with a fixed beginning and end date — of any length, even less than a year — that ends automatically without notice.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
A leasehold for a definite period with a fixed beginning and end date — of any length, even less than a year — that ends automatically without notice.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
estimated taxEnglish
Tax paid during the year, usually quarterly, by people whose income has no withholding.
Personal Finance & Investing, Lesson 1.4 (grade 9–12)
Tax paid during the year, usually quarterly, by people whose income has no withholding.
Personal Finance & Investing, Lesson 1.4 (grade 9–12)
estoppelEnglish
A legal bar preventing a party from asserting a right after its own conduct led another to rely to his detriment on the opposite.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
A legal bar preventing a party from asserting a right after its own conduct led another to rely to his detriment on the opposite.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
Eurodollar bondEnglish
A bond denominated in U.S. dollars but issued and sold outside the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A bond denominated in U.S. dollars but issued and sold outside the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
evangelicalEnglish
A Bible-believing Christian of the Reformation churches who emphasizes the Bible, personal faith in Christ and spreading the gospel; many led reform movements in the 1800s.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
A Bible-believing Christian of the Reformation churches who emphasizes the Bible, personal faith in Christ and spreading the gospel; many led reform movements in the 1800s.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
eviction (unlawful detainer, forcible entry and detainer)English
The court process by which a landlord recovers possession of a rental from a tenant; its name varies by state.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
The court process by which a landlord recovers possession of a rental from a tenant; its name varies by state.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
evidenceEnglish
Facts that show something is true.
Grade 3 Business & Finance, Lesson 5.3 (grade 3) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.2 (grade 10) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 6.1 (grade 6) · +3 more
Facts that show something is true.
Grade 3 Business & Finance, Lesson 5.3 (grade 3) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.2 (grade 10) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 6.1 (grade 6) · +3 more
evidence of insurabilityEnglish
Proof of health, habits and occupation an insurer normally requires before issuing or increasing coverage — exactly what renewable and convertible features let the insured skip.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Proof of health, habits and occupation an insurer normally requires before issuing or increasing coverage — exactly what renewable and convertible features let the insured skip.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
evidence qualityEnglish
How trustworthy the source of a number is: audited or government, franchisor disclosure, trade survey, or vendor estimate.
Seven Small Businesses, Lesson 1.9 (grade 9–12)
How trustworthy the source of a number is: audited or government, franchisor disclosure, trade survey, or vendor estimate.
Seven Small Businesses, Lesson 1.9 (grade 9–12)
Exam Validity Extension Program (EVEP)English
NASAA’s program letting a passed exam stay valid up to five years instead of two, for those who enroll and complete continuing education, in participating states.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
NASAA’s program letting a passed exam stay valid up to five years instead of two, for those who enroll and complete continuing education, in participating states.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
excess capacityEnglish
Producing less than the output at which average total cost is lowest, as monopolistically competitive firms do in the long run.
Economics & the History of Money, Lesson 3.2 (grade 11–12)
Producing less than the output at which average total cost is lowest, as monopolistically competitive firms do in the long run.
Economics & the History of Money, Lesson 3.2 (grade 11–12)
excess liabilityEnglish
Coverage that begins paying only after an underlying limit is exhausted; the umbrella is excess over the scheduled underlying policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
Coverage that begins paying only after an underlying limit is exhausted; the umbrella is excess over the scheduled underlying policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
exchangeEnglish
A building or organization where traders meet to buy and sell large amounts of goods, such as grain or stocks.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
A building or organization where traders meet to buy and sell large amounts of goods, such as grain or stocks.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
exchange periodEnglish
The period ending on the earlier of the 180th day after the transfer or the due date, including extensions, of the tax return for that year, by which replacement property must be received.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
The period ending on the earlier of the 180th day after the transfer or the due date, including extensions, of the tax return for that year, by which replacement property must be received.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
exchange rateEnglish
The price of one currency in terms of another.
Economics & the History of Money, Lesson 10.2 (grade 11–12) · Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.3 (grade 7) · +3 more
The price of one currency in terms of another.
Economics & the History of Money, Lesson 10.2 (grade 11–12) · Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.3 (grade 7) · +3 more
exchange-traded fund (ETF)English
A fund whose shares trade on an exchange throughout the day like a stock; many ETFs follow indexes.
Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
A fund whose shares trade on an exchange throughout the day like a stock; many ETFs follow indexes.
Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
exchange-traded note (ETN)English
An unsecured debt obligation of a bank that promises the return of an index; it holds no portfolio, so the holder bears the issuer’s credit risk no matter how the index performs.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
An unsecured debt obligation of a bank that promises the return of an index; it holds no portfolio, so the holder bears the issuer’s credit risk no matter how the index performs.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
excise taxEnglish
A tax on a particular good, often a set amount per unit.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
A tax on a particular good, often a set amount per unit.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
exclusionEnglish
A risk the policy states it will not cover, such as war or, in older policies, aviation or a named hazardous occupation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12) · +2 more
A risk the policy states it will not cover, such as war or, in older policies, aviation or a named hazardous occupation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12) · +2 more
exclusion ratioEnglish
The fraction of each annuity payment that is untaxed return of the owner’s own money: investment in the contract divided by expected return.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
The fraction of each annuity payment that is untaxed return of the owner’s own money: investment in the contract divided by expected return.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
exclusive benefit ruleEnglish
A plan fiduciary must act solely in the interest of participants and beneficiaries, for the exclusive purpose of providing benefits and paying reasonable expenses.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
A plan fiduciary must act solely in the interest of participants and beneficiaries, for the exclusive purpose of providing benefits and paying reasonable expenses.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
exclusive buyer agency agreementEnglish
A buyer agreement under which the broker is compensated if the buyer buys any property of the type described during the term, however it is found.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A buyer agreement under which the broker is compensated if the buyer buys any property of the type described during the term, however it is found.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
exclusive remedyEnglish
The employer's side of the bargain: statutory benefits are ordinarily the employee's only recourse against the employer, who cannot be sued for negligence for a covered injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The employer's side of the bargain: statutory benefits are ordinarily the employee's only recourse against the employer, who cannot be sued for negligence for a covered injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
exclusive-agency buyer agreementEnglish
A buyer agreement under which the broker is the buyer’s only agent, but the buyer owes nothing if he finds a property entirely on his own.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A buyer agreement under which the broker is the buyer’s only agent, but the buyer owes nothing if he finds a property entirely on his own.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
exclusive-agency listingEnglish
A listing in which one broker is the only agent, but the owner may sell the property himself without owing a commission.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A listing in which one broker is the only agent, but the owner may sell the property himself without owing a commission.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
exclusive-right-to-sell listingEnglish
A listing in which one broker is owed the commission no matter who sells the property during the term, even the owner.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A listing in which one broker is owed the commission no matter who sells the property during the term, even the owner.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
ex-dividend dateEnglish
The first day a stock trades without its declared dividend; buy on or after it and the dividend belongs to the seller.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
The first day a stock trades without its declared dividend; buy on or after it and the dividend belongs to the seller.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
executed contractEnglish
A contract that has been fully performed by all parties; in everyday practice “executed” also means simply “signed.”
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract that has been fully performed by all parties; in everyday practice “executed” also means simply “signed.”
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
Executive Order 6102English
The order of April 5, 1933, requiring Americans to deliver most gold coin, bullion and gold certificates to the Federal Reserve at $20.67 an ounce.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
The order of April 5, 1933, requiring Americans to deliver most gold coin, bullion and gold certificates to the Federal Reserve at $20.67 an ounce.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
executorEnglish
The person named in a will to carry out its instructions.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
The person named in a will to carry out its instructions.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
executory contractEnglish
A contract in which something remains to be performed by one or both parties, such as a purchase agreement before closing.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract in which something remains to be performed by one or both parties, such as a purchase agreement before closing.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
exempt securityEnglish
A security excused from federal registration — such as U.S. government and municipal securities — though never from the antifraud rules.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
A security excused from federal registration — such as U.S. government and municipal securities — though never from the antifraud rules.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
exempt transactionEnglish
A sale excused because of HOW it occurs (isolated non-issuer sale, unsolicited order, institutional sale, private placement, fiduciary or pledgee sale), judged transaction by transaction.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
A sale excused because of HOW it occurs (isolated non-issuer sale, unsolicited order, institutional sale, private placement, fiduciary or pledgee sale), judged transaction by transaction.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
exemptionEnglish
A reduction in taxable value, or a complete exclusion from tax, allowed by law for certain owners or uses, such as a homestead, a senior or veteran, or a church or school.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
A reduction in taxable value, or a complete exclusion from tax, allowed by law for certain owners or uses, such as a homestead, a senior or veteran, or a church or school.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
exit strategyEnglish
The planned way to end or change an investment — sell, refinance, rent, or convert — including a backup if the first plan fails.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · +1 more
The planned way to end or change an investment — sell, refinance, rent, or convert — including a backup if the first plan fails.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12) · +1 more
expansionEnglish
A period when real GDP, employment and incomes are rising.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
A period when real GDP, employment and incomes are rising.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
expected lossEnglish
The average loss per period: the probability of a loss times its size.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Personal Finance & Investing, Lesson 5.1 (grade 9–12)
The average loss per period: the probability of a loss times its size.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Personal Finance & Investing, Lesson 5.1 (grade 9–12)
expected returnEnglish
The probability-weighted average of possible returns.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
The probability-weighted average of possible returns.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
expected valueEnglish
The average result of a decision if it could be repeated many times: each outcome times its probability, added up.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Personal Finance & Investing, Lesson 10.4 (grade 9–12) · Playing the Odds, Lesson 2.1 (grade 8–12)
The average result of a decision if it could be repeated many times: each outcome times its probability, added up.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Personal Finance & Investing, Lesson 10.4 (grade 9–12) · Playing the Odds, Lesson 2.1 (grade 8–12)
expenseEnglish
Money that goes out, to pay for things you buy or use.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Explore Crafts and Making · Ranger, Stop 4.8 (Ages 10–13) · Grade 5 Gardening & Animals, Lesson 4.1 (grade 5)
Money that goes out, to pay for things you buy or use.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Explore Crafts and Making · Ranger, Stop 4.8 (Ages 10–13) · Grade 5 Gardening & Animals, Lesson 4.1 (grade 5)
expense ratioEnglish
The yearly fee a fund charges, as a percent of the money invested.
Grade 8 Business & Finance, Lesson 8.2 (grade 8) · Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · +2 more
The yearly fee a fund charges, as a percent of the money invested.
Grade 8 Business & Finance, Lesson 8.2 (grade 8) · Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · +2 more
expensesEnglish
All the money a business spends to make and sell its goods.
Grade 3 Business & Finance, Lesson 7.3 (grade 3) · Grade 4 Business & Finance, Lesson 7.4 (grade 4) · Grade 5 Business & Finance, Lesson 7.2 (grade 5) · +2 more
All the money a business spends to make and sell its goods.
Grade 3 Business & Finance, Lesson 7.3 (grade 3) · Grade 4 Business & Finance, Lesson 7.4 (grade 4) · Grade 5 Business & Finance, Lesson 7.2 (grade 5) · +2 more
experience modification factorEnglish
A multiplier comparing an employer's actual losses with those expected for its class and size; below 1.00 lowers the premium, above 1.00 raises it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
A multiplier comparing an employer's actual losses with those expected for its class and size; below 1.00 lowers the premium, above 1.00 raises it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
experimentEnglish
A careful test to find out what works best.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 2 Cooking & Food, Lesson 1.2 (grade 2) · Explore Animals · Expert, Stop 5.9 (Ages 14+) · +3 more
A careful test to find out what works best.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 2 Cooking & Food, Lesson 1.2 (grade 2) · Explore Animals · Expert, Stop 5.9 (Ages 14+) · +3 more
exportEnglish
A good sent out of a country to be sold somewhere else.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
A good sent out of a country to be sold somewhere else.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
express authorityEnglish
Authority explicitly granted to the agent in writing, usually in the agency (agent’s) contract with the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
Authority explicitly granted to the agent in writing, usually in the agency (agent’s) contract with the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
extended reporting period (tail)English
A window after a claims-made policy ends during which claims for prior covered injuries may still be reported — a basic tail is automatic, and a broader supplemental tail can be bought by endorsement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
A window after a claims-made policy ends during which claims for prior covered injuries may still be reported — a basic tail is automatic, and a broader supplemental tail can be bought by endorsement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
extended term insuranceEnglish
Using the cash value as a single premium to buy term insurance for the full original face amount for as long as the value will carry it — usually the automatic option.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Using the cash value as a single premium to buy term insurance for the full original face amount for as long as the value will carry it — usually the automatic option.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
extended warrantyEnglish
A service contract sold separately to cover repairs after the manufacturer’s warranty ends.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
A service contract sold separately to cover repairs after the manufacturer’s warranty ends.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
extendingEnglish
Carrying each adjusted balance across to the income statement or balance sheet columns of the worksheet.
Accounting, Lesson 3.3 (grade 9–12)
Carrying each adjusted balance across to the income statement or balance sheet columns of the worksheet.
Accounting, Lesson 3.3 (grade 9–12)
extent of the marketEnglish
Smith’s phrase for the size of the market a producer can reach, which limits how far specialization can go.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.3 (grade 7)
Smith’s phrase for the size of the market a producer can reach, which limits how far specialization can go.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.3 (grade 7)
external (economic) obsolescenceEnglish
Loss in value from causes outside the property, such as noise, traffic, nearby nuisances or a declining market; incurable by the owner.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
Loss in value from causes outside the property, such as noise, traffic, nearby nuisances or a declining market; incurable by the owner.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
externalityEnglish
A cost or benefit that falls on people outside a trade, such as smoke from a factory falling on its neighbors.
Grade 8 Business & Finance, Lesson 3.4 (grade 8)
A cost or benefit that falls on people outside a trade, such as smoke from a factory falling on its neighbors.
Grade 8 Business & Finance, Lesson 3.4 (grade 8)
externality (spillover)English
A cost or benefit of an activity that falls on people outside the transaction.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
A cost or benefit of an activity that falls on people outside the transaction.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
extra expense coverageEnglish
Coverage for costs beyond normal operating expenses — renting temporary quarters, overtime, expediting equipment — paid to keep the business running or shorten the shutdown.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
Coverage for costs beyond normal operating expenses — renting temporary quarters, overtime, expediting equipment — paid to keep the business running or shorten the shutdown.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
F
face (par) valueEnglish
The amount repaid at maturity, on which the stated interest is computed.
Accounting, Lesson 7.5 (grade 9–12)
The amount repaid at maturity, on which the stated interest is computed.
Accounting, Lesson 7.5 (grade 9–12)
face valueEnglish
The value printed on a coin or bill, such as 25¢.
Grade 5 Business & Finance, Lesson 2.2 (grade 5) · Grade 6 Business & Finance, Lesson 8.3 (grade 6)
The value printed on a coin or bill, such as 25¢.
Grade 5 Business & Finance, Lesson 2.2 (grade 5) · Grade 6 Business & Finance, Lesson 8.3 (grade 6)
face value (par)English
The amount the issuer promises to repay at maturity, often $1,000.
Personal Finance & Investing, Lesson 7.3 (grade 9–12)
The amount the issuer promises to repay at maturity, often $1,000.
Personal Finance & Investing, Lesson 7.3 (grade 9–12)
factors of productionEnglish
The resources a business combines: land (natural resources), labor, capital (tools and buildings) and entrepreneurship.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 1.1 (grade 6)
The resources a business combines: land (natural resources), labor, capital (tools and buildings) and entrepreneurship.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 1.1 (grade 6)
factoryEnglish
A building where many workers and machines make goods.
Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K) · Threads & Weaving, Lesson 1.4 (grade 9–12)
A building where many workers and machines make goods.
Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K) · Threads & Weaving, Lesson 1.4 (grade 9–12)
Factory ActEnglish
Any of a series of British laws, beginning in earnest in 1833, that limited working hours for children, young people and later women in factories, and required inspection and safety.
Grade 6 Business & Finance, Lesson 5.2 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
Any of a series of British laws, beginning in earnest in 1833, that limited working hours for children, young people and later women in factories, and required inspection and safety.
Grade 6 Business & Finance, Lesson 5.2 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
Factory Act of 1833English
The British law that banned the employment of children under 9 in most textile mills, limited the hours of older children and created factory inspectors.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
The British law that banned the employment of children under 9 in most textile mills, limited the hours of older children and created factory inspectors.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
Factory ActsEnglish
Laws passed in Britain from 1833 onward that limited the ages and hours of children and young people in factories and required inspectors.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
Laws passed in Britain from 1833 onward that limited the ages and hours of children and young people in factories and required inspectors.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
factory inspectorEnglish
An official appointed to visit factories, check that the law was obeyed and bring cases against owners who broke it.
Grade 6 Business & Finance, Lesson 5.2 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
An official appointed to visit factories, check that the law was obeyed and bring cases against owners who broke it.
Grade 6 Business & Finance, Lesson 5.2 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
factory systemEnglish
Organizing production in a central building where workers tend power-driven machines under supervision and set hours.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.2 (grade 6) · Textile Science & Clothing Construction, Lesson 4.2 (grade 9–12)
Organizing production in a central building where workers tend power-driven machines under supervision and set hours.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.2 (grade 6) · Textile Science & Clothing Construction, Lesson 4.2 (grade 9–12)
FAFSAEnglish
The Free Application for Federal Student Aid, used to apply for federal grants, work-study and loans.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
The Free Application for Federal Student Aid, used to apply for federal grants, work-study and loans.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
failEnglish
When a business loses so much money that it must close.
Grade 2 Business & Finance, Lesson 4.2 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K)
When a business loses so much money that it must close.
Grade 2 Business & Finance, Lesson 4.2 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K)
failure to maintain underlyingEnglish
If the insured lets a required underlying limit lapse or drop, the umbrella still pays only as if the required underlying limit were in force — the insured absorbs the gap personally.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
If the insured lets a required underlying limit lapse or drop, the umbrella still pays only as if the required underlying limit were in force — the insured absorbs the gap personally.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
fairEnglish
A large market held at the same place at set times of the year, where merchants from far away came to trade.
Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Kindergarten Business & Finance, Lesson 5.1 (grade K) · Explore Crafts and Making · Ranger, Stop 4.7 (Ages 10–13) · +3 more
A large market held at the same place at set times of the year, where merchants from far away came to trade.
Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Kindergarten Business & Finance, Lesson 5.1 (grade K) · Explore Crafts and Making · Ranger, Stop 4.7 (Ages 10–13) · +3 more
Fair Credit Reporting Act (FCRA)English
The federal law requiring notice to applicants when consumer reports are used, consent for investigative reports, and disclosure and dispute rights when information causes adverse action.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The federal law requiring notice to applicants when consumer reports are used, consent for investigative reports, and disclosure and dispute rights when information causes adverse action.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
Fair Housing ActEnglish
Title VIII of the Civil Rights Act of 1968, as amended, which prohibits discrimination in the sale, rental, financing, brokerage and advertising of dwellings because of race, color, religion, national origin, sex, familial status or handicap.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
Title VIII of the Civil Rights Act of 1968, as amended, which prohibits discrimination in the sale, rental, financing, brokerage and advertising of dwellings because of race, color, religion, national origin, sex, familial status or handicap.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
fair housing testerEnglish
A person who poses as a home seeker to check whether housing providers treat people equally; the Supreme Court has held that a tester given false information may sue.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
A person who poses as a home seeker to check whether housing providers treat people equally; the Supreme Court has held that a tester given false information may sue.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Fair Labor Standards Act (FLSA)English
The 1938 U.S. law that set a national wage floor, a standard workweek with overtime pay, and limits on child labor.
Economics & the History of Money, Lesson 7.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.4 (grade 6)
The 1938 U.S. law that set a national wage floor, a standard workweek with overtime pay, and limits on child labor.
Economics & the History of Money, Lesson 7.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.4 (grade 6)
Fair Market Rent (FMR)English
HUD’s published estimate of gross rent (shelter plus utilities) at the 40th percentile of standard-quality units for recent movers, by area and bedroom count.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
HUD’s published estimate of gross rent (shelter plus utilities) at the 40th percentile of standard-quality units for recent movers, by area and bedroom count.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
fair priceEnglish
A price that pays the worker honestly for his time and costs and gives the customer good value.
Grade 4 Business & Finance, Lesson 9.2 (grade 4) · Kindergarten Business & Finance, Lesson 9.3 (grade K)
A price that pays the worker honestly for his time and costs and gives the customer good value.
Grade 4 Business & Finance, Lesson 9.2 (grade 4) · Kindergarten Business & Finance, Lesson 9.3 (grade K)
fair rental valueEnglish
Dwelling-program coverage paying the landlord the rent lost while a covered loss makes the property unfit to rent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
Dwelling-program coverage paying the landlord the rent lost while a covered loss makes the property unfit to rent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
fair rental value (loss of rents)English
Coverage that replaces rent lost while a covered loss makes the rental unfit to occupy, up to a limit or a period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
Coverage that replaces rent lost while a covered loss makes the rental unfit to occupy, up to a limit or a period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
faithfulEnglish
Steady, loyal and trustworthy in doing what you promised.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
Steady, loyal and trustworthy in doing what you promised.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
false advertisingEnglish
Advertising that tells lies or tricks people about a product.
Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Advertising that tells lies or tricks people about a product.
Grade 4 Business & Finance, Lesson 6.3 (grade 4) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
familial statusEnglish
The presence of one or more children under 18 living with a parent, legal custodian or their designee — including a pregnant woman and a person securing legal custody of a child.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
The presence of one or more children under 18 living with a parent, legal custodian or their designee — including a pregnant woman and a person securing legal custody of a child.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
family memberEnglish
A person related to the named insured by blood, marriage or adoption who is a resident of the household, including a ward or foster child.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
A person related to the named insured by blood, marriage or adoption who is a resident of the household, including a ward or foster child.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
famineEnglish
A time when there is not enough food because the crops do not grow.
Kindergarten Business & Finance, Lesson 8.2 (grade K) · Grade 5 Cooking & Food, Lesson 8.2 (grade 5)
A time when there is not enough food because the crops do not grow.
Kindergarten Business & Finance, Lesson 8.2 (grade K) · Grade 5 Cooking & Food, Lesson 8.2 (grade 5)
Fannie Mae and Freddie MacEnglish
Government-sponsored enterprises (1938 and 1970) that buy conforming loans from lenders and pool them into mortgage-backed securities they guarantee.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
Government-sponsored enterprises (1938 and 1970) that buy conforming loans from lenders and pool them into mortgage-backed securities they guarantee.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
fareEnglish
The price a passenger pays to ride a boat, train or bus.
Grade 4 Business & Finance, Lesson 3.3 (grade 4)
The price a passenger pays to ride a boat, train or bus.
Grade 4 Business & Finance, Lesson 3.3 (grade 4)
FDICEnglish
The Federal Deposit Insurance Corporation, created in 1933, which insures deposits at member banks.
Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Personal Finance & Investing, Lesson 3.3 (grade 9–12)
The Federal Deposit Insurance Corporation, created in 1933, which insures deposits at member banks.
Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Personal Finance & Investing, Lesson 3.3 (grade 9–12)
federal covered adviserEnglish
An adviser registered with the SEC under the Advisers Act (generally the larger firms by assets under management), exempt from state registration though not from state antifraud authority.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
An adviser registered with the SEC under the Advisers Act (generally the larger firms by assets under management), exempt from state registration though not from state antifraud authority.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
federal covered securityEnglish
A security exempt from state registration under NSMIA — chiefly securities listed on a national exchange such as the NYSE or Nasdaq, and investment company shares registered under the Investment Company Act.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
A security exempt from state registration under NSMIA — chiefly securities listed on a national exchange such as the NYSE or Nasdaq, and investment company shares registered under the Investment Company Act.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
federal funds rateEnglish
The interest rate banks charge one another for overnight loans of reserves; the Fed’s main policy target.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.4 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
The interest rate banks charge one another for overnight loans of reserves; the Fed’s main policy target.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.4 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
Federal Open Market Committee (FOMC)English
The Fed committee (the seven Governors and five Reserve Bank presidents) that sets monetary policy.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
The Fed committee (the seven Governors and five Reserve Bank presidents) that sets monetary policy.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
Federal ReserveEnglish
The central bank of the United States, started in 1913; it is a bank for banks and helps keep the country’s money steady.
Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.4 (grade 4)
The central bank of the United States, started in 1913; it is a bank for banks and helps keep the country’s money steady.
Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.4 (grade 4)
Federal Reserve noteEnglish
The paper currency issued by the Federal Reserve Banks, today’s dollar bill.
Economics & the History of Money, Lesson 5.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.4 (grade 3)
The paper currency issued by the Federal Reserve Banks, today’s dollar bill.
Economics & the History of Money, Lesson 5.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.4 (grade 3)
Federal Reserve SystemEnglish
The central bank of the United States, created in 1913: a Board in Washington and twelve regional Reserve Banks.
Economics & the History of Money, Lesson 5.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
The central bank of the United States, created in 1913: a Board in Washington and twelve regional Reserve Banks.
Economics & the History of Money, Lesson 5.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
federally related mortgage loanEnglish
A loan secured by a first or subordinate lien on one-to-four-family residential property made by a federally regulated or insured lender, or insured, guaranteed or sold to a federal agency or Fannie Mae or Freddie Mac — nearly every home loan.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
A loan secured by a first or subordinate lien on one-to-four-family residential property made by a federally regulated or insured lender, or insured, guaranteed or sold to a federal agency or Fannie Mae or Freddie Mac — nearly every home loan.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
federally related transactionEnglish
A real estate transaction that a federal financial institution regulator or agency engages in, contracts for or regulates, and that requires an appraisal under FIRREA.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
A real estate transaction that a federal financial institution regulator or agency engages in, contracts for or regulates, and that requires an appraisal under FIRREA.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
federationEnglish
A union of separate organizations that keep their own leaders but work together, like the American Federation of Labor.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
A union of separate organizations that keep their own leaders but work together, like the American Federation of Labor.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
fee simple absoluteEnglish
The highest and most complete estate recognized by law, unlimited in duration, freely transferable and inheritable; also called fee simple or fee.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
The highest and most complete estate recognized by law, unlimited in duration, freely transferable and inheritable; also called fee simple or fee.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
fee simple determinableEnglish
A defeasible fee that ends automatically if a stated condition is violated, created by words such as “so long as,” “while” or “during”; the grantor holds a possibility of reverter.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
A defeasible fee that ends automatically if a stated condition is violated, created by words such as “so long as,” “while” or “during”; the grantor holds a possibility of reverter.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
fee simple subject to a condition subsequentEnglish
A defeasible fee created by words such as “but if,” “provided that” or “on condition that”; if the condition is broken, the grantor must act to retake the property through a right of re-entry (power of termination).
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
A defeasible fee created by words such as “but if,” “provided that” or “on condition that”; if the condition is broken, the grantor must act to retake the property through a right of re-entry (power of termination).
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
feedbackEnglish
What customers or testers tell you about your product, both good and bad.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · Grade 5 Business & Finance, Lesson 6.2 (grade 5) · +3 more
What customers or testers tell you about your product, both good and bad.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · Grade 5 Business & Finance, Lesson 6.2 (grade 5) · +3 more
fee-only adviserEnglish
An adviser compensated solely by client fees, accepting no commissions or third-party payments.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
An adviser compensated solely by client fees, accepting no commissions or third-party payments.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
fellow-servant ruleEnglish
The old common-law defense that barred a worker's suit when a co-worker's negligence caused the injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The old common-law defense that barred a worker's suit when a co-worker's negligence caused the injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
FHA loanEnglish
A mortgage insured by the Federal Housing Administration, part of HUD, allowing small down payments on one- to four-unit homes the borrower occupies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
A mortgage insured by the Federal Housing Administration, part of HUD, allowing small down payments on one- to four-unit homes the borrower occupies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
FHA-insured loanEnglish
A loan made by an approved private lender and insured by the Federal Housing Administration, part of HUD, against loss on default.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
A loan made by an approved private lender and insured by the Federal Housing Administration, part of HUD, against loss on default.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
fiat moneyEnglish
Money that is not convertible into a commodity; its value rests on law (legal tender) and on public trust.
Economics & the History of Money, Lesson 6.3 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.4 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
Money that is not convertible into a commodity; its value rests on law (legal tender) and on public trust.
Economics & the History of Money, Lesson 6.3 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.4 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
FICAEnglish
The Federal Insurance Contributions Act taxes for Social Security and Medicare, taken from wages and matched by the employer.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
The Federal Insurance Contributions Act taxes for Social Security and Medicare, taken from wages and matched by the employer.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
FICA taxesEnglish
Social Security (6.2% on wages up to an annual limit) and Medicare (1.45% on all wages), paid by both the employee (withheld) and the employer (matched).
Accounting, Lesson 7.4 (grade 9–12)
Social Security (6.2% on wages up to an annual limit) and Medicare (1.45% on all wages), paid by both the employee (withheld) and the employer (matched).
Accounting, Lesson 7.4 (grade 9–12)
fidelity bondEnglish
Coverage protecting an employer against dishonest acts of its own employees — theft of money, securities or other property; today commonly written as employee theft coverage in a commercial crime policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Coverage protecting an employer against dishonest acts of its own employees — theft of money, securities or other property; today commonly written as employee theft coverage in a commercial crime policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
fiduciaryEnglish
A person in a position of trust and confidence who must act in another’s best interest; a real estate agent is a fiduciary of the client.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
A person in a position of trust and confidence who must act in another’s best interest; a real estate agent is a fiduciary of the client.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
fiduciary attitudeEnglish
Treating the customer’s interest as if it were in your care, as a trustee would.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
Treating the customer’s interest as if it were in your care, as a trustee would.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
field underwriterEnglish
The agent, as the first underwriter: the only company representative who sees the applicant, asks the questions and observes what paper cannot show.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
The agent, as the first underwriter: the only company representative who sees the applicant, asks the questions and observes what paper cannot show.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
FIFO (first-in, first-out)English
Assumes the oldest goods are sold first; ending inventory consists of the most recent costs.
Accounting, Lesson 6.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
Assumes the oldest goods are sold first; ending inventory consists of the most recent costs.
Accounting, Lesson 6.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
fileEnglish
To put papers away in order so you can find them later.
Grade 2 Business & Finance, Lesson 7.4 (grade 2)
To put papers away in order so you can find them later.
Grade 2 Business & Finance, Lesson 7.4 (grade 2)
final expensesEnglish
The last costs a death creates — funeral, burial, final medical bills and estate settlement — sometimes called cleanup costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
The last costs a death creates — funeral, burial, final medical bills and estate settlement — sometimes called cleanup costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
final goodEnglish
A good bought by its end user, not used up in making something else; counting only final goods avoids double counting.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
A good bought by its end user, not used up in making something else; counting only final goods avoids double counting.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
final settlementEnglish
The payment to each partner of his share when a partnership ends.
Grade 7 Business & Finance, Lesson 9.4 (grade 7)
The payment to each partner of his share when a partnership ends.
Grade 7 Business & Finance, Lesson 9.4 (grade 7)
finance chargeEnglish
The total dollar cost of credit: all interest and fees over the life of the loan.
Personal Finance & Investing, Lesson 4.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The total dollar cost of credit: all interest and fees over the life of the loan.
Personal Finance & Investing, Lesson 4.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
financed properties limitEnglish
A lender’s cap on how many mortgaged properties a borrower may own and still qualify; Fannie Mae’s is ten under its automated underwriting, as of 2026.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
A lender’s cap on how many mortgaged properties a borrower may own and still qualify; Fannie Mae’s is ten under its automated underwriting, as of 2026.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
financed propertyEnglish
A one- to four-unit residential property on which the borrower is personally obligated on a mortgage, counted toward a lender’s limit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
A one- to four-unit residential property on which the borrower is personally obligated on a mortgage, counted toward a lender’s limit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
financial accountEnglish
Purchases and sales of assets across borders: stocks, bonds, loans, deposits and businesses.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
Purchases and sales of assets across borders: stocks, bonds, loans, deposits and businesses.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
financial goalEnglish
A specific, measurable target with an amount and a date, such as “save $3,000 for an emergency fund by June 2028.”
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
A specific, measurable target with an amount and a date, such as “save $3,000 for an emergency fund by June 2028.”
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
financial independence numberEnglish
The monthly or annual income from investments that would cover a household’s living costs without wages.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
The monthly or annual income from investments that would cover a household’s living costs without wages.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
financial planEnglish
A written plan covering income, giving, saving, spending, debt, insurance, investing and estate planning, with goals and steps.
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
A written plan covering income, giving, saving, spending, debt, insurance, investing and estate planning, with goals and steps.
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
financial responsibility lawEnglish
A state law requiring a driver to prove ability to pay for accidents — usually by insurance — after an accident or violation, or lose driving privileges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
A state law requiring a driver to prove ability to pay for accidents — usually by insurance — after an accident or violation, or lose driving privileges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
financial riskEnglish
The risk created by a company’s debt load: the more borrowed, the more surely trouble reaches the owners; largely avoidable by holding firms with little debt.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk created by a company’s debt load: the more borrowed, the more surely trouble reaches the owners; largely avoidable by holding firms with little debt.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
financial statementsEnglish
The formal reports of accounting: the income statement, the statement of owner’s equity, the balance sheet and the statement of cash flows.
Accounting, Lesson 1.5 (grade 9–12)
The formal reports of accounting: the income statement, the statement of owner’s equity, the balance sheet and the statement of cash flows.
Accounting, Lesson 1.5 (grade 9–12)
financierEnglish
A person who lends or invests money in a business.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · +1 more
A person who lends or invests money in a business.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · +1 more
financiersEnglish
The people who lend or invest the money: bankers, shareholders, partners.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
The people who lend or invest the money: bankers, shareholders, partners.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
financing activitiesEnglish
Cash from or to owners and lenders: owner investments and withdrawals, borrowing and repaying loans.
Accounting, Lesson 4.4 (grade 9–12)
Cash from or to owners and lenders: owner investments and withdrawals, borrowing and repaying loans.
Accounting, Lesson 4.4 (grade 9–12)
fine printEnglish
Detailed terms, often in small type, that set fees, limits, renewals and remedies.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
Detailed terms, often in small type, that set fees, limits, renewals and remedies.
Personal Finance & Investing, Lesson 9.5 (grade 9–12)
finenessEnglish
The share of pure precious metal in a coin or bar, often given in parts per thousand or carats.
Economics & the History of Money, Lesson 4.2 (grade 11–12)
The share of pure precious metal in a coin or bar, often given in parts per thousand or carats.
Economics & the History of Money, Lesson 4.2 (grade 11–12)
fingerprintingEnglish
The capture of a candidate's fingerprints for a criminal background check, required by most states before a license is issued.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
The capture of a candidate's fingerprints for a criminal background check, required by most states before a license is issued.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
fingerprinting and background checkEnglish
The identity and criminal-history screening most states require of license applicants.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12)
The identity and criminal-history screening most states require of license applicants.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12)
fire codeEnglish
Rules for buildings that require exits, fire escapes, sprinklers and other protections.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 5.3 (grade 5) · Grade 7 Business & Finance, Lesson 5.3 (grade 7)
Rules for buildings that require exits, fire escapes, sprinklers and other protections.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 5.3 (grade 5) · Grade 7 Business & Finance, Lesson 5.3 (grade 7)
fire markEnglish
A metal badge an insurer fastened to an insured building, announcing which company — and in early days, whose fire brigade — stood behind it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
A metal badge an insurer fastened to an insured building, announcing which company — and in early days, whose fire brigade — stood behind it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
FIRREAEnglish
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which among other things requires state-licensed or state-certified appraisers for federally related transactions above set thresholds.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which among other things requires state-licensed or state-certified appraisers for federally related transactions above set thresholds.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
first fruitsEnglish
In Scripture, the first and best part of the harvest given to God; a model for giving before spending.
Grade 8 Business & Finance, Lesson 9.4 (grade 8)
In Scripture, the first and best part of the harvest given to God; a model for giving before spending.
Grade 8 Business & Finance, Lesson 9.4 (grade 8)
firstfruitsEnglish
In Scripture, the first and best part of a harvest, given to God before using the rest (Proverbs 3:9).
Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Personal Finance & Investing, Lesson 2.3 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.8 (Ages 14+)
In Scripture, the first and best part of a harvest, given to God before using the rest (Proverbs 3:9).
Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Personal Finance & Investing, Lesson 2.3 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.8 (Ages 14+)
first-year commission (FYC)English
The commission on a life policy's first-year premium — commonly a large percentage, often 40% to 100% or more depending on product and contract, in example terms.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The commission on a life policy's first-year premium — commonly a large percentage, often 40% to 100% or more depending on product and contract, in example terms.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
fiscal policyEnglish
The use of government taxing and spending to influence the economy; set by Congress and the President, not the Federal Reserve.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
The use of government taxing and spending to influence the economy; set by Congress and the President, not the Federal Reserve.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
five C’s of creditEnglish
What lenders weigh: character, capacity (ability to repay), capital (owner’s own stake), collateral and conditions.
Entrepreneurship & Sales, Lesson 5.2 (grade 9–12)
What lenders weigh: character, capacity (ability to repay), capital (owner’s own stake), collateral and conditions.
Entrepreneurship & Sales, Lesson 5.2 (grade 9–12)
five whysEnglish
Asking “why?” repeatedly (about five times) to find the root cause of a problem.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 10.4 (grade 9–12)
Asking “why?” repeatedly (about five times) to find the root cause of a problem.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 10.4 (grade 9–12)
fix-and-flipEnglish
Buying a property that needs work, renovating it and reselling it for a one-time profit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
Buying a property that needs work, renovating it and reselling it for a one-time profit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
fixed and variable expensesEnglish
Fixed expenses stay the same each month (rent, insurance); variable expenses change (groceries, fuel, entertainment).
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
Fixed expenses stay the same each month (rent, insurance); variable expenses change (groceries, fuel, entertainment).
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
fixed annuityEnglish
An annuity paying guaranteed interest from the insurer’s general account, with payments of fixed dollar amounts; the insurer bears the investment risk.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
An annuity paying guaranteed interest from the insurer’s general account, with payments of fixed dollar amounts; the insurer bears the investment risk.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
fixed costEnglish
A cost that stays the same in total within a range of activity (rent, salaries, insurance, depreciation).
Accounting, Lesson 10.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.4 (grade 5) · Grade 7 Business & Finance, Lesson 3.3 (grade 7) · +3 more
A cost that stays the same in total within a range of activity (rent, salaries, insurance, depreciation).
Accounting, Lesson 10.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.4 (grade 5) · Grade 7 Business & Finance, Lesson 3.3 (grade 7) · +3 more
fixed costsEnglish
Costs that do not change with the amount produced over a period: rent, insurance, salaries, equipment payments.
Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 3.4 (grade 6)
Costs that do not change with the amount produced over a period: rent, insurance, salaries, equipment payments.
Entrepreneurship & Sales, Lesson 4.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 3.4 (grade 6)
fixed costs and variable costsEnglish
Fixed costs stay the same however much you sell (tools, a booth fee); variable costs rise with each unit you make (ingredients, materials).
Grade 6 Business & Finance, Lesson 6.1 (grade 6)
Fixed costs stay the same however much you sell (tools, a booth fee); variable costs rise with each unit you make (ingredients, materials).
Grade 6 Business & Finance, Lesson 6.1 (grade 6)
fixed exchange rateEnglish
An exchange rate that governments promise to hold steady, buying or selling their money to keep it there.
Grade 7 Business & Finance, Lesson 2.3 (grade 7)
An exchange rate that governments promise to hold steady, buying or selling their money to keep it there.
Grade 7 Business & Finance, Lesson 2.3 (grade 7)
fixed priceEnglish
A price that is the same for every customer and marked on the item.
Grade 2 Business & Finance, Lesson 6.4 (grade 2) · Grade 3 Business & Finance, Lesson 6.4 (grade 3) · Grade 4 Business & Finance, Lesson 6.2 (grade 4) · +2 more
A price that is the same for every customer and marked on the item.
Grade 2 Business & Finance, Lesson 6.4 (grade 2) · Grade 3 Business & Finance, Lesson 6.4 (grade 3) · Grade 4 Business & Finance, Lesson 6.2 (grade 4) · +2 more
fixed-term leaseEnglish
A lease for a set period with a stated start and end date, such as a three-month furnished lease.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
A lease for a set period with a stated start and end date, such as a three-month furnished lease.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
fixtureEnglish
An item that was once personal property but has been so attached to or adapted for the real estate that the law treats it as part of the real property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
An item that was once personal property but has been so attached to or adapted for the real estate that the law treats it as part of the real property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
flaggingEnglish
Marking a question on a computer-based exam to return to it later before submitting.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
Marking a question on a computer-based exam to return to it later before submitting.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
flakeEnglish
A thin, flat little piece of something.
Grade 1 Business & Finance, Lesson 4.3 (grade 1) · Grade 5 Cooking & Food, Lesson 7.2 (grade 5)
A thin, flat little piece of something.
Grade 1 Business & Finance, Lesson 4.3 (grade 1) · Grade 5 Cooking & Food, Lesson 7.2 (grade 5)
flexible budgetEnglish
A budget adjusted to the actual level of activity, so costs can be fairly compared with what they should have been at that volume.
Accounting, Lesson 10.3 (grade 9–12)
A budget adjusted to the actual level of activity, so costs can be fairly compared with what they should have been at that volume.
Accounting, Lesson 10.3 (grade 9–12)
flexible premiumEnglish
The UL owner’s right to raise, lower or skip premiums, so long as the cash value can carry the monthly charges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The UL owner’s right to raise, lower or skip premiums, so long as the cash value can carry the monthly charges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
flexible spending account (FSA)English
An employer-sponsored account funded by pre-tax salary for medical expenses, subject to annual limits and a use-it-or-lose-it rule softened only by small carryover or grace-period allowances.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
An employer-sponsored account funded by pre-tax salary for medical expenses, subject to annual limits and a use-it-or-lose-it rule softened only by small carryover or grace-period allowances.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
flip-grade finishEnglish
Finishes chosen to match what buyers expect in the neighborhood’s recently sold, renovated comparable homes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
Finishes chosen to match what buyers expect in the neighborhood’s recently sold, renovated comparable homes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
floatEnglish
The small amount of change kept in the cash box at the start of each selling day.
Grade 8 Business & Finance, Lesson 9.2 (grade 8) · Grade 2 Earth Science: The Earth's Surface, Lesson 2.3 (grade 2) · Grade 2 Earth Science: The Earth's Surface, Lesson 5.3 (grade 2) · +3 more
The small amount of change kept in the cash box at the start of each selling day.
Grade 8 Business & Finance, Lesson 9.2 (grade 8) · Grade 2 Earth Science: The Earth's Surface, Lesson 2.3 (grade 2) · Grade 2 Earth Science: The Earth's Surface, Lesson 5.3 (grade 2) · +3 more
floating exchange rateEnglish
An exchange rate set by supply and demand in the currency market rather than fixed by a central bank.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
An exchange rate set by supply and demand in the currency market rather than fixed by a central bank.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
floodEnglish
Rising surface water, mudflow or overflow of a body of water — excluded by homeowners forms and insured through the NFIP or private flood policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 2.4 (grade 1) · Grade 4 Earth Science: Weather and Water, Lesson 6.1 (grade 4) · +2 more
Rising surface water, mudflow or overflow of a body of water — excluded by homeowners forms and insured through the NFIP or private flood policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 2.4 (grade 1) · Grade 4 Earth Science: Weather and Water, Lesson 6.1 (grade 4) · +2 more
floor-area ratio (FAR)English
The total floor area of a building divided by the area of its lot.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
The total floor area of a building divided by the area of its lot.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
florinEnglish
The gold coin of Florence, first struck in 1252, about 3.5 grams of nearly pure gold.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
The gold coin of Florence, first struck in 1252, about 3.5 grams of nearly pure gold.
Economics & the History of Money, Lesson 4.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
flow-throughEnglish
Tax treatment in which an entity pays no tax itself and passes income and losses directly to its owners, as partnerships do.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
Tax treatment in which an entity pays no tax itself and passes income and losses directly to its owners, as partnerships do.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
FNMA and FHLMCEnglish
Fannie Mae and Freddie Mac, government-sponsored enterprises whose securities are NOT backed by the full faith and credit of the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Fannie Mae and Freddie Mac, government-sponsored enterprises whose securities are NOT backed by the full faith and credit of the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
FOMCEnglish
The Federal Open Market Committee, the Fed body that directs open market operations; its twelve voting members are the seven governors, the president of the New York Fed, and four other regional bank presidents in rotation.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
The Federal Open Market Committee, the Fed body that directs open market operations; its twelve voting members are the seven governors, the president of the New York Fed, and four other regional bank presidents in rotation.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
food costEnglish
The cost of the ingredients and supplies in one item sold.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
The cost of the ingredients and supplies in one item sold.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
footingEnglish
Adding a column of numbers; the total is written in small figures beneath it.
Accounting, Lesson 2.4 (grade 9–12) · Shop & Trades, Lesson 4.1 (grade 9–12)
Adding a column of numbers; the total is written in small figures beneath it.
Accounting, Lesson 2.4 (grade 9–12) · Shop & Trades, Lesson 4.1 (grade 9–12)
forced appreciationEnglish
An increase in value the owner creates by improving the property or its income, such as renovating, adding a bedroom or raising rents to market.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
An increase in value the owner creates by improving the property or its income, such as renovating, adding a bedroom or raising rents to market.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
foreclosureEnglish
The legal process by which a lender takes and sells a property to recover a loan the borrower has failed to repay.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
The legal process by which a lender takes and sells a property to recover a loan the borrower has failed to repay.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
foreclosure auctionEnglish
A public sale of a property to satisfy a defaulted loan, often requiring cash or certified funds, with no inspection and limited title assurance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
A public sale of a property to satisfy a defaulted loan, often requiring cash or certified funds, with no inspection and limited title assurance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
foreign insurerEnglish
An insurer doing business in one state but incorporated in another state — foreign means out-of-state, not out-of-country.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
An insurer doing business in one state but incorporated in another state — foreign means out-of-state, not out-of-country.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
forensic accountingEnglish
Investigating financial records for evidence of fraud or for legal disputes.
Accounting, Lesson 9.5 (grade 9–12)
Investigating financial records for evidence of fraud or for legal disputes.
Accounting, Lesson 9.5 (grade 9–12)
forfeitureEnglish
The loss of a defaulting vendee’s rights and payments under an installment contract, subject to the notice and cure protections of state law.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
The loss of a defaulting vendee’s rights and payments under an installment contract, subject to the notice and cure protections of state law.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
Form 1099-SEnglish
The federal information return on which the settlement agent reports the seller’s gross proceeds from a real estate sale to the Internal Revenue Service.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
The federal information return on which the settlement agent reports the seller’s gross proceeds from a real estate sale to the Internal Revenue Service.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
Form 10-KEnglish
The detailed annual report that U.S. public companies must file with the Securities and Exchange Commission; it is free to read on the SEC’s EDGAR website.
Accounting, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
The detailed annual report that U.S. public companies must file with the Securities and Exchange Commission; it is free to read on the SEC’s EDGAR website.
Accounting, Lesson 4.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
Form 10-QEnglish
A corporation’s quarterly report filed with the SEC, containing unaudited financial statements; filed for each of the first three quarters.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
A corporation’s quarterly report filed with the SEC, containing unaudited financial statements; filed for each of the first three quarters.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
Form 8-KEnglish
A current report filed with the SEC within four business days of a major event, such as a merger, a bankruptcy, a change of auditors or the departure of a top officer.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
A current report filed with the SEC within four business days of a major event, such as a merger, a bankruptcy, a change of auditors or the departure of a top officer.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
Form ADVEnglish
The uniform application for investment adviser registration: Part 1 is data for regulators, Part 2A is the plain-English client brochure, Part 2B covers the individuals, and Part 3 (Form CRS) is the short relationship summary used by SEC registrants with retail investors.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
The uniform application for investment adviser registration: Part 1 is data for regulators, Part 2A is the plain-English client brochure, Part 2B covers the individuals, and Part 3 (Form CRS) is the short relationship summary used by SEC registrants with retail investors.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
Form U10English
The form an individual without a sponsoring firm uses to enroll for the exam; firm-sponsored candidates enroll through Form U4.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The form an individual without a sponsoring firm uses to enroll for the exam; firm-sponsored candidates enroll through Form U4.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
Form U4English
The uniform application that registers an individual — agent or IAR — through a firm, carrying personal history and disclosure questions.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
The uniform application that registers an individual — agent or IAR — through a firm, carrying personal history and disclosure questions.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
Form U5English
The uniform termination notice filed when an individual leaves a firm, due within 30 days of termination.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
The uniform termination notice filed when an individual leaves a firm, due within 30 days of termination.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
Form W-4English
The form a new employee fills out so the employer knows how much federal income tax to withhold.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
The form a new employee fills out so the employer knows how much federal income tax to withhold.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
forward pricingEnglish
The rule that every purchase or redemption order is filled at the next NAV to be computed, not the last one printed.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
The rule that every purchase or redemption order is filled at the next NAV to be computed, not the last one printed.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
foundationEnglish
A fund of money or property set aside permanently, whose income is used for a charitable purpose.
Grade 8 Business & Finance, Lesson 4.1 (grade 8) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 2.4 (grade 1) · Grade 2 Earth Science: The Earth's Surface, Lesson 3.3 (grade 2) · +3 more
A fund of money or property set aside permanently, whose income is used for a charitable purpose.
Grade 8 Business & Finance, Lesson 4.1 (grade 8) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 2.4 (grade 1) · Grade 2 Earth Science: The Earth's Surface, Lesson 3.3 (grade 2) · +3 more
four unitiesEnglish
The requirements for joint tenancy: unity of possession, interest, time and title (PITT).
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
The requirements for joint tenancy: unity of possession, interest, time and title (PITT).
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
four-column (balance-form) accountEnglish
A ledger account with columns for Date, Item, PR, Debit, Credit, and Balance (debit balance and credit balance), so a running balance is shown after every posting.
Accounting, Lesson 2.3 (grade 9–12)
A ledger account with columns for Date, Item, PR, Debit, Credit, and Balance (debit balance and credit balance), so a running balance is shown after every posting.
Accounting, Lesson 2.3 (grade 9–12)
fractional reservesEnglish
The practice of keeping only part of depositors’ money on hand in the bank and lending out the rest.
Grade 6 Business & Finance, Lesson 2.3 (grade 6)
The practice of keeping only part of depositors’ money on hand in the bank and lending out the rest.
Grade 6 Business & Finance, Lesson 2.3 (grade 6)
fractional-reserve bankingEnglish
A system in which banks keep only a fraction of deposits as reserves and lend the rest.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
A system in which banks keep only a fraction of deposits as reserves and lend the rest.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 8.3 (grade 7) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
franchiseEnglish
An arrangement in which an owner pays to use a company’s name, system and support to run his own location.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8) · Seven Small Businesses, Lesson 1.6 (grade 9–12)
An arrangement in which an owner pays to use a company’s name, system and support to run his own location.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8) · Seven Small Businesses, Lesson 1.6 (grade 9–12)
Franchise Disclosure Document (FDD)English
The document a franchisor must give a buyer under the Federal Trade Commission’s Franchise Rule. It has 23 numbered Items.
Seven Small Businesses, Lesson 1.1 (grade 9–12)
The document a franchisor must give a buyer under the Federal Trade Commission’s Franchise Rule. It has 23 numbered Items.
Seven Small Businesses, Lesson 1.1 (grade 9–12)
fraternal benefit societyEnglish
A nonprofit lodge or society — often church-connected — that provides insurance benefits to its members; a living reminder of insurance’s mutual-aid roots.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
A nonprofit lodge or society — often church-connected — that provides insurance benefits to its members; a living reminder of insurance’s mutual-aid roots.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
fraudEnglish
An intentional misrepresentation or concealment of a material fact, made to deceive and relied upon by the other party to its injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
An intentional misrepresentation or concealment of a material fact, made to deceive and relied upon by the other party to its injury.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
fraud triangleEnglish
Three conditions usually present when fraud occurs: pressure (a financial need), opportunity (weak controls) and rationalization (an excuse).
Accounting, Lesson 5.3 (grade 9–12)
Three conditions usually present when fraud occurs: pressure (a financial need), opportunity (weak controls) and rationalization (an excuse).
Accounting, Lesson 5.3 (grade 9–12)
fraud warningEnglish
The statement on applications and claim forms that knowingly false statements are a crime and may void coverage — required in most states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The statement on applications and claim forms that knowingly false statements are a crime and may void coverage — required in most states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
fraudulent financial reportingEnglish
Deliberately misstating financial statements (inventing assets or revenue, hiding liabilities) to deceive investors or lenders.
Accounting, Lesson 5.4 (grade 9–12)
Deliberately misstating financial statements (inventing assets or revenue, hiding liabilities) to deceive investors or lenders.
Accounting, Lesson 5.4 (grade 9–12)
free and clearEnglish
Owned with no mortgage or other loan against it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
Owned with no mortgage or other loan against it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
free bankingEnglish
The period (about 1837–1863) when many states let anyone meeting set rules open a bank and issue notes.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
The period (about 1837–1863) when many states let anyone meeting set rules open a bank and issue notes.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
free lookEnglish
A period after delivery — commonly 10 days — during which the owner may return the policy for a full refund of premium, no reason required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
A period after delivery — commonly 10 days — during which the owner may return the policy for a full refund of premium, no reason required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
free riderEnglish
Someone who enjoys the benefit of others’ work or payment without contributing his share.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Economics & the History of Money, Lesson 8.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 3.2 (grade 7)
Someone who enjoys the benefit of others’ work or payment without contributing his share.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Economics & the History of Money, Lesson 8.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 3.2 (grade 7)
free tradeEnglish
Trade between countries without duties, quotas or other barriers.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
Trade between countries without duties, quotas or other barriers.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
freehold estateEnglish
An ownership estate of indeterminate duration — fee simple or life estate — as distinguished from a leasehold, which lasts for a set or terminable period.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
An ownership estate of indeterminate duration — fee simple or life estate — as distinguished from a leasehold, which lasts for a set or terminable period.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
freight coverageEnglish
Coverage for the shipping revenue the carrier loses if cargo is not delivered — the shipowner's income that stops.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
Coverage for the shipping revenue the carrier loses if cargo is not delivered — the shipowner's income that stops.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
freight-inEnglish
Shipping cost paid to bring purchased goods to the business; part of the cost of inventory.
Accounting, Lesson 6.3 (grade 9–12)
Shipping cost paid to bring purchased goods to the business; part of the cost of inventory.
Accounting, Lesson 6.3 (grade 9–12)
front footEnglish
A linear foot of a lot’s frontage along a street or water; frontage is listed first in a lot’s dimensions.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
A linear foot of a lot’s frontage along a street or water; frontage is listed first in a lot’s dimensions.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
front runningEnglish
Trading for one’s own account ahead of a known client order (or the firm’s pending research) to profit from the price move it will cause.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Trading for one’s own account ahead of a known client order (or the firm’s pending research) to profit from the price move it will cause.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
fructus naturalesEnglish
“Fruits of nature” — trees, perennial shrubs and grasses that grow without annual cultivation; they are part of the real property until severed.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
“Fruits of nature” — trees, perennial shrubs and grasses that grow without annual cultivation; they are part of the real property until severed.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
frugalityEnglish
Careful, sensible use of money and goods, avoiding waste.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
Careful, sensible use of money and goods, avoiding waste.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
fully amortized loanEnglish
A loan whose level payments are large enough to pay off the entire principal and interest by the end of the term, with no balloon.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
A loan whose level payments are large enough to pay off the entire principal and interest by the end of the term, with no balloon.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
fully amortizing loanEnglish
A loan whose regular payments cover interest and enough principal to repay the balance completely by the end of the term.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
A loan whose regular payments cover interest and enough principal to repay the balance completely by the end of the term.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
functional obsolescenceEnglish
Loss in value from poor design, outdated features or layout that the market no longer wants; may be curable or incurable.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
Loss in value from poor design, outdated features or layout that the market no longer wants; may be curable or incurable.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
fund accountingEnglish
Keeping separate accounts, called funds, for money given or set aside for different purposes.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
Keeping separate accounts, called funds, for money given or set aside for different purposes.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
fundamental analysisEnglish
Valuing a stock by studying the business itself — financial statements, earnings, dividends, management and industry — to estimate what a share is truly worth.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Valuing a stock by studying the business itself — financial statements, earnings, dividends, management and industry — to estimate what a share is truly worth.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
funded pensionEnglish
A pension paid from savings that a worker or employer set aside and invested over the working years.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
A pension paid from savings that a worker or employer set aside and invested over the working years.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
funding goalEnglish
The amount a campaign must raise to carry out its plan.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
The amount a campaign must raise to carry out its plan.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
furnished rentalEnglish
A dwelling rented with furniture, kitchenware, linens and usually utilities and internet included in the rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
A dwelling rented with furniture, kitchenware, linens and usually utilities and internet included in the rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
future value (FV)English
What a sum invested today will grow to by a future date at a given rate of compound interest.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
What a sum invested today will grow to by a future date at a given rate of compound interest.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
futures contractEnglish
A standardized, exchange-traded agreement to buy or sell a set quantity at a set price on a future date, guaranteed by a clearinghouse and marked to market daily; a forward is the same promise made privately and customized.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
A standardized, exchange-traded agreement to buy or sell a set quantity at a set price on a future date, guaranteed by a clearinghouse and marked to market daily; a forward is the same promise made privately and customized.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
G
GAAPEnglish
Generally accepted accounting principles: the common rules for preparing financial statements in the United States, set today by the Financial Accounting Standards Board (FASB, founded 1973).
Accounting, Lesson 1.5 (grade 9–12)
Generally accepted accounting principles: the common rules for preparing financial statements in the United States, set today by the Financial Accounting Standards Board (FASB, founded 1973).
Accounting, Lesson 1.5 (grade 9–12)
gain creatorEnglish
A feature that produces a benefit the customer wants.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
A feature that produces a benefit the customer wants.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
gain or loss on disposalEnglish
The difference between what is received for an asset and its book value when it is sold or scrapped.
Accounting, Lesson 7.1 (grade 9–12)
The difference between what is received for an asset and its book value when it is sold or scrapped.
Accounting, Lesson 7.1 (grade 9–12)
gains from tradeEnglish
The benefit both sides receive when each values what it gets more than what it gives up.
Grade 5 Business & Finance, Lesson 1.4 (grade 5) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +1 more
The benefit both sides receive when each values what it gets more than what it gives up.
Grade 5 Business & Finance, Lesson 1.4 (grade 5) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 7 Business & Finance, Lesson 1.4 (grade 7) · +1 more
gamblingEnglish
Risking money on a game of chance in hope of a gain that comes from others’ losses rather than from work or the creation of value.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
Risking money on a game of chance in hope of a gain that comes from others’ losses rather than from work or the creation of value.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
game theoryEnglish
The study of strategic choices in which each player’s best move depends on what others do.
Economics & the History of Money, Lesson 3.3 (grade 11–12)
The study of strategic choices in which each player’s best move depends on what others do.
Economics & the History of Money, Lesson 3.3 (grade 11–12)
gap (vacancy) daysEnglish
Days between one stay’s end and the next stay’s start when a furnished rental earns nothing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
Days between one stay’s end and the next stay’s start when a furnished rental earns nothing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
GDP deflatorEnglish
A price index equal to nominal GDP divided by real GDP, times 100.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
A price index equal to nominal GDP divided by real GDP, times 100.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
GDP per personEnglish
GDP divided by the number of people in the country; a rough measure of the average standard of living.
Grade 7 Business & Finance, Lesson 1.2 (grade 7)
GDP divided by the number of people in the country; a rough measure of the average standard of living.
Grade 7 Business & Finance, Lesson 1.2 (grade 7)
general account / separate accountEnglish
The insurer’s own invested assets backing guaranteed products, versus the walled-off account funding variable products, which is registered under the Investment Company Act.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
The insurer’s own invested assets backing guaranteed products, versus the walled-off account funding variable products, which is registered under the Investment Company Act.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
general agentEnglish
An agent authorized to perform a range of acts in a particular business or area, such as a property manager or a salesperson acting for a broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
An agent authorized to perform a range of acts in a particular business or area, such as a property manager or a salesperson acting for a broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
general aggregate limitEnglish
The most the policy pays in a policy period for all covered losses other than products/completed operations, which carry their own aggregate.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
The most the policy pays in a policy period for all covered losses other than products/completed operations, which carry their own aggregate.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
general averageEnglish
The ancient marine rule that a voluntary, successful sacrifice made to save the whole venture — jettisoned cargo, for example — is shared proportionally by all interests saved.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
The ancient marine rule that a voluntary, successful sacrifice made to save the whole venture — jettisoned cargo, for example — is shared proportionally by all interests saved.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
general business practiceEnglish
The frequency test of claims regulation: the statute reaches acts committed so often as to show how the insurer does business, not a single disputed claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The frequency test of claims regulation: the statute reaches acts committed so often as to show how the insurer does business, not a single disputed claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
general contractorEnglish
A licensed contractor who takes responsibility for an entire project, hiring and supervising subcontractors and suppliers.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.5 (grade 9–12)
A licensed contractor who takes responsibility for an entire project, hiring and supervising subcontractors and suppliers.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12) · Architecture & Civil Engineering, Lesson 1.5 (grade 9–12)
general journalEnglish
A two-column journal (debit and credit) that can record any kind of transaction.
Accounting, Lesson 2.2 (grade 9–12)
A two-column journal (debit and credit) that can record any kind of transaction.
Accounting, Lesson 2.2 (grade 9–12)
general ledgerEnglish
The book or file that holds all the accounts in the chart, each with its entries and balance.
Accounting, Lesson 1.4 (grade 9–12) · Accounting, Lesson 2.3 (grade 9–12)
The book or file that holds all the accounts in the chart, each with its entries and balance.
Accounting, Lesson 1.4 (grade 9–12) · Accounting, Lesson 2.3 (grade 9–12)
general lienEnglish
A lien against all of a debtor’s property in a county or state, such as a judgment lien or a federal income tax lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A lien against all of a debtor’s property in a county or state, such as a judgment lien or a federal income tax lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
general obligation (GO) bondEnglish
A municipal bond backed by the issuer’s full faith, credit and taxing power, usually requiring voter approval.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A municipal bond backed by the issuer’s full faith, credit and taxing power, usually requiring voter approval.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
general partnershipEnglish
A business owned by two or more people who share profits, decisions and unlimited personal liability.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A business owned by two or more people who share profits, decisions and unlimited personal liability.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
general storeEnglish
A store in a small town that sold almost everything people needed: food, cloth, tools, nails and more.
Grade 1 Business & Finance, Lesson 3.2 (grade 1) · Grade 3 Business & Finance, Lesson 3.3 (grade 3)
A store in a small town that sold almost everything people needed: food, cloth, tools, nails and more.
Grade 1 Business & Finance, Lesson 3.2 (grade 1) · Grade 3 Business & Finance, Lesson 3.3 (grade 3)
general warranty deedEnglish
The deed giving the grantee the most protection, with covenants of seisin, quiet enjoyment, against encumbrances, further assurance and warranty forever, reaching back through the whole chain of title.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
The deed giving the grantee the most protection, with covenants of seisin, quiet enjoyment, against encumbrances, further assurance and warranty forever, reaching back through the whole chain of title.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
generosityEnglish
Being glad to share what you have with others.
Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · +2 more
Being glad to share what you have with others.
Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · +2 more
generousEnglish
Glad to share and give to others.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K) · +1 more
Glad to share and give to others.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Kindergarten Business & Finance, Lesson 4.2 (grade K) · +1 more
geometric meanEnglish
The compound average growth rate of a series of returns; it accounts for compounding and is never higher than the arithmetic mean.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 3.3 (grade 9–12) · Geometry, Lesson 9.3 (grade 9–10)
The compound average growth rate of a series of returns; it accounts for compounding and is never higher than the arithmetic mean.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 3.3 (grade 9–12) · Geometry, Lesson 9.3 (grade 9–10)
get-rich-quick schemeEnglish
Any offer of large, fast gains with little work or risk; nearly always a path to loss.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
Any offer of large, fast gains with little work or risk; nearly always a path to loss.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
Ginnie MaeEnglish
The Government National Mortgage Association (1968), a government corporation within HUD that guarantees timely payment on securities backed by FHA, VA and USDA loans; it does not buy loans.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
The Government National Mortgage Association (1968), a government corporation within HUD that guarantees timely payment on securities backed by FHA, VA and USDA loans; it does not buy loans.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
giroEnglish
A payment made by transferring a balance from one account to another on a bank’s books, without moving coins.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
A payment made by transferring a balance from one account to another on a bank’s books, without moving coins.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
giro (book transfer)English
Paying someone by moving an amount from your account to his in the bank’s books, without any coins changing hands.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
Paying someone by moving an amount from your account to his in the bank’s books, without any coins changing hands.
Grade 7 Business & Finance, Lesson 2.2 (grade 7)
giveEnglish
To share what you have with God and with others, freely.
Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Kindergarten Business & Finance, Lesson 8.1 (grade K)
To share what you have with God and with others, freely.
Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Kindergarten Business & Finance, Lesson 8.1 (grade K)
give upEnglish
To go without one thing so you can have another.
Kindergarten Business & Finance, Lesson 3.3 (grade K)
To go without one thing so you can have another.
Kindergarten Business & Finance, Lesson 3.3 (grade K)
GNMA (Ginnie Mae)English
The Government National Mortgage Association, whose mortgage pass-throughs are backed by the full faith and credit of the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
The Government National Mortgage Association, whose mortgage pass-throughs are backed by the full faith and credit of the United States.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
goalEnglish
Something you plan and work toward.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Kindergarten Business & Finance, Lesson 8.3 (grade K) · +2 more
Something you plan and work toward.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Kindergarten Business & Finance, Lesson 8.3 (grade K) · +2 more
going concern and periodicityEnglish
Accountants assume the business will continue operating, and they divide its life into equal periods (months, quarters, years) for reporting.
Accounting, Lesson 1.5 (grade 9–12)
Accountants assume the business will continue operating, and they divide its life into equal periods (months, quarters, years) for reporting.
Accounting, Lesson 1.5 (grade 9–12)
goldEnglish
A soft, shiny yellow metal that is rare and does not rust.
Grade 2 Business & Finance, Lesson 2.2 (grade 2) · Kindergarten Business & Finance, Lesson 2.2 (grade K)
A soft, shiny yellow metal that is rare and does not rust.
Grade 2 Business & Finance, Lesson 2.2 (grade 2) · Kindergarten Business & Finance, Lesson 2.2 (grade K)
gold certificateEnglish
A paper note that could be traded for gold coins at a bank or the Treasury.
Grade 4 Business & Finance, Lesson 2.4 (grade 4)
A paper note that could be traded for gold coins at a bank or the Treasury.
Grade 4 Business & Finance, Lesson 2.4 (grade 4)
gold clauseEnglish
A clause in a contract requiring payment in gold or in dollars of a fixed gold value.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
A clause in a contract requiring payment in gold or in dollars of a fixed gold value.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
gold pointsEnglish
The range around mint parity, set by the cost of shipping gold, within which exchange rates moved.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
The range around mint parity, set by the cost of shipping gold, within which exchange rates moved.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
Gold Reserve ActEnglish
The law of January 30, 1934, that transferred the Federal Reserve’s gold to the Treasury; the next day the gold price was set at $35 an ounce.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
The law of January 30, 1934, that transferred the Federal Reserve’s gold to the Treasury; the next day the gold price was set at $35 an ounce.
Economics & the History of Money, Lesson 6.1 (grade 11–12)
gold standardEnglish
A monetary system in which the currency is defined as a fixed weight of gold and can be converted into gold at that price.
Economics & the History of Money, Lesson 5.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.4 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
A monetary system in which the currency is defined as a fixed weight of gold and can be converted into gold at that price.
Economics & the History of Money, Lesson 5.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.4 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
gold windowEnglish
The arrangement by which the U.S. Treasury converted dollars held by foreign central banks into gold at $35 an ounce.
Economics & the History of Money, Lesson 6.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.3 (grade 8)
The arrangement by which the U.S. Treasury converted dollars held by foreign central banks into gold at $35 an ounce.
Economics & the History of Money, Lesson 6.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.3 (grade 8)
Golden RuleEnglish
Treat others the way you want to be treated.
Grade 2 Business & Finance, Lesson 9.3 (grade 2)
Treat others the way you want to be treated.
Grade 2 Business & Finance, Lesson 9.3 (grade 2)
goldsmithEnglish
A craftsman who makes things out of gold and silver; in old London, goldsmiths also kept people’s gold safe.
Grade 3 Business & Finance, Lesson 2.3 (grade 3)
A craftsman who makes things out of gold and silver; in old London, goldsmiths also kept people’s gold safe.
Grade 3 Business & Finance, Lesson 2.3 (grade 3)
goodsEnglish
Things you can touch and hold that people make or grow, like bread, shoes and spoons.
Grade 1 Business & Finance, Lesson 1.3 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +2 more
Things you can touch and hold that people make or grow, like bread, shoes and spoons.
Grade 1 Business & Finance, Lesson 1.3 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +2 more
good-til-canceled (GTC)English
An order that remains working until executed or canceled, unlike a day order, which dies at the close.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
An order that remains working until executed or canceled, unlike a day order, which dies at the close.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
Gordon (constant-growth) modelEnglish
The DDM for a dividend growing at a steady rate forever: price = next year’s dividend ÷ (required return − growth rate), valid only when r exceeds g.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
The DDM for a dividend growing at a steady rate forever: price = next year’s dividend ÷ (required return − growth rate), valid only when r exceeds g.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
government failureEnglish
When government action produces a worse result than the problem it was meant to fix.
Economics & the History of Money, Lesson 8.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 5.4 (grade 8)
When government action produces a worse result than the problem it was meant to fix.
Economics & the History of Money, Lesson 8.5 (grade 11–12) · Grade 8 Business & Finance, Lesson 5.4 (grade 8)
government lotEnglish
An irregular fractional parcel, numbered as a lot, created where a section cannot be a full square because of a body of water, a state line or the corrections of the survey.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
An irregular fractional parcel, numbered as a lot, created where a section cannot be a full square because of a body of water, a state line or the corrections of the survey.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
grace periodEnglish
The time after a premium’s due date — commonly 30 or 31 days — during which the policy stays in force; death during it pays the face minus the overdue premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 4.2 (grade 9–12) · +1 more
The time after a premium’s due date — commonly 30 or 31 days — during which the policy stays in force; death during it pays the face minus the overdue premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 4.2 (grade 9–12) · +1 more
gradeEnglish
A standard level of quality, so that buyers know what they are getting without inspecting every sack.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Architecture & Civil Engineering, Lesson 9.5 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 7.2 (grade 4) · +3 more
A standard level of quality, so that buyers know what they are getting without inspecting every sack.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Architecture & Civil Engineering, Lesson 9.5 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 7.2 (grade 4) · +3 more
graduated payment mortgage (GPM)English
A loan whose payments start low and rise on a schedule, often producing negative amortization in the early years.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A loan whose payments start low and rise on a schedule, often producing negative amortization in the early years.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
graduated (step) leaseEnglish
A lease providing for rent increases at set intervals and in set amounts over the term.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A lease providing for rent increases at set intervals and in set amounts over the term.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
graduated (tiered) commissionEnglish
A commission computed at different rates on different portions of the price, such as one rate on the first $100,000 and another on the rest.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
A commission computed at different rates on different portions of the price, such as one rate on the first $100,000 and another on the rest.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
Gramm-Leach-Bliley Act (GLBA)English
The 1999 federal law requiring financial institutions, insurers included, to give customers privacy notices and a chance to opt out of sharing nonpublic personal information with nonaffiliated third parties.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The 1999 federal law requiring financial institutions, insurers included, to give customers privacy notices and a chance to opt out of sharing nonpublic personal information with nonaffiliated third parties.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
grandfatheredEnglish
Allowed to continue under old rules after the rules change.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
Allowed to continue under old rules after the rules change.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
grant and scholarshipEnglish
Money for education that does not have to be repaid; grants are usually need-based and scholarships are usually merit-based.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
Money for education that does not have to be repaid; grants are usually need-based and scholarships are usually merit-based.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
granting clause and habendum clauseEnglish
The granting clause contains the words of conveyance (“grant,” “convey”); the habendum clause (“to have and to hold”) defines the estate granted.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
The granting clause contains the words of conveyance (“grant,” “convey”); the habendum clause (“to have and to hold”) defines the estate granted.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
grantor and granteeEnglish
The grantor is the party conveying title, who must be legally competent and must sign; the grantee is the party receiving title, who must be identifiable but need not be competent.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
The grantor is the party conveying title, who must be legally competent and must sign; the grantee is the party receiving title, who must be identifiable but need not be competent.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
greater-fool reasoningEnglish
Buying something overpriced on the belief that someone else will pay even more for it later.
Personal Finance & Investing, Lesson 8.1 (grade 9–12)
Buying something overpriced on the belief that someone else will pay even more for it later.
Personal Finance & Investing, Lesson 8.1 (grade 9–12)
Gresham’s lawEnglish
The principle that when two kinds of money have the same legal value but different metal value, the better money is hoarded and the worse circulates: “bad money drives out good.”
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
The principle that when two kinds of money have the same legal value but different metal value, the better money is hoarded and the worse circulates: “bad money drives out good.”
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
grocerEnglish
A person who runs a store that sells food.
Kindergarten Business & Finance, Lesson 4.1 (grade K)
A person who runs a store that sells food.
Kindergarten Business & Finance, Lesson 4.1 (grade K)
grocery storeEnglish
A store that sells food and things for the home.
Grade 2 Business & Finance, Lesson 3.4 (grade 2) · Kindergarten Cooking & Food, Lesson 8.2 (grade K)
A store that sells food and things for the home.
Grade 2 Business & Finance, Lesson 3.4 (grade 2) · Kindergarten Cooking & Food, Lesson 8.2 (grade K)
gross and net adjustmentEnglish
Gross adjustment is the total of all adjustments without regard to sign; net adjustment is their sum with signs — both are used to judge how comparable a sale is.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
Gross adjustment is the total of all adjustments without regard to sign; net adjustment is their sum with signs — both are used to judge how comparable a sale is.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
gross domestic product (GDP)English
The market value of all final goods and services produced within a country in a year.
Economics & the History of Money, Lesson 9.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.2 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
The market value of all final goods and services produced within a country in a year.
Economics & the History of Money, Lesson 9.1 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.2 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
gross incomeEnglish
All income from wages, interest, business and other sources, before deductions.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
All income from wages, interest, business and other sources, before deductions.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
gross income multiplier (GIM)English
A factor equal to sale price divided by annual gross income, used for commercial and larger income property.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
A factor equal to sale price divided by annual gross income, used for commercial and larger income property.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
gross leaseEnglish
A lease in which the tenant pays a fixed rent and the landlord pays the property’s taxes, insurance and maintenance; common for apartments and many offices.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A lease in which the tenant pays a fixed rent and the landlord pays the property’s taxes, insurance and maintenance; common for apartments and many offices.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
gross marginEnglish
The share of each sales dollar left after paying for the goods sold.
Seven Small Businesses, Lesson 1.1 (grade 9–12)
The share of each sales dollar left after paying for the goods sold.
Seven Small Businesses, Lesson 1.1 (grade 9–12)
gross margin (gross profit rate)English
Gross profit as a percent of net sales: (net sales − COGS) ÷ net sales.
Accounting, Lesson 6.5 (grade 9–12)
Gross profit as a percent of net sales: (net sales − COGS) ÷ net sales.
Accounting, Lesson 6.5 (grade 9–12)
gross payEnglish
Total earnings before deductions: hours × rate, plus overtime, salary, commissions or bonuses.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
Total earnings before deductions: hours × rate, plus overtime, salary, commissions or bonuses.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
gross profitEnglish
Net sales minus cost of goods sold: what is left to pay operating expenses and provide a profit.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.3 (grade 6)
Net sales minus cost of goods sold: what is left to pay operating expenses and provide a profit.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.3 (grade 6)
gross rent multiplier (GRM)English
Sale price divided by gross monthly rent, used to estimate the value of small residential income properties.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
Sale price divided by gross monthly rent, used to estimate the value of small residential income properties.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
gross scheduled income (GSI)English
The total annual rent and other income a property would collect if every unit were rented all year at market rent and every tenant paid in full; also called gross potential income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
The total annual rent and other income a property would collect if every unit were rented all year at market rent and every tenant paid in full; also called gross potential income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
ground leaseEnglish
A long-term lease of land only, on which the tenant usually builds; the improvements commonly pass to the landowner when the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A long-term lease of land only, on which the tenant usually builds; the improvements commonly pass to the landowner when the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
group boycottingEnglish
Two or more competitors agreeing to refuse to deal with, or to cooperate with, another person or firm, such as a discount brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
Two or more competitors agreeing to refuse to deal with, or to cooperate with, another person or firm, such as a discount brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
group health insuranceEnglish
Coverage written on a group of people — commonly employees — under one master policy, underwritten on the group's characteristics rather than each member's health.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
Coverage written on a group of people — commonly employees — under one master policy, underwritten on the group's characteristics rather than each member's health.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
group life insuranceEnglish
Life insurance written on a group of people under one contract, commonly annually renewable term provided through an employer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Life insurance written on a group of people under one contract, commonly annually renewable term provided through an employer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
group term $50,000 ruleEnglish
Employer-paid group term life coverage up to $50,000 is a tax-free benefit; the cost of coverage above $50,000 (from the IRS table) is imputed as taxable income to the employee.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
Employer-paid group term life coverage up to $50,000 is a tax-free benefit; the cost of coverage above $50,000 (from the IRS table) is imputed as taxable income to the employee.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
group underwritingEnglish
Underwriting the group as a whole — its size, purpose and makeup — rather than each member’s health; individual evidence of insurability is normally not required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Underwriting the group as a whole — its size, purpose and makeup — rather than each member’s health; individual evidence of insurability is normally not required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
growing equity mortgage (GEM)English
A fixed-rate loan whose payments increase on a schedule, with every increase applied to principal so the loan is paid off early.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A fixed-rate loan whose payments increase on a schedule, with every increase applied to principal so the loan is paid off early.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
growth investingEnglish
Buying companies with rapidly growing earnings, typically at high price-to-earnings ratios, expecting the growth to justify the price.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Buying companies with rapidly growing earnings, typically at high price-to-earnings ratios, expecting the growth to justify the price.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
growth stockEnglish
Stock of a fast-expanding company, typically with a high P/E ratio and little or no dividend because earnings are reinvested.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Stock of a fast-expanding company, typically with a high P/E ratio and little or no dividend because earnings are reinvested.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
guaranteeEnglish
A promise to repair, replace or refund if the product does not satisfy.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12) · Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.2 (grade 4) · +3 more
A promise to repair, replace or refund if the product does not satisfy.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12) · Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.2 (grade 4) · +3 more
guaranteed insurability riderEnglish
Lets the insured buy stated additional amounts of coverage at specified ages or life events — marriage, a birth — without new evidence of insurability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Lets the insured buy stated additional amounts of coverage at specified ages or life events — marriage, a birth — without new evidence of insurability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
guaranteed minimum interest rateEnglish
The contract floor below which a UL policy’s credited interest cannot fall, whatever the insurer’s current rate declares.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The contract floor below which a UL policy’s credited interest cannot fall, whatever the insurer’s current rate declares.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
guaranty associationEnglish
The state-created safety net, funded by assessments on admitted insurers, that pays covered claims of insolvent insurers within statutory limits — and may not be used in advertising or selling.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The state-created safety net, funded by assessments on admitted insurers, that pays covered claims of insolvent insurers within statutory limits — and may not be used in advertising or selling.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
guestEnglish
A person you invite to come.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Explore Hospitality and Home · Ranger, Stop 3.1 (Ages 10–13) · Explore Hospitality and Home, Stop 3.1 (Ages 7–9) · +1 more
A person you invite to come.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Explore Hospitality and Home · Ranger, Stop 3.1 (Ages 10–13) · Explore Hospitality and Home, Stop 3.1 (Ages 7–9) · +1 more
guildEnglish
A group of craftsmen or merchants in the same trade who made rules for their work, trained new workers and helped one another.
Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Explore Crafts and Making · Expert, Stop 4.5 (Ages 14+) · +3 more
A group of craftsmen or merchants in the same trade who made rules for their work, trained new workers and helped one another.
Grade 3 Business & Finance, Lesson 3.4 (grade 3) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Explore Crafts and Making · Expert, Stop 4.5 (Ages 14+) · +3 more
Gunter’s chainEnglish
The surveyor’s chain of 100 links measuring 66 feet; 80 chains make a mile and 10 square chains make an acre.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.1 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.1 (grade 9–12)
The surveyor’s chain of 100 links measuring 66 feet; 80 chains make a mile and 10 square chains make an acre.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.1 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.1 (grade 9–12)
H
habitabilityEnglish
The landlord’s legal duty to keep a rental fit to live in — weatherproof, with working plumbing, heat, safe wiring and other essentials listed by statute or code.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
The landlord’s legal duty to keep a rental fit to live in — weatherproof, with working plumbing, heat, safe wiring and other essentials listed by statute or code.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
haggleEnglish
To argue back and forth with a seller over the price of something.
Grade 4 Business & Finance, Lesson 6.2 (grade 4)
To argue back and forth with a seller over the price of something.
Grade 4 Business & Finance, Lesson 6.2 (grade 4)
hagglingEnglish
Bargaining back and forth over the price of each item, with the price different for each customer.
Grade 5 Business & Finance, Lesson 6.3 (grade 5)
Bargaining back and forth over the price of each item, with the price different for each customer.
Grade 5 Business & Finance, Lesson 6.3 (grade 5)
haircutEnglish
The share of a claim that lenders give up in a restructuring, measured on face value or on present value.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
The share of a claim that lenders give up in a restructuring, measured on face value or on present value.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
handicap (disability)English
Under the Fair Housing Act, a physical or mental impairment that substantially limits one or more major life activities, a record of such an impairment, or being regarded as having one.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
Under the Fair Housing Act, a physical or mental impairment that substantially limits one or more major life activities, a record of such an impairment, or being regarded as having one.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
HansaEnglish
An old German word for a group or company of merchants.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
An old German word for a group or company of merchants.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
Hanseatic LeagueEnglish
A group of German merchant towns, led by Lübeck, that worked together to trade across northern Europe from about 1250 to 1600.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Grade 7 Geography: Regions of the World, Lesson 1.1 (grade 7)
A group of German merchant towns, led by Lübeck, that worked together to trade across northern Europe from about 1250 to 1600.
Grade 4 Business & Finance, Lesson 1.4 (grade 4) · Grade 7 Geography: Regions of the World, Lesson 1.1 (grade 7)
hard fraudEnglish
Inventing or deliberately causing a loss to collect insurance — a staged collision, an arson, a faked theft.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
Inventing or deliberately causing a loss to collect insurance — a staged collision, an arson, a faked theft.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
hard inquiryEnglish
A lender’s check of your credit when you apply for new credit; many in a short time can lower a score slightly.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
A lender’s check of your credit when you apply for new credit; many in a short time can lower a score slightly.
Personal Finance & Investing, Lesson 4.3 (grade 9–12)
hard moneyEnglish
A short-term, asset-based loan from a private lender, commonly for purchase and rehab, with high rates and upfront points.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A short-term, asset-based loan from a private lender, commonly for purchase and rehab, with high rates and upfront points.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
hard-money loanEnglish
A short-term, higher-rate loan from a private lender secured mainly by the property itself, commonly used to buy and renovate flips.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
A short-term, higher-rate loan from a private lender secured mainly by the property itself, commonly used to buy and renovate flips.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
harvestEnglish
The time when farmers pick their crops.
Kindergarten Business & Finance, Lesson 3.2 (grade K) · Grade 2 Cooking & Food, Lesson 8.2 (grade 2) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 6.3 (grade K) · +3 more
The time when farmers pick their crops.
Kindergarten Business & Finance, Lesson 3.2 (grade K) · Grade 2 Cooking & Food, Lesson 8.2 (grade 2) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 6.3 (grade K) · +3 more
hazardEnglish
A condition that increases the likelihood or severity of a loss from a peril.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Food Science, Lesson 7.4 (grade 9–12) · +3 more
A condition that increases the likelihood or severity of a loss from a peril.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Food Science, Lesson 7.4 (grade 9–12) · +3 more
head and shouldersEnglish
A chart pattern of three peaks with the middle one highest; a head-and-shoulders top is read by technicians as a sign a rise is reversing into a decline.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
A chart pattern of three peaks with the middle one highest; a head-and-shoulders top is read by technicians as a sign a rise is reversing into a decline.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
health reimbursement arrangement (HRA)English
An employer-funded, employer-owned arrangement reimbursing employees' medical expenses — the worker contributes nothing and keeps nothing on leaving, except as the plan provides.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
An employer-funded, employer-owned arrangement reimbursing employees' medical expenses — the worker contributes nothing and keeps nothing on leaving, except as the plan provides.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
health savings account (HSA)English
A tax-favored personal account, available only with a qualifying high-deductible health plan, whose contributions, growth and qualified medical withdrawals are all untaxed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A tax-favored personal account, available only with a qualifying high-deductible health plan, whose contributions, growth and qualified medical withdrawals are all untaxed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
hearingEnglish
The due-process proceeding — written notice stating time, place and charges, commonly 10 to 30 days ahead — at which a person may appear, be represented and answer before the commissioner acts against a license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The due-process proceeding — written notice stating time, place and charges, commonly 10 to 30 days ahead — at which a person may appear, be represented and answer before the commissioner acts against a license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
hedge fundEnglish
A private pooled fund, sold without public registration to wealthy or institutional investors, free to use leverage, short sales and derivatives, and typically charging an asset fee plus a share of profits.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
A private pooled fund, sold without public registration to wealthy or institutional investors, free to use leverage, short sales and derivatives, and typically charging an asset fee plus a share of profits.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
helperEnglish
Someone whose work makes life better for other people.
Kindergarten Business & Finance, Lesson 1.1 (grade K) · Grade 1 Cooking & Food, Lesson 1.4 (grade 1) · Kindergarten Cooking & Food, Lesson 1.2 (grade K) · +2 more
Someone whose work makes life better for other people.
Kindergarten Business & Finance, Lesson 1.1 (grade K) · Grade 1 Cooking & Food, Lesson 1.4 (grade 1) · Kindergarten Cooking & Food, Lesson 1.2 (grade K) · +2 more
high-deductible health plan (HDHP)English
A major medical plan with a high deductible and lower premium, designed by federal law to pair with a health savings account.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A major medical plan with a high deductible and lower premium, designed by federal law to pair with a health savings account.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
highest and best useEnglish
The reasonably probable use of land or improved property that is legally permissible, physically possible, financially feasible and maximally productive.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
The reasonably probable use of land or improved property that is legally permissible, physically possible, financially feasible and maximally productive.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
high-pressure tacticsEnglish
Methods that push a customer to decide before he is ready: false urgency, refusing to leave, guilt, confusion.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
Methods that push a customer to decide before he is ready: false urgency, refusing to leave, guilt, confusion.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12)
high-yield (junk) bondEnglish
A bond rated below investment grade — below Baa3/BBB− — paying a higher coupon for a markedly higher risk of default.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A bond rated below investment grade — below Baa3/BBB− — paying a higher coupon for a markedly higher risk of default.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
high-yield savings accountEnglish
An insured savings account that pays more interest than a typical account while keeping money available.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
An insured savings account that pays more interest than a typical account while keeping money available.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
hired and non-owned auto endorsementEnglish
An optional BOP endorsement giving liability coverage for autos the business rents or employees use on its behalf — but never for autos the business owns.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
An optional BOP endorsement giving liability coverage for autos the business rents or employees use on its behalf — but never for autos the business owns.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
hired autoEnglish
An auto the business leases, hires, rents or borrows — a rented box truck, for example — excluding vehicles borrowed from employees or their households.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
An auto the business leases, hires, rents or borrows — a rented box truck, for example — excluding vehicles borrowed from employees or their households.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
hit-and-runEnglish
An accident caused by a driver who cannot be identified; the phantom driver is treated as uninsured, and prompt notice to the police is required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · Tactics & Strategy, Lesson 7.2 (grade 4–7)
An accident caused by a driver who cannot be identified; the phantom driver is treated as uninsured, and prompt notice to the police is required.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12) · Tactics & Strategy, Lesson 7.2 (grade 4–7)
HMO (health maintenance organization)English
A plan that provides care through its own network, requires members to choose a primary care physician who acts as gatekeeper, and generally pays nothing for out-of-network care except emergencies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A plan that provides care through its own network, requires members to choose a primary care physician who acts as gatekeeper, and generally pays nothing for out-of-network care except emergencies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
HO-2 (broad form)English
A homeowners form covering the dwelling and personal property against a list of named broad-form perils.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
A homeowners form covering the dwelling and personal property against a list of named broad-form perils.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
HO-3 (special form)English
The most common homeowners form: open-peril coverage on the dwelling and other structures, named-peril (broad) coverage on personal property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
The most common homeowners form: open-peril coverage on the dwelling and other structures, named-peril (broad) coverage on personal property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
HO-4 (contents broad form)English
The renters homeowners form: named-peril coverage on the tenant's personal property plus loss of use and full Section II liability, with no dwelling coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
The renters homeowners form: named-peril coverage on the tenant's personal property plus loss of use and full Section II liability, with no dwelling coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
HO-5 (comprehensive form)English
A homeowners form giving open-peril coverage on both the dwelling and the personal property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
A homeowners form giving open-peril coverage on both the dwelling and the personal property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
HO-6 (unit-owners form)English
The condominium owner's form: contents coverage plus a small walls-in Coverage A for the parts of the real property the unit owner must insure, plus liability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
The condominium owner's form: contents coverage plus a small walls-in Coverage A for the parts of the real property the unit owner must insure, plus liability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
HO-8 (modified coverage form)English
A named-peril homeowners form for older homes whose replacement cost far exceeds market value; losses are commonly settled on a functional or market-value basis with limited theft coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
A named-peril homeowners form for older homes whose replacement cost far exceeds market value; losses are commonly settled on a functional or market-value basis with limited theft coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
holding costsEnglish
Taxes, insurance, utilities, loan interest and other costs that continue every month a property is held, especially while vacant or under renovation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
Taxes, insurance, utilities, loan interest and other costs that continue every month a property is held, especially while vacant or under renovation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
holding periodEnglish
The time restricted stock must be held fully paid before public resale — as of 2026, six months for companies that file SEC reports, one year for those that do not.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
The time restricted stock must be held fully paid before public resale — as of 2026, six months for companies that file SEC reports, one year for those that do not.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
holding period return (HPR)English
Total gain or loss over the time an investment was held, divided by the amount invested, regardless of how long the period was.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
Total gain or loss over the time an investment was held, divided by the amount invested, regardless of how long the period was.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
holdoutEnglish
A lender who refuses to join a restructuring and keeps the old claim.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
A lender who refuses to join a restructuring and keeps the old claim.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
home equity line of credit (HELOC)English
An open-end loan secured by the home that lets the owner borrow, repay and borrow again up to a credit limit.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
An open-end loan secured by the home that lets the owner borrow, repay and borrow again up to a credit limit.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
home inspectorEnglish
A professional who examines a property’s structure and systems before purchase and reports defects; licensing rules vary by state.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
A professional who examines a property’s structure and systems before purchase and reports defects; licensing rules vary by state.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
home inventoryEnglish
A list, with photos and values, of the belongings in a home, used to prove a claim.
Personal Finance & Investing, Lesson 5.4 (grade 9–12)
A list, with photos and values, of the belongings in a home, used to prove a claim.
Personal Finance & Investing, Lesson 5.4 (grade 9–12)
home warrantyEnglish
A service contract, typically for one year, that pays for repair or replacement of covered home systems and appliances that fail from normal use.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A service contract, typically for one year, that pays for repair or replacement of covered home systems and appliances that fail from normal use.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
homeowners’ association (HOA)English
An organization of lot owners created by the subdivision declaration to manage common areas and enforce the CC&Rs, funded by assessments.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
An organization of lot owners created by the subdivision declaration to manage common areas and enforce the CC&Rs, funded by assessments.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
homeowner’s insuranceEnglish
A policy covering the house, other structures, belongings, liability and extra living expenses after a covered loss.
Personal Finance & Investing, Lesson 5.4 (grade 9–12)
A policy covering the house, other structures, belongings, liability and extra living expenses after a covered loss.
Personal Finance & Investing, Lesson 5.4 (grade 9–12)
homeowners policyEnglish
A package policy for owner-occupants of one-to-four-family dwellings that combines property coverage (Section I) and personal liability coverage (Section II) in one contract.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
A package policy for owner-occupants of one-to-four-family dwellings that combines property coverage (Section I) and personal liability coverage (Section II) in one contract.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Homeowners Protection Act of 1998English
The federal law letting borrowers request PMI cancellation at 80% of original value and requiring automatic termination at 78% (or the loan’s midpoint) for covered loans.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
The federal law letting borrowers request PMI cancellation at 80% of original value and requiring automatic termination at 78% (or the loan’s midpoint) for covered loans.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
homesteadEnglish
A family’s principal residence, protected by state law to a stated value from certain creditors’ claims.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 3.8 (Ages 10–13) · Explore Heroines of History and Faith, Stop 3.8 (Ages 7–9)
A family’s principal residence, protected by state law to a stated value from certain creditors’ claims.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12) · Explore Heroines of History and Faith · Ranger, Stop 3.8 (Ages 10–13) · Explore Heroines of History and Faith, Stop 3.8 (Ages 7–9)
honestEnglish
Telling the truth and not trying to trick anyone.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2) · Kindergarten Business & Finance, Lesson 5.2 (grade K)
Telling the truth and not trying to trick anyone.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2) · Kindergarten Business & Finance, Lesson 5.2 (grade K)
hookEnglish
An opening line, question or live test that catches the listener’s attention.
Grade 8 Business & Finance, Lesson 6.4 (grade 8) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 6.3 (grade 7) · Explore Hospitality and Home · Ranger, Stop 3.6 (Ages 10–13)
An opening line, question or live test that catches the listener’s attention.
Grade 8 Business & Finance, Lesson 6.4 (grade 8) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 6.3 (grade 7) · Explore Hospitality and Home · Ranger, Stop 3.6 (Ages 10–13)
horizontal integrationEnglish
Buying or merging with competitors that do the same step, to become larger in one stage of an industry.
Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Grade 8 Business & Finance, Lesson 3.2 (grade 8)
Buying or merging with competitors that do the same step, to become larger in one stage of an industry.
Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Grade 8 Business & Finance, Lesson 3.2 (grade 8)
horsepowerEnglish
Watt’s unit for measuring an engine’s power by comparing it with the work of a horse.
Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Grade 6 Engineering & Physics, Lesson 1.4 (grade 6) · Grade 7 Engineering & Physics, Lesson 1.2 (grade 7) · +3 more
Watt’s unit for measuring an engine’s power by comparing it with the work of a horse.
Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Grade 6 Engineering & Physics, Lesson 1.4 (grade 6) · Grade 7 Engineering & Physics, Lesson 1.2 (grade 7) · +3 more
hospital indemnity policyEnglish
A limited policy paying a flat dollar amount per day of hospitalization, regardless of actual expenses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
A limited policy paying a flat dollar amount per day of hospitalization, regardless of actual expenses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
house edgeEnglish
The share of each dollar wagered that the operator of a game of chance expects to keep over time.
Personal Finance & Investing, Lesson 10.4 (grade 9–12) · Playing the Odds, Lesson 2.4 (grade 8–12)
The share of each dollar wagered that the operator of a game of chance expects to keep over time.
Personal Finance & Investing, Lesson 10.4 (grade 9–12) · Playing the Odds, Lesson 2.4 (grade 8–12)
house hackingEnglish
Living in one unit or bedroom of a property you own and renting the rest, so tenants pay much of your housing cost.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
Living in one unit or bedroom of a property you own and renting the rest, so tenants pay much of your housing cost.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
household formationEnglish
The creation of new households — people moving in, young adults leaving home — that each need a place to live.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
The creation of new households — people moving in, young adults leaving home — that each need a place to live.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
housing codeEnglish
Local or state rules setting minimum standards for dwellings, such as heat, plumbing, electrical safety, smoke alarms and structural soundness.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
Local or state rules setting minimum standards for dwellings, such as heat, plumbing, electrical safety, smoke alarms and structural soundness.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
housing expense ratioEnglish
The monthly housing payment (PITI) divided by gross monthly income; also called the front-end ratio.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
The monthly housing payment (PITI) divided by gross monthly income; also called the front-end ratio.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
housing for older personsEnglish
Housing exempt from the familial-status rule when all residents are 62 or older, or when at least 80% of occupied units have at least one resident 55 or older and the community publishes and follows policies showing that intent.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Housing exempt from the familial-status rule when all residents are 62 or older, or when at least 80% of occupied units have at least one resident 55 or older and the community publishes and follows policies showing that intent.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Howey testEnglish
The Supreme Court’s 1946 test for an investment contract: an investment of money in a common enterprise with an expectation of profits from the efforts of others.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
The Supreme Court’s 1946 test for an investment contract: an investment of money in a common enterprise with an expectation of profits from the efforts of others.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
HUDEnglish
The U.S. Department of Housing and Urban Development, the federal agency that receives, investigates and conciliates Fair Housing Act complaints.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
The U.S. Department of Housing and Urban Development, the federal agency that receives, investigates and conciliates Fair Housing Act complaints.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
human capitalEnglish
The knowledge, skill, health and habits that make a person productive.
Economics & the History of Money, Lesson 1.5 (grade 11–12) · Economics & the History of Money, Lesson 9.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.1 (grade 6) · +1 more
The knowledge, skill, health and habits that make a person productive.
Economics & the History of Money, Lesson 1.5 (grade 11–12) · Economics & the History of Money, Lesson 9.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.1 (grade 6) · +1 more
human life value approachEnglish
A method that measures the economic value of a life as the earnings the person would have provided the family over the remaining working years, discounted to present value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
A method that measures the economic value of a life as the earnings the person would have provided the family over the remaining working years, discounted to present value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
hyperinflationEnglish
Extremely rapid inflation, often defined as prices rising more than 50% in a month.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8) · +1 more
Extremely rapid inflation, often defined as prices rising more than 50% in a month.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8) · +1 more
hypothecationEnglish
Pledging property as security for a debt without giving up possession of it, as every homeowner with a mortgage does.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
Pledging property as security for a debt without giving up possession of it, as every homeowner with a mortgage does.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
I
IAR continuing educationEnglish
The model-rule convention requiring registered IARs in adopting states to complete 12 CE hours a year: 6 of ethics and professional responsibility, 6 of products and practice.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The model-rule convention requiring registered IARs in adopting states to complete 12 CE hours a year: 6 of ethics and professional responsibility, 6 of products and practice.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
IARDEnglish
The Investment Adviser Registration Depository, the electronic system (opened in 2001) through which advisers file Form ADV with the SEC and the states.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
The Investment Adviser Registration Depository, the electronic system (opened in 2001) through which advisers file Form ADV with the SEC and the states.
Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
identification periodEnglish
The 45 days after the relinquished property is transferred, within which replacement property must be identified in a signed writing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
The 45 days after the relinquished property is transferred, within which replacement property must be identified in a signed writing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
identity-theft red flagsEnglish
Warning signs of identity theft — suspicious documents, address discrepancies, unusual account use — that firms’ programs must detect and answer under the red-flags convention.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
Warning signs of identity theft — suspicious documents, address discrepancies, unusual account use — that firms’ programs must detect and answer under the red-flags convention.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
illegal inducementEnglish
Offering benefits outside the contract — stock, employment, special favors — to procure a sale; rebating's broader cousin.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Offering benefits outside the contract — stock, employment, special favors — to procure a sale; rebating's broader cousin.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
imitationEnglish
A copy made to look like someone else’s product.
Grade 3 Business & Finance, Lesson 3.2 (grade 3) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.1 (grade 11) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 8.1 (grade 12) · +3 more
A copy made to look like someone else’s product.
Grade 3 Business & Finance, Lesson 3.2 (grade 3) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.1 (grade 11) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 8.1 (grade 12) · +3 more
immediate annuityEnglish
An annuity bought with a single premium whose payments begin within one payment interval — commonly a month to a year; the classic SPIA (single premium immediate annuity).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
An annuity bought with a single premium whose payments begin within one payment interval — commonly a month to a year; the classic SPIA (single premium immediate annuity).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
immobilityEnglish
The physical characteristic that land cannot be moved; its geographic location is fixed, though some of its substances can be removed.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The physical characteristic that land cannot be moved; its geographic location is fixed, though some of its substances can be removed.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
impact feeEnglish
A one-time charge a city or county imposes on new development to help pay for public facilities; Washington limits ADU impact fees to 50% of those on the principal unit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12)
A one-time charge a city or county imposes on new development to help pay for public facilities; Washington limits ADU impact fees to 50% of those on the principal unit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12)
implied authorityEnglish
Authority not written anywhere but reasonably necessary, usual and customary for carrying out the express authority — such as collecting the initial premium with applications.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
Authority not written anywhere but reasonably necessary, usual and customary for carrying out the express authority — such as collecting the initial premium with applications.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
implied warranties (ocean marine)English
Promises read into every ocean marine policy without being written: the vessel is seaworthy, the voyage will not deviate from its course, and the venture is legal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
Promises read into every ocean marine policy without being written: the vessel is seaworthy, the voyage will not deviate from its course, and the venture is legal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
implied warranty of habitabilityEnglish
The rule, adopted in most states for residential leases, that a landlord must provide and maintain premises fit to live in.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
The rule, adopted in most states for residential leases, that a landlord must provide and maintain premises fit to live in.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
importEnglish
A good brought into a country from somewhere else.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
A good brought into a country from somewhere else.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
import / exportEnglish
Goods brought into a place from elsewhere (imports) and goods sent out to sell elsewhere (exports).
Grade 5 Business & Finance, Lesson 1.4 (grade 5)
Goods brought into a place from elsewhere (imports) and goods sent out to sell elsewhere (exports).
Grade 5 Business & Finance, Lesson 1.4 (grade 5)
import dutyEnglish
A tax on imported goods.
Economics & the History of Money, Lesson 10.3 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12)
A tax on imported goods.
Economics & the History of Money, Lesson 10.3 (grade 11–12) · Economics & the History of Money, Lesson 9.4 (grade 11–12)
import quotaEnglish
A limit on the quantity of a good that may be imported.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
A limit on the quantity of a good that may be imported.
Economics & the History of Money, Lesson 10.3 (grade 11–12)
imposter scamEnglish
A fraud in which the criminal pretends to be a government agency, a bank, a relative or a company.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
A fraud in which the criminal pretends to be a government agency, a bank, a relative or a company.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
imprest systemEnglish
A petty cash method in which the fund is kept at a fixed amount: receipts plus cash on hand always equal the fund, and the fund is replenished by the total spent.
Accounting, Lesson 5.2 (grade 9–12)
A petty cash method in which the fund is kept at a fixed amount: receipts plus cash on hand always equal the fund, and the fund is replenished by the total spent.
Accounting, Lesson 5.2 (grade 9–12)
improveEnglish
To make something better.
Grade 1 Business & Finance, Lesson 6.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.2 (grade 2) · Kindergarten Engineering & Physics, Lesson 8.4 (grade K)
To make something better.
Grade 1 Business & Finance, Lesson 6.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.2 (grade 2) · Kindergarten Engineering & Physics, Lesson 8.4 (grade K)
improvementEnglish
Any man-made addition that increases a property’s usefulness — on the land (a building, a fence) or to the land (streets, sewers, utilities).
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
Any man-made addition that increases a property’s usefulness — on the land (a building, a fence) or to the land (streets, sewers, utilities).
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
improvementsEnglish
The economic characteristic that building on or modifying one parcel affects its value and the value of surrounding parcels; also called modification.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The economic characteristic that building on or modifying one parcel affects its value and the value of surrounding parcels; also called modification.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
improvements and bettermentsEnglish
Upgrades a tenant installs in rented premises — commonly covered under an HO-4 as a percentage of Coverage C.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
Upgrades a tenant installs in rented premises — commonly covered under an HO-4 as a percentage of Coverage C.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
impulse buyEnglish
Buying something suddenly, without thinking or planning.
Grade 3 Business & Finance, Lesson 8.1 (grade 3)
Buying something suddenly, without thinking or planning.
Grade 3 Business & Finance, Lesson 8.1 (grade 3)
imputed knowledgeEnglish
The rule that what the agent learns within the scope of his agency, the insurer is deemed to know.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
The rule that what the agent learns within the scope of his agency, the insurer is deemed to know.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
incentiveEnglish
A reward or penalty that changes the benefit or cost of a choice and so changes how people act.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 6 Business & Finance, Lesson 1.4 (grade 6) · +2 more
A reward or penalty that changes the benefit or cost of a choice and so changes how people act.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 6 Business & Finance, Lesson 1.4 (grade 6) · +2 more
incentive stock option (ISO)English
A tax-favored employee option: no regular tax at grant or exercise, with capital-gain treatment if the shares are held long enough (though the exercise spread can trigger alternative minimum tax).
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
A tax-favored employee option: no regular tax at grant or exercise, with capital-gain treatment if the shares are held long enough (though the exercise spread can trigger alternative minimum tax).
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
incomeEnglish
Money that comes in, such as pay, sales or gifts.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Grade 4 Business & Finance, Lesson 8.1 (grade 4) · Grade 5 Business & Finance, Lesson 8.1 (grade 5)
Money that comes in, such as pay, sales or gifts.
Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Grade 4 Business & Finance, Lesson 8.1 (grade 4) · Grade 5 Business & Finance, Lesson 8.1 (grade 5)
income approachEnglish
An appraisal approach that estimates the value of income-producing property by converting its expected income into value; also called the income capitalization approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
An appraisal approach that estimates the value of income-producing property by converting its expected income into value; also called the income capitalization approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
income investingEnglish
Choosing securities mainly for the cash they pay out — dividends and interest — rather than for price gains.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Choosing securities mainly for the cash they pay out — dividends and interest — rather than for price gains.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
income replacementEnglish
The chief job of life insurance: replacing the earnings a family loses when a breadwinner dies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
The chief job of life insurance: replacing the earnings a family loses when a breadwinner dies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
income statementEnglish
The report of revenues, expenses and net income (or net loss) for a period of time. Also called the profit and loss statement (P&L) or statement of operations.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 10.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · +3 more
The report of revenues, expenses and net income (or net loss) for a period of time. Also called the profit and loss statement (P&L) or statement of operations.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 10.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · +3 more
Income SummaryEnglish
A temporary clearing account used during closing: revenue and expenses are closed into it, and its balance (net income or loss) is then closed to capital.
Accounting, Lesson 3.4 (grade 9–12)
A temporary clearing account used during closing: revenue and expenses are closed into it, and its balance (net income or loss) is then closed to capital.
Accounting, Lesson 3.4 (grade 9–12)
income taxEnglish
A tax on wages, salaries, business profits, interest and other income, collected by the federal government and most states.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
A tax on wages, salaries, business profits, interest and other income, collected by the federal government and most states.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
incontestability clauseEnglish
The life policy provision barring the insurer from contesting the contract for misstatements after it has been in force, commonly two years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
The life policy provision barring the insurer from contesting the contract for misstatements after it has been in force, commonly two years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
incontestable clauseEnglish
After the policy has been in force 2 years during the insured’s lifetime, the insurer may no longer void it or deny a claim for misstatements in the application.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
After the policy has been in force 2 years during the insured’s lifetime, the insurer may no longer void it or deny a claim for misstatements in the application.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
increasing termEnglish
Term insurance whose face amount grows over the period, usually sold as a rider such as return of premium or cost-of-living coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Term insurance whose face amount grows over the period, usually sold as a rider such as return of premium or cost-of-living coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
indemnity contractEnglish
A contract that pays the amount of the actual loss up to the policy limit — the pattern of property and casualty insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
A contract that pays the amount of the actual loss up to the policy limit — the pattern of property and casualty insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
independent adjusterEnglish
A contractor hired by insurers, claim by claim or during catastrophes, to adjust claims on their behalf — independent in employment, but representing the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
A contractor hired by insurers, claim by claim or during catastrophes, to adjust claims on their behalf — independent in employment, but representing the insurer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
independent agentEnglish
An agent appointed by several insurers who places each client’s business among them and typically owns his book of business.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
An agent appointed by several insurers who places each client’s business among them and typically owns his book of business.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
independent checkEnglish
A review of someone’s work by another person, such as a bank reconciliation by someone who does not handle cash, or a surprise count.
Accounting, Lesson 5.3 (grade 9–12)
A review of someone’s work by another person, such as a bank reconciliation by someone who does not handle cash, or a surprise count.
Accounting, Lesson 5.3 (grade 9–12)
independent contractorEnglish
A person who does work for a business but controls how it is done and runs his own business.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12) · Personal Finance & Investing, Lesson 1.4 (grade 9–12) · +1 more
A person who does work for a business but controls how it is done and runs his own business.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12) · Personal Finance & Investing, Lesson 1.4 (grade 9–12) · +1 more
indestructibilityEnglish
The physical characteristic that land is permanent and cannot be destroyed, although the improvements on it can be.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The physical characteristic that land is permanent and cannot be destroyed, although the improvements on it can be.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
index and marginEnglish
The index is a published market interest rate that moves; the margin is the lender’s fixed percentage added to it; together they make the fully indexed rate.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
The index is a published market interest rate that moves; the margin is the lender’s fixed percentage added to it; together they make the fully indexed rate.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
index (escalation) leaseEnglish
A lease that adjusts rent periodically according to an index, such as the Consumer Price Index, or to changes in the landlord’s operating costs.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A lease that adjusts rent periodically according to an index, such as the Consumer Price Index, or to changes in the landlord’s operating costs.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
index fundEnglish
A mutual fund that simply buys all the stocks in a market index, such as the 500 largest U.S. companies, instead of picking some.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Grade 8 Business & Finance, Lesson 8.2 (grade 8) · Personal Finance & Investing, Lesson 7.4 (grade 9–12) · +1 more
A mutual fund that simply buys all the stocks in a market index, such as the 500 largest U.S. companies, instead of picking some.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Grade 8 Business & Finance, Lesson 8.2 (grade 8) · Personal Finance & Investing, Lesson 7.4 (grade 9–12) · +1 more
indexed annuityEnglish
A fixed annuity whose interest crediting is linked to a market index, with a guaranteed floor and caps or participation rates limiting the upside.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
A fixed annuity whose interest crediting is linked to a market index, with a guaranteed floor and caps or participation rates limiting the upside.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
indexed universal life (IUL)English
Universal life whose interest credit is tied to a market index’s movement, subject to a floor, a cap and a participation rate; the cash value is not invested in the index.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
Universal life whose interest credit is tied to a market index’s movement, subject to a floor, a cap and a participation rate; the cash value is not invested in the index.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
indirect (consequential) lossEnglish
A loss of use, income or extra expense that follows a direct loss — the hotel bills while the burned kitchen is rebuilt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
A loss of use, income or extra expense that follows a direct loss — the hotel bills while the burned kitchen is rebuilt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
indirect methodEnglish
A way of computing operating cash flow by starting with net income and adjusting for non-cash expenses (depreciation) and changes in current assets and liabilities.
Accounting, Lesson 4.4 (grade 9–12)
A way of computing operating cash flow by starting with net income and adjusting for non-cash expenses (depreciation) and changes in current assets and liabilities.
Accounting, Lesson 4.4 (grade 9–12)
industrial (home service) insuranceEnglish
Small-face-amount policies, historically with weekly premiums collected at the insured’s home by a debit agent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Small-face-amount policies, historically with weekly premiums collected at the insured’s home by a debit agent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Industrial RevolutionEnglish
The shift, beginning in Britain about 1760–1830, from hand production at home to machine production in factories powered by water and steam.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 8 Business & Finance, Lesson 5.1 (grade 8) · Human Geography, Lesson 8.1 (grade 9–12)
The shift, beginning in Britain about 1760–1830, from hand production at home to machine production in factories powered by water and steam.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 8 Business & Finance, Lesson 5.1 (grade 8) · Human Geography, Lesson 8.1 (grade 9–12)
industryEnglish
In Franklin’s use, steady hard work: diligence.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
In Franklin’s use, steady hard work: diligence.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
industry codeEnglish
A set of rules for a whole industry; in 1933 these codes fixed prices, wages and output and were struck down by the Supreme Court in 1935.
Grade 6 Business & Finance, Lesson 5.4 (grade 6)
A set of rules for a whole industry; in 1933 these codes fixed prices, wages and output and were struck down by the Supreme Court in 1935.
Grade 6 Business & Finance, Lesson 5.4 (grade 6)
inelasticEnglish
Demand with elasticity less than 1 in absolute value: quantity responds less than in proportion to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12)
Demand with elasticity less than 1 in absolute value: quantity responds less than in proportion to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12)
inflationEnglish
A sustained rise in the general level of prices; a fall in money’s purchasing power.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · +3 more
A sustained rise in the general level of prices; a fall in money’s purchasing power.
Economics & the History of Money, Lesson 6.5 (grade 11–12) · Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · +3 more
inflation protectionEnglish
A long-term care policy option increasing the benefit over time, commonly 3–5% per year, so a benefit bought at 55 still means something at 85.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
A long-term care policy option increasing the benefit over time, commonly 3–5% per year, so a benefit bought at 55 still means something at 85.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
inflation (purchasing-power) riskEnglish
The risk that rising prices erode what an investment’s dollars will buy; it bears hardest on fixed payments.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk that rising prices erode what an investment’s dollars will buy; it bears hardest on fixed payments.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
inflation rateEnglish
The percent change in a price index from one year to the next: (new index − old index) ÷ old index × 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
The percent change in a price index from one year to the next: (new index − old index) ÷ old index × 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
ingredientEnglish
One of the things that a food is made from.
Grade 2 Business & Finance, Lesson 5.4 (grade 2) · Grade 4 Business & Finance, Lesson 5.4 (grade 4) · Explore Hospitality and Home, Stop 4.3 (Ages 7–9)
One of the things that a food is made from.
Grade 2 Business & Finance, Lesson 5.4 (grade 2) · Grade 4 Business & Finance, Lesson 5.4 (grade 4) · Explore Hospitality and Home, Stop 4.3 (Ages 7–9)
ingredientsEnglish
All the things that are mixed together to make a food.
Grade 1 Business & Finance, Lesson 5.4 (grade 1) · Grade 1 Cooking & Food, Lesson 8.1 (grade 1) · Kindergarten Cooking & Food, Lesson 8.2 (grade K)
All the things that are mixed together to make a food.
Grade 1 Business & Finance, Lesson 5.4 (grade 1) · Grade 1 Cooking & Food, Lesson 8.1 (grade 1) · Kindergarten Cooking & Food, Lesson 8.2 (grade K)
in-house saleEnglish
A sale in which the listing and the buyer’s side are handled by licensees of the same brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A sale in which the listing and the buyer’s side are handled by licensees of the same brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
initial jobless claimsEnglish
The weekly count of new filings for unemployment insurance; because layoffs rise early in downturns, it is a leading indicator.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
The weekly count of new filings for unemployment insurance; because layoffs rise early in downturns, it is a leading indicator.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
injunctionEnglish
A court order requiring a party to stop doing something or to undo something done in violation of a restriction.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
A court order requiring a party to stop doing something or to undo something done in violation of a restriction.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
inland marine insuranceEnglish
The branch of property insurance, descended from ocean marine, that covers property in transit and movable or floating classes of property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
The branch of property insurance, descended from ocean marine, that covers property in transit and movable or floating classes of property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
innocent landowner defenseEnglish
A defense added by SARA (1986) for an owner who made all appropriate inquiry before buying and did not know, and had no reason to know, of the contamination.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
A defense added by SARA (1986) for an owner who made all appropriate inquiry before buying and did not know, and had no reason to know, of the contamination.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
innovationEnglish
A new product, method or organization put into practical use.
Economics & the History of Money, Lesson 10.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.1 (grade 7)
A new product, method or organization put into practical use.
Economics & the History of Money, Lesson 10.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.1 (grade 7)
insider tradingEnglish
Trading a security while in possession of material nonpublic information, or passing that information to others who trade.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Trading a security while in possession of material nonpublic information, or passing that information to others who trade.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
insolvencyEnglish
Being unable to pay debts as they come due.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
Being unable to pay debts as they come due.
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
inspectionEnglish
An official check that a building or workplace follows safety rules.
Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Grade 8 Cooking & Food, Lesson 1.3 (grade 8) · Engineering Design, Robotics & Drones, Lesson 5.2 (grade 9–12)
An official check that a building or workplace follows safety rules.
Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Grade 8 Cooking & Food, Lesson 1.3 (grade 8) · Engineering Design, Robotics & Drones, Lesson 5.2 (grade 9–12)
inspectorEnglish
A person whose job is to check that things are done honestly and safely.
Grade 1 Business & Finance, Lesson 5.1 (grade 1) · Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 2 Business & Finance, Lesson 5.1 (grade 2) · +3 more
A person whose job is to check that things are done honestly and safely.
Grade 1 Business & Finance, Lesson 5.1 (grade 1) · Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 2 Business & Finance, Lesson 5.1 (grade 2) · +3 more
installment creditEnglish
A loan for a purchase that is repaid in regular payments over time.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
A loan for a purchase that is repaid in regular payments over time.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
installment land contractEnglish
A seller-financed contract in which the buyer pays in installments and takes possession, while the seller keeps legal title until the contract is paid as agreed; also called a land contract, contract for deed or agreement of sale.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A seller-financed contract in which the buyer pays in installments and takes possession, while the seller keeps legal title until the contract is paid as agreed; also called a land contract, contract for deed or agreement of sale.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
installment land contract (contract for deed)English
Seller financing in which the seller (vendor) keeps legal title until the price is paid, while the buyer (vendee) takes possession and equitable title.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
Seller financing in which the seller (vendor) keeps legal title until the price is paid, while the buyer (vendee) takes possession and equitable title.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
installment planEnglish
A way of buying where you pay a small amount at first and the rest in regular payments over time.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Textile Science & Clothing Construction, Lesson 7.2 (grade 9–12)
A way of buying where you pay a small amount at first and the rest in regular payments over time.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Textile Science & Clothing Construction, Lesson 7.2 (grade 9–12)
installment saleEnglish
A sale paid in regular payments over time, often with a down payment.
Accounting, Lesson 6.1 (grade 9–12)
A sale paid in regular payments over time, often with a down payment.
Accounting, Lesson 6.1 (grade 9–12)
instant score reportEnglish
The printed pass/fail result handed to the candidate at the testing center in most states the moment the exam ends.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
The printed pass/fail result handed to the candidate at the testing center in most states the moment the exam ends.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
institutional investorEnglish
Banks, savings institutions, trust companies, insurance companies, investment companies, broker-dealers and other large professional investors — dealings limited to them often support an exemption.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
Banks, savings institutions, trust companies, insurance companies, investment companies, broker-dealers and other large professional investors — dealings limited to them often support an exemption.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
institutionsEnglish
The rules of the game in a society: property rights, courts, honest government, sound money and the customs that support them.
Economics & the History of Money, Lesson 9.5 (grade 11–12)
The rules of the game in a society: property rights, courts, honest government, sound money and the customs that support them.
Economics & the History of Money, Lesson 9.5 (grade 11–12)
insurable interestEnglish
A genuine financial or relational stake in the person or property insured, such that the insured’s loss is the policyholder’s loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
A genuine financial or relational stake in the person or property insured, such that the insured’s loss is the policyholder’s loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
insuranceEnglish
An agreement in which many people each pay a small, certain amount (the premium) into a pool that pays the large, uncertain losses of the few who suffer them.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Playing the Odds, Lesson 2.4 (grade 8–12)
An agreement in which many people each pay a small, certain amount (the premium) into a pool that pays the large, uncertain losses of the few who suffer them.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Playing the Odds, Lesson 2.4 (grade 8–12)
insurance agentEnglish
A licensed individual who legally represents an insurance company, soliciting and selling its policies and serving its policyholders.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12)
A licensed individual who legally represents an insurance company, soliciting and selling its policies and serving its policyholders.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12)
insurance housingEnglish
Temporary furnished housing paid for by an insurance company for a family whose home was damaged by fire, flood or another covered loss.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
Temporary furnished housing paid for by an insurance company for a family whose home was damaged by fire, flood or another covered loss.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
insurance to valueEnglish
Carrying a limit at or near the property's full insurable value, so that partial losses are paid in full and the premium fairly matches the exposure.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
Carrying a limit at or near the property's full insurable value, so that partial losses are paid in full and the premium fairly matches the exposure.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
insuredEnglish
The person whose life the policy covers; the death benefit is paid at this person’s death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
The person whose life the policy covers; the death benefit is paid at this person’s death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
insured vs. guaranteedEnglish
FHA insures a lender against loss through an insurance fund paid for by borrowers’ premiums; VA and USDA guarantee repayment of a portion of the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
FHA insures a lender against loss through an insurance fund paid for by borrowers’ premiums; VA and USDA guarantee repayment of a portion of the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
insuring clauseEnglish
The insurer’s basic promise, usually on the first page: to pay the face amount to the beneficiary on proof of the insured’s death while the policy is in force.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
The insurer’s basic promise, usually on the first page: to pay the face amount to the beneficiary on proof of the insured’s death while the policy is in force.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
integrated millEnglish
A factory that does every step under one roof, from raw cotton to finished cloth, as the Boston Manufacturing Company first did in America in 1814.
Grade 6 Business & Finance, Lesson 5.1 (grade 6) · Textile Science & Clothing Construction, Lesson 4.3 (grade 9–12)
A factory that does every step under one roof, from raw cotton to finished cloth, as the Boston Manufacturing Company first did in America in 1814.
Grade 6 Business & Finance, Lesson 5.1 (grade 6) · Textile Science & Clothing Construction, Lesson 4.3 (grade 9–12)
integrityEnglish
Honesty and candor within the bounds of confidentiality; not bending the truth for anyone.
Accounting, Lesson 5.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 9.3 (grade 6) · +2 more
Honesty and candor within the bounds of confidentiality; not bending the truth for anyone.
Accounting, Lesson 5.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 9.3 (grade 6) · +2 more
interchange feeEnglish
A fee a merchant’s bank pays the card issuer on each card sale, usually a small percent of the price.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
A fee a merchant’s bank pays the card issuer on each card sale, usually a small percent of the price.
Personal Finance & Investing, Lesson 3.4 (grade 9–12)
interchangeable partsEnglish
Parts made so exactly alike that any one will fit any product of that model.
Grade 5 Business & Finance, Lesson 4.3 (grade 5) · Engineering Design, Robotics & Drones, Lesson 3.3 (grade 9–12)
Parts made so exactly alike that any one will fit any product of that model.
Grade 5 Business & Finance, Lesson 4.3 (grade 5) · Engineering Design, Robotics & Drones, Lesson 3.3 (grade 9–12)
interdependenceEnglish
Depending on one another: because each person specializes, everyone needs the work of others.
Grade 4 Business & Finance, Lesson 1.2 (grade 4)
Depending on one another: because each person specializes, everyone needs the work of others.
Grade 4 Business & Finance, Lesson 1.2 (grade 4)
interestEnglish
The price of borrowing: money paid to the lender in addition to the principal.
Entrepreneurship & Sales, Lesson 5.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 7.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 8.2 (grade 1) · +3 more
The price of borrowing: money paid to the lender in addition to the principal.
Entrepreneurship & Sales, Lesson 5.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 7.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 8.2 (grade 1) · +3 more
interest billEnglish
What a government pays each year to its lenders: the debt times the average interest rate.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
What a government pays each year to its lenders: the debt times the average interest rate.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
interest on reserve balancesEnglish
Interest the Fed pays banks on reserves held at the Fed; since 2008 a main tool for steering short-term rates.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
Interest the Fed pays banks on reserves held at the Fed; since 2008 a main tool for steering short-term rates.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
interest rateEnglish
How much interest is paid each year for every $100, written as a percent, like 5%.
Grade 3 Business & Finance, Lesson 8.2 (grade 3) · Grade 4 Business & Finance, Lesson 8.2 (grade 4) · Grade 5 Business & Finance, Lesson 8.2 (grade 5) · +2 more
How much interest is paid each year for every $100, written as a percent, like 5%.
Grade 3 Business & Finance, Lesson 8.2 (grade 3) · Grade 4 Business & Finance, Lesson 8.2 (grade 4) · Grade 5 Business & Finance, Lesson 8.2 (grade 5) · +2 more
interest spreadEnglish
The difference between the interest rate a bank earns on loans and the rate it pays on deposits.
Personal Finance & Investing, Lesson 3.1 (grade 9–12)
The difference between the interest rate a bank earns on loans and the rate it pays on deposits.
Personal Finance & Investing, Lesson 3.1 (grade 9–12)
interest-only loanEnglish
A loan whose payments cover only interest, so the full principal is due at the end.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A loan whose payments cover only interest, so the full principal is due at the end.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
interest-rate riskEnglish
The danger that rising rates raise the payment on an adjustable or balloon loan or prevent a planned refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The danger that rising rates raise the payment on an adjustable or balloon loan or prevent a planned refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
intermodalEnglish
Using more than one kind of transport (ship, rail, truck) with the same container.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 4.3 (grade 8) · +1 more
Using more than one kind of transport (ship, rail, truck) with the same container.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 4.3 (grade 8) · +1 more
internal controlEnglish
The policies and procedures a business uses to protect its assets, keep accurate records, operate efficiently and follow laws.
Accounting, Lesson 5.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.4 (grade 5)
The policies and procedures a business uses to protect its assets, keep accurate records, operate efficiently and follow laws.
Accounting, Lesson 5.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.4 (grade 5)
internal controlsEnglish
The rules and checks inside a business that protect its assets and make its records reliable, such as two people counting cash.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
The rules and checks inside a business that protect its assets and make its records reliable, such as two people counting cash.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
internal rate of return (IRR)English
The discount rate at which an investment’s net present value equals exactly zero; the return the investment itself earns.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
The discount rate at which an investment’s net present value equals exactly zero; the return the investment itself earns.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
International Monetary Fund (IMF)English
An organization created at Bretton Woods to lend to countries with temporary balance-of-payments problems and to oversee exchange rates.
Economics & the History of Money, Lesson 6.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.3 (grade 7)
An organization created at Bretton Woods to lend to countries with temporary balance-of-payments problems and to oversee exchange rates.
Economics & the History of Money, Lesson 6.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.3 (grade 7)
interpleaderEnglish
A court action in which a stakeholder, such as a broker holding disputed earnest money, deposits the funds with the court and asks it to decide who is entitled to them.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
A court action in which a stakeholder, such as a broker holding disputed earnest money, deposits the funds with the court and asks it to decide who is entitled to them.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
intestateEnglish
Dying without a valid will; state law then decides who inherits.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
Dying without a valid will; state law then decides who inherits.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
intragovernmental debtEnglish
Federal debt held by federal trust funds, such as the Social Security trust funds: money one part of the government owes another.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
Federal debt held by federal trust funds, such as the Social Security trust funds: money one part of the government owes another.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
intrinsic valueEnglish
An estimate of what an asset is worth based on the income or use it will provide.
Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
An estimate of what an asset is worth based on the income or use it will provide.
Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
inventEnglish
To make something new that did not exist before.
Grade 2 Business & Finance, Lesson 6.1 (grade 2) · Kindergarten Business & Finance, Lesson 6.1 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 4.4 (grade 3) · +2 more
To make something new that did not exist before.
Grade 2 Business & Finance, Lesson 6.1 (grade 2) · Kindergarten Business & Finance, Lesson 6.1 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 4.4 (grade 3) · +2 more
inventionEnglish
A new product or way of doing something.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 4 Business & Finance, Lesson 5.2 (grade 4) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.3 (grade 7) · +3 more
A new product or way of doing something.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 4 Business & Finance, Lesson 5.2 (grade 4) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.3 (grade 7) · +3 more
inventorEnglish
A person who creates a new device or method. An inventor becomes an entrepreneur only when he or she brings it to customers as a business.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 6.1 (grade 1) · Kindergarten Engineering & Physics, Lesson 8.4 (grade K) · +1 more
A person who creates a new device or method. An inventor becomes an entrepreneur only when he or she brings it to customers as a business.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 6.1 (grade 1) · Kindergarten Engineering & Physics, Lesson 8.4 (grade K) · +1 more
inventoryEnglish
Materials and goods the business holds to make or sell; cash tied up until sold.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 9.2 (grade 2) · +3 more
Materials and goods the business holds to make or sell; cash tied up until sold.
Entrepreneurship & Sales, Lesson 4.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 9.2 (grade 2) · +3 more
inventory countEnglish
Counting the goods and supplies actually on hand to check them against the records.
Grade 6 Business & Finance, Lesson 9.3 (grade 6)
Counting the goods and supplies actually on hand to check them against the records.
Grade 6 Business & Finance, Lesson 9.3 (grade 6)
inventory (Pacioli’s sense)English
A complete written list, made when the books are opened, of everything a merchant owns and owes, each with a money value.
Accounting, Lesson 1.1 (grade 9–12)
A complete written list, made when the books are opened, of everything a merchant owns and owes, each with a money value.
Accounting, Lesson 1.1 (grade 9–12)
inventory turnoverEnglish
Cost of goods sold ÷ average inventory: how many times a year inventory is sold and replaced.
Accounting, Lesson 6.5 (grade 9–12)
Cost of goods sold ÷ average inventory: how many times a year inventory is sold and replaced.
Accounting, Lesson 6.5 (grade 9–12)
inverse condemnationEnglish
A lawsuit by an owner against a government that has effectively taken or damaged the owner’s property without bringing a condemnation action.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
A lawsuit by an owner against a government that has effectively taken or damaged the owner’s property without bringing a condemnation action.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
inverted yield curveEnglish
A curve on which short-term yields exceed long-term yields; historically it has preceded recessions.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
A curve on which short-term yields exceed long-term yields; historically it has preceded recessions.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
investEnglish
To use money to make more money later.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 3 Business & Finance, Lesson 6.1 (grade 3)
To use money to make more money later.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 3 Business & Finance, Lesson 6.1 (grade 3)
investing activitiesEnglish
Buying and selling long-term assets (equipment, buildings, land) and investments.
Accounting, Lesson 4.4 (grade 9–12)
Buying and selling long-term assets (equipment, buildings, land) and investments.
Accounting, Lesson 4.4 (grade 9–12)
investmentEnglish
Money or time put into a business now in hope of a return later.
Grade 5 Business & Finance, Lesson 6.1 (grade 5) · Grade 6 Business & Finance, Lesson 1.1 (grade 6) · Explore Hospitality and Home · Expert, Stop 4.1 (Ages 14+)
Money or time put into a business now in hope of a return later.
Grade 5 Business & Finance, Lesson 6.1 (grade 5) · Grade 6 Business & Finance, Lesson 1.1 (grade 6) · Explore Hospitality and Home · Expert, Stop 4.1 (Ages 14+)
investment adviser (IA)English
A person or firm that, for compensation, engages in the business of advising others about the value of securities or the advisability of buying or selling them.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
A person or firm that, for compensation, engages in the business of advising others about the value of securities or the advisability of buying or selling them.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
investment adviser representative (IAR)English
An individual who works for an investment adviser and gives advice, manages accounts, solicits clients or supervises those who do.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
An individual who works for an investment adviser and gives advice, manages accounts, solicits clients or supervises those who do.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
investment adviser representative registrationEnglish
The state licensing that follows a pass — the exam qualifies you; only the state Administrator's registration lets you work.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The state licensing that follows a pass — the exam qualifies you; only the state Administrator's registration lets you work.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
Investment Advisers Act of 1940English
The federal law requiring investment advisers to register and dealing with their conduct, read since 1963 as imposing fiduciary duties.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The federal law requiring investment advisers to register and dealing with their conduct, read since 1963 as imposing fiduciary duties.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
Investment Company Act of 1940English
The federal act regulating pooled investments — mutual funds, closed-end funds, unit investment trusts and face-amount certificate companies — and requiring them to register with the SEC.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The federal act regulating pooled investments — mutual funds, closed-end funds, unit investment trusts and face-amount certificate companies — and requiring them to register with the SEC.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
investment contractEnglish
The catch-all category defined by Howey: an investment of money in a common enterprise with an expectation of profits from the efforts of others.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
The catch-all category defined by Howey: an investment of money in a common enterprise with an expectation of profits from the efforts of others.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
investment gradeEnglish
Ratings of Baa3/BBB− or higher on the Moody’s and S&P scales; below that line a bond is high-yield (junk).
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
Ratings of Baa3/BBB− or higher on the Moody’s and S&P scales; below that line a bond is high-yield (junk).
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
investment (I)English
Spending on new capital: factories, machines, buildings, homes and inventories.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
Spending on new capital: factories, machines, buildings, homes and inventories.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
investment memoEnglish
A short written case for or against a deal: the property, the market, the numbers, the risks, the offer and the verdict, with supporting worksheets attached.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12)
A short written case for or against a deal: the property, the market, the numbers, the risks, the offer and the verdict, with supporting worksheets attached.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12)
investment policy statementEnglish
A written document — standard for foundations, endowments and pension plans — stating objectives, spending needs, asset-allocation ranges and the criteria for choosing and monitoring investments.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
A written document — standard for foundations, endowments and pension plans — stating objectives, spending needs, asset-allocation ranges and the criteria for choosing and monitoring investments.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
investment propertyEnglish
A property the borrower does not occupy as a home and holds to earn rent or profit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
A property the borrower does not occupy as a home and holds to earn rent or profit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
investorEnglish
A person who puts money into a project, hoping to share in its profits later.
Grade 4 Business & Finance, Lesson 4.2 (grade 4) · Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 4 Business & Finance, Lesson 6.1 (grade 4)
A person who puts money into a project, hoping to share in its profits later.
Grade 4 Business & Finance, Lesson 4.2 (grade 4) · Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 4 Business & Finance, Lesson 6.1 (grade 4)
investor agreementEnglish
A written agreement setting out how much an investor or lender provides, on what terms, and how and when he will be repaid or share in profits.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
A written agreement setting out how much an investor or lender provides, on what terms, and how and when he will be repaid or share in profits.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
investor reportEnglish
A letter or report to investors explaining what happened, the results, the problems and the plans.
Grade 8 Business & Finance, Lesson 9.4 (grade 8)
A letter or report to investors explaining what happened, the results, the problems and the plans.
Grade 8 Business & Finance, Lesson 9.4 (grade 8)
investor-friendly agentEnglish
A licensed real estate agent who understands rental math, pulls sale and rent comparables, and writes offers quickly on investment property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
A licensed real estate agent who understands rental math, pulls sale and rent comparables, and writes offers quickly on investment property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
invisible handEnglish
Smith’s picture of how, in a market with competition and honest rules, people seeking their own good are led to serve the good of others.
Grade 7 Business & Finance, Lesson 1.3 (grade 7)
Smith’s picture of how, in a market with competition and honest rules, people seeking their own good are led to serve the good of others.
Grade 7 Business & Finance, Lesson 1.3 (grade 7)
IRAEnglish
Individual retirement account: a personal tax-advantaged retirement account.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
Individual retirement account: a personal tax-advantaged retirement account.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
irrevocable beneficiaryEnglish
A designation that vests a right in the beneficiary: the owner cannot change it, assign the policy, borrow its value or surrender it without that beneficiary’s written consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A designation that vests a right in the beneficiary: the owner cannot change it, assign the policy, borrow its value or surrender it without that beneficiary’s written consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
IRVEnglish
The capitalization formula: income = rate × value, so value = income ÷ rate and rate = income ÷ value.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
The capitalization formula: income = rate × value, so value = income ÷ rate and rate = income ÷ value.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
issuer transactionEnglish
A sale whose proceeds go to the issuer — a new issue; a non-issuer transaction is one between investors, where the issuer receives nothing (ordinary market trading).
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
A sale whose proceeds go to the issuer — a new issue; a non-issuer transaction is one between investors, where the issuer receives nothing (ordinary market trading).
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
itemized statementEnglish
The written list of deductions from a security deposit, with amounts, that most states require a landlord to send within a set deadline.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
The written list of deductions from a security deposit, with amounts, that most states require a landlord to send within a set deadline.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
J
jidokaEnglish
Building quality in by stopping the process the moment a problem appears, so it can be fixed at its cause.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
Building quality in by stopping the process the moment a problem appears, so it can be fixed at its cause.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
jobEnglish
A piece of work a person does. Some jobs are done at home for love; some jobs are done for pay.
Grade 1 Business & Finance, Lesson 1.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Kindergarten Business & Finance, Lesson 1.1 (grade K) · +1 more
A piece of work a person does. Some jobs are done at home for love; some jobs are done for pay.
Grade 1 Business & Finance, Lesson 1.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Kindergarten Business & Finance, Lesson 1.1 (grade K) · +1 more
job logEnglish
A record of each job: date, customer, what was done, time spent and payment.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
A record of each job: date, customer, what was done, time spent and payment.
Grade 4 Business & Finance, Lesson 9.3 (grade 4)
job offerEnglish
An employer’s statement of the position, pay, hours, benefits and start date.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
An employer’s statement of the position, pay, hours, benefits and start date.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
job to be doneEnglish
The progress a customer is trying to make in a situation; people “hire” a product to do that job.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
The progress a customer is trying to make in a situation; people “hire” a product to do that job.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
job-order costingEnglish
Accumulating costs for each separate job or batch, used when products differ.
Accounting, Lesson 10.2 (grade 9–12)
Accumulating costs for each separate job or batch, used when products differ.
Accounting, Lesson 10.2 (grade 9–12)
joint and survivor optionEnglish
A life income on two lives: payments continue while either person is alive, often reduced to two-thirds or one-half after the first death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A life income on two lives: payments continue while either person is alive, often reduced to two-thirds or one-half after the first death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
joint booksEnglish
Accounts kept by partners together, so that both can see every sale, cost and balance.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
Accounts kept by partners together, so that both can see every sale, cost and balance.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
joint life vs. survivorship lifeEnglish
Joint (first-to-die) covers two lives and pays at the first death; survivorship (second-to-die) pays at the second, commonly for estate costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Joint (first-to-die) covers two lives and pays at the first death; survivorship (second-to-die) pays at the second, commonly for estate costs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
joint planEnglish
A written plan both partners agree on before they begin.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
A written plan both partners agree on before they begin.
Grade 7 Business & Finance, Lesson 9.1 (grade 7)
joint tenancyEnglish
Co-ownership with equal undivided interests and a right of survivorship, requiring the four unities of possession, interest, time and title.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
Co-ownership with equal undivided interests and a right of survivorship, requiring the four unities of possession, interest, time and title.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
joint ventureEnglish
A partnership formed for a single project or property, with terms that end when the project ends.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A partnership formed for a single project or property, with terms that end when the project ends.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
joint-stock companyEnglish
A company owned by shareholders who can buy and sell their shares.
Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 2.4 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 3.2 (grade 8)
A company owned by shareholders who can buy and sell their shares.
Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 2.4 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 3.2 (grade 8)
Jones v. Alfred H. Mayer Co. (1968)English
Supreme Court decision holding that the 1866 Act forbids private, not just governmental, racial discrimination in the sale and rental of property.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Supreme Court decision holding that the 1866 Act forbids private, not just governmental, racial discrimination in the sale and rental of property.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
journalEnglish
The book of original entry: every transaction recorded in date order, with its debits and credits, before it is posted to the ledger.
Accounting, Lesson 2.2 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.4 (grade 3) · Grade 5 Business & Finance, Lesson 7.1 (grade 5) · +3 more
The book of original entry: every transaction recorded in date order, with its debits and credits, before it is posted to the ledger.
Accounting, Lesson 2.2 (grade 9–12) · Grade 3 Business & Finance, Lesson 7.4 (grade 3) · Grade 5 Business & Finance, Lesson 7.1 (grade 5) · +3 more
journeymanEnglish
A trained worker who has finished his apprenticeship and works for daily wages.
Grade 3 Business & Finance, Lesson 3.4 (grade 3)
A trained worker who has finished his apprenticeship and works for daily wages.
Grade 3 Business & Finance, Lesson 3.4 (grade 3)
JTWROSEnglish
Joint tenants with right of survivorship: co-owners hold equal undivided interests, and at a death the survivor automatically takes all, outside probate — the standard registration for spouses.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
Joint tenants with right of survivorship: co-owners hold equal undivided interests, and at a death the survivor automatically takes all, outside probate — the standard registration for spouses.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
judgment for possessionEnglish
A court’s order that the landlord is entitled to possession of the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A court’s order that the landlord is entitled to possession of the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
judicial bondsEnglish
Court-required bonds, such as fiduciary bonds guaranteeing the honest administration of estates and guardianships, or appeal bonds securing judgments.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Court-required bonds, such as fiduciary bonds guaranteeing the honest administration of estates and guardianships, or appeal bonds securing judgments.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
judicial foreclosureEnglish
Foreclosure through a lawsuit in court, ending in a court-ordered public sale, commonly conducted by the sheriff.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
Foreclosure through a lawsuit in court, ending in a court-ordered public sale, commonly conducted by the sheriff.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
just cause (for-cause) terminationEnglish
A rule allowing a landlord to end certain tenancies only for reasons listed in the law, rather than without stating a reason.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
A rule allowing a landlord to end certain tenancies only for reasons listed in the law, rather than without stating a reason.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
just compensationEnglish
The payment owed for property taken by eminent domain, measured by its fair market value at the time of the taking.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The payment owed for property taken by eminent domain, measured by its fair market value at the time of the taking.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
just weightEnglish
An honest weight that is exactly as heavy as it says it is.
Grade 1 Business & Finance, Lesson 5.1 (grade 1) · Grade 2 Business & Finance, Lesson 5.1 (grade 2) · Grade 3 Business & Finance, Lesson 5.4 (grade 3) · +3 more
An honest weight that is exactly as heavy as it says it is.
Grade 1 Business & Finance, Lesson 5.1 (grade 1) · Grade 2 Business & Finance, Lesson 5.1 (grade 2) · Grade 3 Business & Finance, Lesson 5.4 (grade 3) · +3 more
just-in-timeEnglish
Making or delivering what is needed, when it is needed, in the amount needed, instead of building large inventories.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
Making or delivering what is needed, when it is needed, in the amount needed, instead of building large inventories.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
juvenile insurance and family riderEnglish
Coverage on minors applied for by an adult, and the rider package adding term coverage for a spouse and children to a breadwinner’s base policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
Coverage on minors applied for by an adult, and the rider package adding term coverage for a spouse and children to a breadwinner’s base policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
K
kaizenEnglish
Continuous improvement: making many small changes, often suggested by workers, to make work better every day.
Grade 6 Business & Finance, Lesson 4.4 (grade 6)
Continuous improvement: making many small changes, often suggested by workers, to make work better every day.
Grade 6 Business & Finance, Lesson 4.4 (grade 6)
kanbanEnglish
A card or signal that tells an earlier step to make or send more only when the later step has used some up.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
A card or signal that tells an earlier step to make or send more only when the later step has used some up.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.4 (grade 6)
keroseneEnglish
A lamp oil refined from crude petroleum; in the 1860s it replaced whale oil and other costlier lighting fuels.
Economics & the History of Money, Lesson 2.2 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 4.1 (grade 8)
A lamp oil refined from crude petroleum; in the 1860s it replaced whale oil and other costlier lighting fuels.
Economics & the History of Money, Lesson 2.2 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 4.1 (grade 8)
key performance indicator (KPI)English
A number that shows how well a business is meeting an important goal.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12)
A number that shows how well a business is meeting an important goal.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12)
Keynesian economicsEnglish
The school, after John Maynard Keynes, holding that government should spend more or tax less in downturns to lift total demand, and reverse in booms.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
The school, after John Maynard Keynes, holding that government should spend more or tax less in downturns to lift total demand, and reverse in booms.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
kick-out clauseEnglish
A provision letting a seller who has accepted a contingent offer keep marketing the property and require the buyer to remove a contingency within a set time or release the contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
A provision letting a seller who has accepted a contingent offer keep marketing the property and require the buyer to remove a contingency within a set time or release the contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
kiddie taxEnglish
The rule taxing a child’s unearned income above a small threshold at the parents’ rate, so custodial accounts cannot be used to shift the family tax bill to the children.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
The rule taxing a child’s unearned income above a small threshold at the parents’ rate, so custodial accounts cannot be used to shift the family tax bill to the children.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
kingEnglish
A man who rules a country.
Kindergarten Business & Finance, Lesson 2.2 (grade K) · Sports & Games of the World, Lesson 8.2 (grade 4–7) · Tactics & Strategy, Lesson 2.1 (grade 4–7)
A man who rules a country.
Kindergarten Business & Finance, Lesson 2.2 (grade K) · Sports & Games of the World, Lesson 8.2 (grade 4–7) · Tactics & Strategy, Lesson 2.1 (grade 4–7)
KontorEnglish
A trading office and settlement the Hansa kept in a foreign city, such as London, Bruges, Bergen or Novgorod.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
A trading office and settlement the Hansa kept in a foreign city, such as London, Bruges, Bergen or Novgorod.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
L
laborEnglish
The work people do with their hands and minds.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Grade 5 Business & Finance, Lesson 5.1 (grade 5) · Grade 7 Business & Finance, Lesson 5.1 (grade 7) · +1 more
The work people do with their hands and minds.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Grade 5 Business & Finance, Lesson 5.1 (grade 5) · Grade 7 Business & Finance, Lesson 5.1 (grade 7) · +1 more
labor cost per unitEnglish
How much the employer pays in wages for each item made: wage per hour ÷ items made per hour.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
How much the employer pays in wages for each item made: wage per hour ÷ items made per hour.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
labor forceEnglish
People 16 and older who are either employed or unemployed (without a job and actively looking for one).
Economics & the History of Money, Lesson 9.2 (grade 11–12)
People 16 and older who are either employed or unemployed (without a job and actively looking for one).
Economics & the History of Money, Lesson 9.2 (grade 11–12)
labor mobilityEnglish
How easily workers can move to another job or another town.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
How easily workers can move to another job or another town.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
labor unionEnglish
An organization of workers that bargains with employers over wages, hours and conditions.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
An organization of workers that bargains with employers over wages, hours and conditions.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
laboratoryEnglish
A room or building where people test ideas and do experiments.
Grade 4 Business & Finance, Lesson 6.1 (grade 4)
A room or building where people test ideas and do experiments.
Grade 4 Business & Finance, Lesson 6.1 (grade 4)
labor-force participation rateEnglish
The labor force divided by the adult (16+) civilian population, as a percent.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
The labor force divided by the adult (16+) civilian population, as a percent.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
lachesEnglish
An equitable defense that bars enforcement when the party entitled to enforce waited unreasonably long and the delay harmed the other party.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
An equitable defense that bars enforcement when the party entitled to enforce waited unreasonably long and the delay harmed the other party.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
lagging indicatorEnglish
A number that shows results after the fact (sales, profit).
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
A number that shows results after the fact (sales, profit).
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
landEnglish
The earth’s surface, extending downward to the center of the earth and upward into the airspace, including things permanently attached by nature such as trees and water.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 2.1 (grade K)
The earth’s surface, extending downward to the center of the earth and upward into the airspace, including things permanently attached by nature such as trees and water.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 2.1 (grade K)
land trustEnglish
A trust in which real estate is the only asset, the trustee holds title of record, and the beneficiary controls the property and holds a personal-property interest.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
A trust in which real estate is the only asset, the trustee holds title of record, and the beneficiary controls the property and holds a personal-property interest.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
landlord (dwelling) insuranceEnglish
A property insurance policy written for a home rented to others, covering the building, the owner’s liability and often loss of rents; different from a homeowner’s policy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
A property insurance policy written for a home rented to others, covering the building, the owner’s liability and often loss of rents; different from a homeowner’s policy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
landlord (dwelling) policyEnglish
Property insurance written for a home rented to others, covering the building, liability and often lost rent, rather than the owner’s personal belongings.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
Property insurance written for a home rented to others, covering the building, liability and often lost rent, rather than the owner’s personal belongings.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
landlord-friendlinessEnglish
Investor shorthand for how a state’s and city’s landlord–tenant laws affect notice periods, rent limits, eviction timelines and compliance costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
Investor shorthand for how a state’s and city’s landlord–tenant laws affect notice periods, rent limits, eviction timelines and compliance costs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
landlord–tenant actEnglish
A state statute governing residential rentals: deposits, rent, notices, entry, repairs, termination and eviction.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
A state statute governing residential rentals: deposits, rent, notices, entry, repairs, termination and eviction.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
late feeEnglish
A charge stated in the lease for rent paid after the due date and any grace period, limited in amount or timing by some states.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
A charge stated in the lease for rent paid after the due date and any grace period, limited in amount or timing by some states.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
LATE professionalsEnglish
Lawyers, Accountants, Teachers and Engineers, excluded from the IA definition when their advice is solely incidental to their profession and carries no special compensation.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
Lawyers, Accountants, Teachers and Engineers, excluded from the IA definition when their advice is solely incidental to their profession and carries no special compensation.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
latent defectEnglish
A hidden defect that would not be discovered by an ordinary, reasonable inspection, such as a cracked foundation under carpet.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
A hidden defect that would not be discovered by an ordinary, reasonable inspection, such as a cracked foundation under carpet.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
latte factorEnglish
A modern name for small, repeated purchases that add up to a large yearly cost.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
A modern name for small, repeated purchases that add up to a large yearly cost.
Personal Finance & Investing, Lesson 1.5 (grade 9–12)
launchEnglish
The start of selling a product or service to customers.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12) · Explore Dinosaurs, Stop 5.5 (Ages 7–9)
The start of selling a product or service to customers.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12) · Explore Dinosaurs, Stop 5.5 (Ages 7–9)
launch checklistEnglish
A list of everything that must be ready before opening, with who is responsible and by when.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
A list of everything that must be ready before opening, with who is responsible and by when.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
lawEnglish
A rule made for a whole town, state or country that everyone must follow.
Grade 1 Business & Finance, Lesson 5.3 (grade 1) · Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.2 (grade 3)
A rule made for a whole town, state or country that everyone must follow.
Grade 1 Business & Finance, Lesson 5.3 (grade 1) · Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.2 (grade 3)
law of agencyEnglish
The body of law under which one person, the agent, is authorized to act on behalf of another, the principal, whose legal position the agent’s authorized acts bind.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
The body of law under which one person, the agent, is authorized to act on behalf of another, the principal, whose legal position the agent’s authorized acts bind.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
law of demandEnglish
Other things equal, when the price of a good falls, the quantity demanded rises, and when the price rises, the quantity demanded falls.
Economics & the History of Money, Lesson 2.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
Other things equal, when the price of a good falls, the quantity demanded rises, and when the price rises, the quantity demanded falls.
Economics & the History of Money, Lesson 2.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
law of large numbersEnglish
The statistical principle that as the number of similar, independent exposures grows, actual results come ever closer to expected results, making losses predictable for the group.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Personal Finance & Investing, Lesson 5.1 (grade 9–12) · Playing the Odds, Lesson 1.5 (grade 8–12) · +1 more
The statistical principle that as the number of similar, independent exposures grows, actual results come ever closer to expected results, making losses predictable for the group.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Personal Finance & Investing, Lesson 5.1 (grade 9–12) · Playing the Odds, Lesson 1.5 (grade 8–12) · +1 more
law of one priceEnglish
The idea that an identical good should sell for the same price everywhere once prices are converted to one currency, if trade is free and cheap.
Economics & the History of Money, Lesson 10.2 (grade 11–12)
The idea that an identical good should sell for the same price everywhere once prices are converted to one currency, if trade is free and cheap.
Economics & the History of Money, Lesson 10.2 (grade 11–12)
law of supplyEnglish
Other things equal, when the price of a good rises, the quantity supplied rises.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
Other things equal, when the price of a good rises, the quantity supplied rises.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
lead timeEnglish
The time from placing an order with a supplier to receiving it.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.5 (grade 9–12)
The time from placing an order with a supplier to receiving it.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.5 (grade 9–12)
lead-based paint disclosureEnglish
The federal requirement that sellers and landlords of housing built before 1978 disclose known lead-based paint and hazards, provide records and an EPA pamphlet, include a warning statement and, for buyers, offer a 10-day opportunity to test.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
The federal requirement that sellers and landlords of housing built before 1978 disclose known lead-based paint and hazards, provide records and an EPA pamphlet, include a warning statement and, for buyers, offer a 10-day opportunity to test.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
lead-based paint disclosure ruleEnglish
The federal rule requiring sellers and landlords of most housing built before 1978 to disclose known lead-based paint and hazards, give the EPA pamphlet and, for buyers, a 10-day opportunity to test.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
The federal rule requiring sellers and landlords of most housing built before 1978 to disclose known lead-based paint and hazards, give the EPA pamphlet and, for buyers, a 10-day opportunity to test.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
leading indicatorEnglish
A number that tends to change before results do (conversations held, samples given).
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
A number that tends to change before results do (conversations held, samples given).
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
leading questionEnglish
A question that suggests the answer the asker wants (“Wouldn’t you love…?”). It produces flattering but useless data.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6)
A question that suggests the answer the asker wants (“Wouldn’t you love…?”). It produces flattering but useless data.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6)
lead-safe certified firmEnglish
A contractor or company certified by EPA (or an authorized state) whose workers are certified renovators or trained by one.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
A contractor or company certified by EPA (or an authorized state) whose workers are certified renovators or trained by one.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
lean planEnglish
A short plan (a few pages) focused on the key assumptions, numbers and next steps rather than long description.
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12)
A short plan (a few pages) focused on the key assumptions, numbers and next steps rather than long description.
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12)
lean productionEnglish
Making what customers want with the least waste of time, materials, motion and effort.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12)
Making what customers want with the least waste of time, materials, motion and effort.
Entrepreneurship & Sales, Lesson 8.2 (grade 9–12)
leaseEnglish
A contract to use an asset for a period in exchange for payments. Under current U.S. GAAP, most leases longer than a year are recorded as a right-of-use asset and a lease liability.
Accounting, Lesson 7.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.2 (grade 8) · Personal Finance & Investing, Lesson 9.2 (grade 9–12) · +3 more
A contract to use an asset for a period in exchange for payments. Under current U.S. GAAP, most leases longer than a year are recorded as a right-of-use asset and a lease liability.
Accounting, Lesson 7.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.2 (grade 8) · Personal Finance & Investing, Lesson 9.2 (grade 9–12) · +3 more
leased feeEnglish
The landlord’s interest in leased property: ownership of the fee plus the right to rent and the reversion.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
The landlord’s interest in leased property: ownership of the fee plus the right to rent and the reversion.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
leasehold estateEnglish
A tenant’s right to possess real property for a period of time under a lease, without ownership of the fee; also called a non-freehold estate.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
A tenant’s right to possess real property for a period of time under a lease, without ownership of the fee; also called a non-freehold estate.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
leasehold improvementsEnglish
Building out rented space: walls, plumbing, counters, electrical.
Seven Small Businesses, Lesson 1.6 (grade 9–12)
Building out rented space: walls, plumbing, counters, electrical.
Seven Small Businesses, Lesson 1.6 (grade 9–12)
lease-optionEnglish
A lease that gives the tenant the right, but not the obligation, to buy the property on stated terms during the lease.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
A lease that gives the tenant the right, but not the obligation, to buy the property on stated terms during the lease.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
lease-purchaseEnglish
A lease in which the tenant agrees to buy the property on stated terms, so both parties are obligated to the sale.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
A lease in which the tenant agrees to buy the property on stated terms, so both parties are obligated to the sale.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
lease-upEnglish
The time it takes a new facility to fill to a steady occupancy.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
The time it takes a new facility to fill to a steady occupancy.
Seven Small Businesses, Lesson 1.4 (grade 9–12)
leasing (placement) feeEnglish
A fee charged when the manager finds and signs a new tenant, commonly a share of one month’s rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
A fee charged when the manager finds and signs a new tenant, commonly a share of one month’s rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
ledgerEnglish
A book where you write down money coming in and going out.
Grade 2 Business & Finance, Lesson 7.3 (grade 2) · Grade 3 Business & Finance, Lesson 7.2 (grade 3) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · +3 more
A book where you write down money coming in and going out.
Grade 2 Business & Finance, Lesson 7.3 (grade 2) · Grade 3 Business & Finance, Lesson 7.2 (grade 3) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · +3 more
legacyEnglish
Money intentionally left behind beyond needs — an inheritance, a gift to a church or school — which life insurance can create at the moment it is needed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Personal Finance & Investing, Lesson 10.3 (grade 9–12)
Money intentionally left behind beyond needs — an inheritance, a gift to a church or school — which life insurance can create at the moment it is needed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Personal Finance & Investing, Lesson 10.3 (grade 9–12)
legal actions provisionEnglish
The insured may not sue on the policy sooner than 60 days after proof of loss, nor later than 3 years (commonly) after proof was due.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The insured may not sue on the policy sooner than 60 days after proof of loss, nor later than 3 years (commonly) after proof was due.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
legal descriptionEnglish
A description of land, recognized by law, that is complete enough for a competent surveyor to locate the parcel exactly; the three methods are metes and bounds, the rectangular survey and lot and block.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
A description of land, recognized by law, that is complete enough for a competent surveyor to locate the parcel exactly; the three methods are metes and bounds, the rectangular survey and lot and block.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
legal life estateEnglish
A life estate created by law rather than by deed or will — historically dower and curtesy, and today the homestead protection in many states.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
A life estate created by law rather than by deed or will — historically dower and curtesy, and today the homestead protection in many states.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
legal purposeEnglish
The requirement that a contract not be against the law or public policy; insurable interest and consent keep an insurance contract from being a wager.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
The requirement that a contract not be against the law or public policy; insurable interest and consent keep an insurance contract from being a wager.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
legal tenderEnglish
Money that the law says must be accepted to pay debts.
Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
Money that the law says must be accepted to pay debts.
Grade 3 Business & Finance, Lesson 2.4 (grade 3) · Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Grade 5 Business & Finance, Lesson 2.4 (grade 5) · +2 more
legally competent partiesEnglish
Parties who have reached the age of majority, are of sound mind and are not otherwise legally incapacitated, so that they can be bound by a contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
Parties who have reached the age of majority, are of sound mind and are not otherwise legally incapacitated, so that they can be bound by a contract.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
lenderEnglish
A person or bank that lends money to a business to help it start or grow.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
A person or bank that lends money to a business to help it start or grow.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
lender of last resortEnglish
An institution that lends to sound banks in a panic when no one else will.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.3 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
An institution that lends to sound banks in a panic when no one else will.
Economics & the History of Money, Lesson 5.2 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.3 (grade 6) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
lesseeEnglish
The tenant — the party who receives the right of possession under the lease.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
The tenant — the party who receives the right of possession under the lease.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
lessonEnglish
Something you learn and will remember next time.
Kindergarten Business & Finance, Lesson 9.4 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 1.4 (grade 3) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 7.3 (grade 6)
Something you learn and will remember next time.
Kindergarten Business & Finance, Lesson 9.4 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 1.4 (grade 3) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 7.3 (grade 6)
lesson learnedEnglish
Something you will do better next time.
Grade 2 Business & Finance, Lesson 9.4 (grade 2)
Something you will do better next time.
Grade 2 Business & Finance, Lesson 9.4 (grade 2)
lessorEnglish
The landlord — the owner who grants the lease.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
The landlord — the owner who grants the lease.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
letter of creditEnglish
A written promise from a bank that a person will be paid a sum of money in another city.
Grade 3 Business & Finance, Lesson 4.1 (grade 3)
A written promise from a bank that a person will be paid a sum of money in another city.
Grade 3 Business & Finance, Lesson 4.1 (grade 3)
letter of intent (LOI)English
A pledge to invest enough within 13 months to reach a breakpoint, earning the lower sales charge from the first dollar; it may be backdated up to 90 days.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
A pledge to invest enough within 13 months to reach a breakpoint, earning the lower sales charge from the first dollar; it may be backdated up to 90 days.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
level premiumEnglish
A premium that stays the same for the life of the policy: higher than the pure cost of protection in early years, lower in later years, with the early excess funding the reserve.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
A premium that stays the same for the life of the policy: higher than the pure cost of protection in early years, lower in later years, with the early excess funding the reserve.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
level termEnglish
Term insurance whose face amount stays constant for the whole period, commonly sold with premiums level for 10, 20 or 30 years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Term insurance whose face amount stays constant for the whole period, commonly sold with premiums level for 10, 20 or 30 years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
leverageEnglish
Using borrowed money to increase the size of an investment, which magnifies both gains and losses.
Personal Finance & Investing, Lesson 8.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +2 more
Using borrowed money to increase the size of an investment, which magnifies both gains and losses.
Personal Finance & Investing, Lesson 8.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +2 more
leveraged / inverse fundEnglish
A fund engineered to deliver a multiple, or the opposite, of an index’s return for a single day, resetting daily — so long-period returns drift away from the multiple.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
A fund engineered to deliver a multiple, or the opposite, of an index’s return for a single day, resetting daily — so long-period returns drift away from the multiple.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
leveraged portfolioEnglish
A group of rentals financed with mortgages, producing less cash flow per door but controlling more property per dollar invested.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
A group of rentals financed with mortgages, producing less cash flow per door but controlling more property per dollar invested.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12)
liabilityEnglish
A debt or obligation the business owes to others: accounts payable to suppliers, notes payable to banks, wages owed, taxes owed.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5)
A debt or obligation the business owes to others: accounts payable to suppliers, notes payable to banks, wages owed, taxes owed.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5)
liability coverageEnglish
Pays for injuries and property damage you cause to others; required in nearly every state.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
Pays for injuries and property damage you cause to others; required in nearly every state.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
license and permit bondEnglish
A bond a state or city requires of licensees — contractors, auto dealers, notaries — guaranteeing compliance with the laws governing the license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
A bond a state or city requires of licensees — contractors, auto dealers, notaries — guaranteeing compliance with the laws governing the license.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
license lawEnglish
A state’s statute and rules governing who must be licensed to perform real estate activities, how licenses are earned and kept, and how licensees are disciplined.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
A state’s statute and rules governing who must be licensed to perform real estate activities, how licenses are earned and kept, and how licensees are disciplined.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
license suspension and revocationEnglish
Disciplinary actions that temporarily (suspension) or permanently (revocation) end the right to practice, imposed after notice and an opportunity for a hearing.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
Disciplinary actions that temporarily (suspension) or permanently (revocation) end the right to practice, imposed after notice and an opportunity for a hearing.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
licensed, bonded and insuredEnglish
A contractor who holds the state license required for the work, carries a surety bond and has liability (and, with employees, workers’ compensation) insurance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A contractor who holds the state license required for the work, carries a surety bond and has liability (and, with employees, workers’ compensation) insurance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
lienEnglish
A financial encumbrance — a charge against property that makes it security for the payment of a debt or obligation.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A financial encumbrance — a charge against property that makes it security for the payment of a debt or obligation.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
lien theory and title theoryEnglish
In lien-theory states the borrower keeps title and the lender holds only a lien; in title-theory states the lender (or trustee) holds legal title until the debt is paid; intermediate states pass title to the lender on default.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
In lien-theory states the borrower keeps title and the lender holds only a lien; in title-theory states the lender (or trustee) holds legal title until the debt is paid; intermediate states pass title to the lender on default.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
lien waiverEnglish
A signed release by a contractor, sub or supplier giving up lien rights for amounts paid; conditional waivers take effect when payment clears, unconditional ones immediately.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A signed release by a contractor, sub or supplier giving up lien rights for amounts paid; conditional waivers take effect when payment clears, unconditional ones immediately.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
life estateEnglish
A freehold estate limited to the lifetime of the owner or of another named person.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
A freehold estate limited to the lifetime of the owner or of another named person.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
life income (pure life) payoutEnglish
The payout option paying only while the annuitant lives — the largest monthly payment, with nothing payable after death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
The payout option paying only while the annuitant lives — the largest monthly payment, with nothing payable after death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12)
life income (straight life) optionEnglish
A settlement option paying the beneficiary an income for as long as he or she lives, with payments ending at death — the largest monthly payment of the life options.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A settlement option paying the beneficiary an income for as long as he or she lives, with payments ending at death — the largest monthly payment of the life options.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
lifestyle creepEnglish
The habit of spending more every time income rises, so that nothing more is saved or given.
Grade 8 Business & Finance, Lesson 1.4 (grade 8) · Personal Finance & Investing, Lesson 2.5 (grade 9–12)
The habit of spending more every time income rises, so that nothing more is saved or given.
Grade 8 Business & Finance, Lesson 1.4 (grade 8) · Personal Finance & Investing, Lesson 2.5 (grade 9–12)
lifetime value (LTV)English
The contribution a customer brings over the whole relationship.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
The contribution a customer brings over the whole relationship.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
LIFO (last-in, first-out)English
Assumes the newest goods are sold first; ending inventory consists of the oldest costs. Allowed under U.S. GAAP but not under IFRS.
Accounting, Lesson 6.4 (grade 9–12)
Assumes the newest goods are sold first; ending inventory consists of the oldest costs. Allowed under U.S. GAAP but not under IFRS.
Accounting, Lesson 6.4 (grade 9–12)
like-kind exchange (Section 1031)English
An exchange of real property held for productive use in a trade or business or for investment for other such real property, in which gain is deferred rather than recognized, except to the extent of boot.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
An exchange of real property held for productive use in a trade or business or for investment for other such real property, in which gain is deferred rather than recognized, except to the extent of boot.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
like-kind propertyEnglish
Property of the same nature or character; for exchanges after 2017 only real property qualifies, and almost any U.S. investment or business real estate is like-kind to any other, but U.S. and foreign real property are not.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
Property of the same nature or character; for exchanges after 2017 only real property qualifies, and almost any U.S. investment or business real estate is like-kind to any other, but U.S. and foreign real property are not.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
limit orderEnglish
An order to buy or sell only at a stated price or better — the price is protected, but execution may never happen.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
An order to buy or sell only at a stated price or better — the price is protected, but execution may never happen.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
limited common elementsEnglish
Common elements reserved for the use of one or some units, such as an assigned balcony, patio, storage locker or parking space.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
Common elements reserved for the use of one or some units, such as an assigned balcony, patio, storage locker or parking space.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
limited liabilityEnglish
Stockholders can lose only what they invested; they are not personally liable for the corporation’s debts.
Accounting, Lesson 8.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.1 (grade 7) · +2 more
Stockholders can lose only what they invested; they are not personally liable for the corporation’s debts.
Accounting, Lesson 8.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.1 (grade 7) · +2 more
limited liability company (LLC)English
A business form that gives owners limited liability with simpler rules than a corporation; first allowed by Wyoming in 1977.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
A business form that gives owners limited liability with simpler rules than a corporation; first allowed by Wyoming in 1977.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
limited partnershipEnglish
A partnership with at least one general partner who manages and bears unlimited liability, and limited partners who are passive and can lose only what they invested.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A partnership with at least one general partner who manages and bears unlimited liability, and limited partners who are passive and can lose only what they invested.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
limited partnership (DPP)English
A direct participation program in which a general partner manages the business with unlimited liability while limited partners supply capital, stay passive, and risk only their investment; income and losses flow through to the partners.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
A direct participation program in which a general partner manages the business with unlimited liability while limited partners supply capital, stay passive, and risk only their investment; income and losses flow through to the partners.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
limited policyEnglish
A policy covering only stated perils or expenses — accident-only, cancer, critical illness, hospital indemnity — which must be conspicuously labeled as limited.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
A policy covering only stated perils or expenses — accident-only, cancer, critical illness, hospital indemnity — which must be conspicuously labeled as limited.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
limited-pay whole lifeEnglish
Whole life whose premiums are compressed into a stated period — 20-pay, or paid-up at 65 — after which the policy is paid up but coverage continues for life.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
Whole life whose premiums are compressed into a stated period — 20-pay, or paid-up at 65 — after which the policy is paid up but coverage continues for life.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
line balancingEnglish
Dividing work so every station takes about the same time.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
Dividing work so every station takes about the same time.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
line itemEnglish
One priced entry in a rehab budget — a task with its quantity, unit cost and total, including labor and materials.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
One priced entry in a rehab budget — a task with its quantity, unit cost and total, including labor and materials.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
line of authorityEnglish
A category of insurance — such as life, accident & health, property or casualty — that a producer’s license authorizes him to sell.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · +1 more
A category of insurance — such as life, accident & health, property or casualty — that a producer’s license authorizes him to sell.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · +1 more
liquidated damagesEnglish
A sum agreed in the contract, often the earnest money, as full compensation if a party breaches; enforceable if a reasonable estimate rather than a penalty.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
A sum agreed in the contract, often the earnest money, as full compensation if a party breaches; enforceable if a reasonable estimate rather than a penalty.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
liquidationEnglish
Selling a business’s assets to pay creditors, then closing it (Chapter 7 in U.S. law).
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
Selling a business’s assets to pay creditors, then closing it (Chapter 7 in U.S. law).
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
liquidation priorityEnglish
The order of payment when a company is dissolved: secured creditors, then unsecured creditors and debenture holders, then subordinated debentures, then preferred stockholders, then common stockholders.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
The order of payment when a company is dissolved: secured creditors, then unsecured creditors and debenture holders, then subordinated debentures, then preferred stockholders, then common stockholders.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
liquidityEnglish
The ability to pay debts as they come due in the near term.
Accounting, Lesson 9.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 2.1 (grade 6) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · +3 more
The ability to pay debts as they come due in the near term.
Accounting, Lesson 9.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 2.1 (grade 6) · Grade 6 Business & Finance, Lesson 7.4 (grade 6) · +3 more
liquidity riskEnglish
The risk that an asset cannot be sold quickly at a fair price — thinly traded stocks, real estate, collectibles.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk that an asset cannot be sold quickly at a fair price — thinly traded stocks, real estate, collectibles.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
lis pendensEnglish
A recorded notice that a lawsuit affecting title to or possession of a property is pending, warning anyone who acquires an interest that it is subject to the outcome.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A recorded notice that a lawsuit affecting title to or possession of a property is pending, warning anyone who acquires an interest that it is subject to the outcome.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
listing agreementEnglish
An employment contract between a property owner and a brokerage authorizing the broker to market the property and find a ready, willing and able buyer, in exchange for compensation.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
An employment contract between a property owner and a brokerage authorizing the broker to market the property and find a ready, willing and able buyer, in exchange for compensation.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
littoral rightsEnglish
The rights of an owner whose land borders a large, non-flowing body of water, such as a lake, sea or ocean, to use and enjoy the water and shore.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The rights of an owner whose land borders a large, non-flowing body of water, such as a lake, sea or ocean, to use and enjoy the water and shore.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
live testEnglish
Showing a product working, so listeners can see the proof for themselves.
Grade 8 Business & Finance, Lesson 6.4 (grade 8)
Showing a product working, so listeners can see the proof for themselves.
Grade 8 Business & Finance, Lesson 6.4 (grade 8)
live-in flipEnglish
Buying a home that needs work, living in it as a principal residence while improving it, and selling it after meeting the tax rules for a home sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
Buying a home that needs work, living in it as a principal residence while improving it, and selling it after meeting the tax rules for a home sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
Lloyd’s associationEnglish
A marketplace of individual and corporate underwriters who insure risks through syndicates — not an insurance company itself, a distinction exams enjoy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
A marketplace of individual and corporate underwriters who insure risks through syndicates — not an insurance company itself, a distinction exams enjoy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
loanEnglish
Money borrowed that must be paid back, usually with interest.
Grade 3 Business & Finance, Lesson 8.2 (grade 3) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · Personal Finance & Investing, Lesson 3.1 (grade 9–12)
Money borrowed that must be paid back, usually with interest.
Grade 3 Business & Finance, Lesson 8.2 (grade 3) · Grade 5 Business & Finance, Lesson 8.4 (grade 5) · Personal Finance & Investing, Lesson 3.1 (grade 9–12)
loan agreementEnglish
A written promise stating how much is borrowed, the interest (if any), and when and how it will be repaid.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
A written promise stating how much is borrowed, the interest (if any), and when and how it will be repaid.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
loan constantEnglish
Annual debt service divided by the loan amount; the yearly cost of each borrowed dollar, including principal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
Annual debt service divided by the loan amount; the yearly cost of each borrowed dollar, including principal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
Loan EstimateEnglish
The three-page TRID form showing a loan’s estimated terms, payments and closing costs, delivered or mailed no later than the third business day after the lender receives an application.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
The three-page TRID form showing a loan’s estimated terms, payments and closing costs, delivered or mailed no later than the third business day after the lender receives an application.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
loan-to-value (LTV)English
The loan amount divided by the property’s appraised value or price, whichever the lender uses.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
The loan amount divided by the property’s appraised value or price, whichever the lender uses.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
loan-to-value (LTV) limitEnglish
The maximum loan as a percentage of appraised value that a lender will make for a given property and loan type.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
The maximum loan as a percentage of appraised value that a lender will make for a given property and loan type.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
loan-to-value ratio (LTV)English
The loan amount divided by the lesser of the purchase price or appraised value.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · +1 more
The loan amount divided by the lesser of the purchase price or appraised value.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · +1 more
locationEnglish
The place where a business sells.
Grade 3 Business & Finance, Lesson 9.1 (grade 3) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 1.4 (grade 1) · Grade 6 Spanish, Lesson 2.1 (grade 6)
The place where a business sells.
Grade 3 Business & Finance, Lesson 9.1 (grade 3) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 1.4 (grade 1) · Grade 6 Spanish, Lesson 2.1 (grade 6)
location contractEnglish
An agreement with a building owner that lets the operator place a machine there, often for a share of sales.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
An agreement with a building owner that lets the operator place a machine there, often for a share of sales.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
lockEnglish
A walled section of a canal with gates at each end, where water is raised or lowered to lift boats up or down a hill.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 4 Engineering & Physics, Lesson 6.4 (grade 4) · Grade 7 Engineering & Physics, Lesson 6.3 (grade 7) · +3 more
A walled section of a canal with gates at each end, where water is raised or lowered to lift boats up or down a hill.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 4 Engineering & Physics, Lesson 6.4 (grade 4) · Grade 7 Engineering & Physics, Lesson 6.3 (grade 7) · +3 more
lockoutEnglish
When an employer shuts workers out of the workplace during a dispute; a strike is when workers refuse to work.
Grade 7 Business & Finance, Lesson 5.1 (grade 7)
When an employer shuts workers out of the workplace during a dispute; a strike is when workers refuse to work.
Grade 7 Business & Finance, Lesson 5.1 (grade 7)
lock-up periodEnglish
The months or years during which a private fund’s investors may not withdraw their money.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
The months or years during which a private fund’s investors may not withdraw their money.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
lodging taxEnglish
A state or local tax, also called a transient occupancy or hotel tax, charged on short stays and collected from guests for the government.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
A state or local tax, also called a transient occupancy or hotel tax, charged on short stays and collected from guests for the government.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
London Gold PoolEnglish
An arrangement (1961–1968) in which the United States and European central banks sold gold in London to hold its market price near $35.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
An arrangement (1961–1968) in which the United States and European central banks sold gold in London to hold its market price near $35.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
long-distance investingEnglish
Owning rental property in a market far from home, usually relying on a local agent, property manager and contractors.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
Owning rental property in a market far from home, usually relying on a local agent, property manager and contractors.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
longitudeEnglish
How far east or west a place is, measured in degrees from a starting line. A ship can find its longitude by comparing local time with the time at home: each hour of difference is 15 degrees.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 1.4 (grade 5) · Explore Travel and Faraway Places · Expert, Stop 1.3 (Ages 14+) · +3 more
How far east or west a place is, measured in degrees from a starting line. A ship can find its longitude by comparing local time with the time at home: each hour of difference is 15 degrees.
Grade 6 Business & Finance, Lesson 1.4 (grade 6) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 1.4 (grade 5) · Explore Travel and Faraway Places · Expert, Stop 1.3 (Ages 14+) · +3 more
long-term capital gainEnglish
Gain on a capital asset, or on business real property treated like one, held more than 1 year; short-term gain comes from property held 1 year or less.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Gain on a capital asset, or on business real property treated like one, held more than 1 year; short-term gain comes from property held 1 year or less.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
long-term care (LTC) insuranceEnglish
Insurance paying for extended care — nursing home, assisted living, home care, adult day care — when the insured cannot perform activities of daily living or is cognitively impaired.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Insurance paying for extended care — nursing home, assisted living, home care, adult day care — when the insured cannot perform activities of daily living or is cognitively impaired.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
long-term care riderEnglish
Draws on the policy’s death benefit to pay for qualifying long-term care, trading death benefit for care dollars.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Draws on the policy’s death benefit to pay for qualifying long-term care, trading death benefit for care dollars.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
long-term liabilitiesEnglish
Debts due after more than one year, such as mortgages and long-term notes and bonds.
Accounting, Lesson 4.3 (grade 9–12)
Debts due after more than one year, such as mortgages and long-term notes and bonds.
Accounting, Lesson 4.3 (grade 9–12)
look-back requirementEnglish
The Section 121 rule that the exclusion generally may be used only once in any 2-year period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The Section 121 rule that the exclusion generally may be used only once in any 2-year period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
lossEnglish
When money out is more than money in.
Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Grade 3 Business & Finance, Lesson 7.3 (grade 3)
When money out is more than money in.
Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Grade 3 Business & Finance, Lesson 7.3 (grade 3)
loss assessment coverageEnglish
HO-6 (and homeowners) coverage paying the unit owner's share of an assessment the association levies after a loss exceeds the master policy — commonly $1,000 built in, more by endorsement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
HO-6 (and homeowners) coverage paying the unit owner's share of an assessment the association levies after a loss exceeds the master policy — commonly $1,000 built in, more by endorsement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
loss controlEnglish
The engineering side of insurance: inspections, sprinklers, fire walls and safe practices that reduce the frequency and severity of losses before they happen.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The engineering side of insurance: inspections, sprinklers, fire walls and safe practices that reduce the frequency and severity of losses before they happen.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
loss exposureEnglish
Any person, property or interest that could suffer a loss — the unit an insurer counts and pools.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
Any person, property or interest that could suffer a loss — the unit an insurer counts and pools.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
lot and blockEnglish
A method of legal description that identifies land by its lot and block numbers on a subdivision plat recorded in the county records; also called the recorded plat system.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
A method of legal description that identifies land by its lot and block numbers on a subdivision plat recorded in the county records; also called the recorded plat system.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
lot splitEnglish
Dividing one parcel into two or more legal lots under local subdivision rules so that each can be built on or sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
Dividing one parcel into two or more legal lots under local subdivision rules so that each can be built on or sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
love and bloodEnglish
The exam’s shorthand for relationships close enough to create insurable interest in a life without proof of financial loss — oneself, a spouse and close family.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
The exam’s shorthand for relationships close enough to create insurable interest in a life without proof of financial loss — oneself, a spouse and close family.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
lowball offerEnglish
An offer so far below the amounts ultimately recovered that it shows an attempt to force claimants to litigate or give up — a listed unfair practice when habitual.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
An offer so far below the amounts ultimately recovered that it shows an attempt to force claimants to litigate or give up — a listed unfair practice when habitual.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
loyal customerEnglish
A customer who keeps coming back to the same business because he trusts it.
Grade 4 Business & Finance, Lesson 6.4 (grade 4)
A customer who keeps coming back to the same business because he trusts it.
Grade 4 Business & Finance, Lesson 6.4 (grade 4)
loyaltyEnglish
The duty to place the client’s interests above everyone else’s, including the agent’s own; it forbids secret profits and undisclosed self-dealing.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Explore Heroines of History and Faith, Stop 1.4 (Ages 7–9) · Explore Horses and Ponies, Stop 4.6 (Ages 7–9)
The duty to place the client’s interests above everyone else’s, including the agent’s own; it forbids secret profits and undisclosed self-dealing.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12) · Explore Heroines of History and Faith, Stop 1.4 (Ages 7–9) · Explore Horses and Ponies, Stop 4.6 (Ages 7–9)
lump sumEnglish
A death benefit taken as one payment; generally received by the beneficiary free of income tax.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
A death benefit taken as one payment; generally received by the beneficiary free of income tax.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
luxuryEnglish
A costly thing that people enjoy but do not need.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
A costly thing that people enjoy but do not need.
Grade 3 Business & Finance, Lesson 1.4 (grade 3)
M
machineEnglish
A tool with moving parts that helps do work.
Grade 2 Business & Finance, Lesson 6.2 (grade 2)
A tool with moving parts that helps do work.
Grade 2 Business & Finance, Lesson 6.2 (grade 2)
Made BeaverEnglish
The Hudson’s Bay Company’s unit of value: the worth of one prime beaver pelt, used to price every trade good.
Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 6 Business & Finance, Lesson 4.1 (grade 6)
The Hudson’s Bay Company’s unit of value: the worth of one prime beaver pelt, used to price every trade good.
Grade 4 Business & Finance, Lesson 4.1 (grade 4) · Grade 6 Business & Finance, Lesson 4.1 (grade 6)
mail orderEnglish
Buying goods by sending an order through the mail and having them shipped to you.
Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · Grade 6 Business & Finance, Lesson 6.4 (grade 6) · +1 more
Buying goods by sending an order through the mail and having them shipped to you.
Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 6.4 (grade 4) · Grade 6 Business & Finance, Lesson 6.4 (grade 6) · +1 more
mail-order catalogEnglish
A printed book of goods with prices, from which customers order by mail and receive goods by post or railroad.
Grade 5 Business & Finance, Lesson 3.2 (grade 5)
A printed book of goods with prices, from which customers order by mail and receive goods by post or railroad.
Grade 5 Business & Finance, Lesson 3.2 (grade 5)
maintenance markupEnglish
A percentage some managers add to repair invoices they arrange, which should be disclosed in the agreement.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
A percentage some managers add to repair invoices they arrange, which should be disclosed in the agreement.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
major medical insuranceEnglish
Comprehensive coverage with high maximum benefits, a deductible and coinsurance — the standard modern design, in contrast to basic plans that pay first-dollar but small amounts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
Comprehensive coverage with high maximum benefits, a deductible and coinsurance — the standard modern design, in contrast to basic plans that pay first-dollar but small amounts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
maker and payeeEnglish
The maker is the borrower who signs and promises to pay the note; the payee is the lender to whom payment is promised.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
The maker is the borrower who signs and promises to pay the note; the payee is the lender to whom payment is promised.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
making changeEnglish
Giving back the correct difference when a customer pays more than the price.
Grade 5 Business & Finance, Lesson 9.3 (grade 5) · Explore Crafts and Making · Ranger, Stop 4.7 (Ages 10–13)
Giving back the correct difference when a customer pays more than the price.
Grade 5 Business & Finance, Lesson 9.3 (grade 5) · Explore Crafts and Making · Ranger, Stop 4.7 (Ages 10–13)
MaliEnglish
A rich West African empire, strongest in the 1300s, that controlled much of the gold trade.
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
A rich West African empire, strongest in the 1300s, that controlled much of the gold trade.
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
malpractice insuranceEnglish
Professional liability coverage for professionals whose errors can cause bodily injury — physicians, surgeons, dentists.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
Professional liability coverage for professionals whose errors can cause bodily injury — physicians, surgeons, dentists.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
management agreementEnglish
The written contract between owner and manager establishing the agency and stating the manager’s authority, duties, term, compensation, reporting and the handling of funds.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
The written contract between owner and manager establishing the agency and stating the manager’s authority, duties, term, compensation, reporting and the handling of funds.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
management feeEnglish
The manager’s compensation, most commonly a percentage of rents actually collected, sometimes with leasing, renewal or project fees.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
The manager’s compensation, most commonly a percentage of rents actually collected, sometimes with leasing, renewal or project fees.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
management (industry) accountingEnglish
Accountants employed by a business: staff accountant, cost accountant, controller, chief financial officer.
Accounting, Lesson 9.5 (grade 9–12)
Accountants employed by a business: staff accountant, cost accountant, controller, chief financial officer.
Accounting, Lesson 9.5 (grade 9–12)
managerial accountingEnglish
Accounting information prepared for managers inside a business to plan, control and decide, rather than for outside readers.
Accounting, Lesson 10.1 (grade 9–12)
Accounting information prepared for managers inside a business to plan, control and decide, rather than for outside readers.
Accounting, Lesson 10.1 (grade 9–12)
manipulationEnglish
Trying to get someone to act by trickery, pressure or false impressions instead of honest reasons.
Grade 7 Business & Finance, Lesson 6.3 (grade 7)
Trying to get someone to act by trickery, pressure or false impressions instead of honest reasons.
Grade 7 Business & Finance, Lesson 6.3 (grade 7)
MansaEnglish
The title of the emperor of Mali; it means “king of kings” or “ruler.”
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
The title of the emperor of Mali; it means “king of kings” or “ruler.”
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
manufacturing overheadEnglish
All other factory costs that cannot be traced to a single unit: supervision, factory utilities, depreciation of machines, indirect materials.
Accounting, Lesson 10.2 (grade 9–12)
All other factory costs that cannot be traced to a single unit: supervision, factory utilities, depreciation of machines, indirect materials.
Accounting, Lesson 10.2 (grade 9–12)
margin buyingEnglish
Buying stock partly with borrowed money, paying only part of the price yourself.
Grade 7 Business & Finance, Lesson 8.3 (grade 7)
Buying stock partly with borrowed money, paying only part of the price yourself.
Grade 7 Business & Finance, Lesson 8.3 (grade 7)
margin callEnglish
A broker’s demand for more money when the value of securities bought on margin falls; if not met, the broker sells them.
Personal Finance & Investing, Lesson 8.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
A broker’s demand for more money when the value of securities bought on margin falls; if not met, the broker sells them.
Personal Finance & Investing, Lesson 8.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
margin of safetyEnglish
How far sales can fall before the business reaches break-even.
Accounting, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 5.2 (grade 9–12)
How far sales can fall before the business reaches break-even.
Accounting, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 5.2 (grade 9–12)
marginalEnglish
Additional or extra: the change from one more (or one less) unit.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 1.1 (grade 8)
Additional or extra: the change from one more (or one less) unit.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Grade 8 Business & Finance, Lesson 1.1 (grade 8)
marginal and average tax rateEnglish
The marginal rate is the rate on your next dollar; the average (effective) rate is total tax ÷ income.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
The marginal rate is the rate on your next dollar; the average (effective) rate is total tax ÷ income.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
marginal product of labor (MPL)English
The extra output from hiring one more worker, other inputs held constant.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
The extra output from hiring one more worker, other inputs held constant.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
marginal revenueEnglish
The extra revenue from selling one more unit; for a price taker it equals the price.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
The extra revenue from selling one more unit; for a price taker it equals the price.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
marginal revenue product (MRP)English
The extra revenue from hiring one more worker: the marginal product times the price of output.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
The extra revenue from hiring one more worker: the marginal product times the price of output.
Economics & the History of Money, Lesson 7.2 (grade 11–12)
marginal tax rateEnglish
The rate paid on the next dollar of income — the rate of the bracket that dollar falls into, not the rate paid on all income.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The rate paid on the next dollar of income — the rate of the bracket that dollar falls into, not the rate paid on all income.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
marginal thinkingEnglish
Deciding by comparing the extra benefits and extra costs of the next step, ignoring sunk costs.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12)
Deciding by comparing the extra benefits and extra costs of the next step, ignoring sunk costs.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12)
marginal utilityEnglish
The extra benefit from consuming one more unit of a good.
Economics & the History of Money, Lesson 1.3 (grade 11–12)
The extra benefit from consuming one more unit of a good.
Economics & the History of Money, Lesson 1.3 (grade 11–12)
marine insuranceEnglish
Coverage on ships and cargoes against the perils of the sea — the oldest branch of the business and the trade of Lloyd’s coffee house.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
Coverage on ships and cargoes against the perils of the sea — the oldest branch of the business and the trade of Lloyd’s coffee house.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
marital deductionEnglish
The unlimited deduction that lets spouses (U.S. citizens) transfer any amount to each other, during life or at death, free of gift and estate tax.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The unlimited deduction that lets spouses (U.S. citizens) transfer any amount to each other, during life or at death, free of gift and estate tax.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
marketEnglish
Any place where buyers and sellers meet to trade goods and services for money.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · Grade 3 Business & Finance, Lesson 3.1 (grade 3) · +3 more
Any place where buyers and sellers meet to trade goods and services for money.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · Grade 3 Business & Finance, Lesson 3.1 (grade 3) · +3 more
market allocationEnglish
Competitors agreeing to divide a market — by geography, price range, type of property or customer — so they do not compete with each other.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
Competitors agreeing to divide a market — by geography, price range, type of property or customer — so they do not compete with each other.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
market appreciationEnglish
An increase in a property’s value caused by the market — rising demand, incomes, rents or inflation — rather than by the owner’s work; never guaranteed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
An increase in a property’s value caused by the market — rising demand, incomes, rents or inflation — rather than by the owner’s work; never guaranteed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12)
market breadthEnglish
The breadth of participation in a move, measured by counting advancing versus declining stocks — the advance-decline line is its running total.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
The breadth of participation in a move, measured by counting advancing versus declining stocks — the advance-decline line is its running total.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
market conditions adjustmentEnglish
An adjustment for changes in prices between a comparable’s sale date and the effective date of the appraisal; also called a time adjustment.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
An adjustment for changes in prices between a comparable’s sale date and the effective date of the appraisal; also called a time adjustment.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
market conduct examinationEnglish
The commissioner's inspection of how an insurer treats the public — its sales, underwriting, advertising and claims practices — as distinct from a financial examination of its solvency.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The commissioner's inspection of how an insurer treats the public — its sales, underwriting, advertising and claims practices — as distinct from a financial examination of its solvency.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
market dayEnglish
A day when people gather to buy, sell and show what they have made.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Kindergarten Business & Finance, Lesson 8.4 (grade K)
A day when people gather to buy, sell and show what they have made.
Grade 1 Business & Finance, Lesson 8.4 (grade 1) · Kindergarten Business & Finance, Lesson 8.4 (grade K)
market economyEnglish
An economy in which most decisions about what to produce and at what price are made by buyers and sellers trading freely.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
An economy in which most decisions about what to produce and at what price are made by buyers and sellers trading freely.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
market estimateEnglish
A rough calculation of how many people share a need and how much they might spend to meet it.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
A rough calculation of how many people share a need and how much they might spend to meet it.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
market orderEnglish
An order to buy or sell immediately at the best available price — execution is certain, the price is not.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
An order to buy or sell immediately at the best available price — execution is certain, the price is not.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
market priceEnglish
The price where the amount buyers want to buy equals the amount sellers want to sell; also called the equilibrium price.
Grade 5 Business & Finance, Lesson 3.1 (grade 5) · Explore Crafts and Making · Ranger, Stop 4.4 (Ages 10–13)
The price where the amount buyers want to buy equals the amount sellers want to sell; also called the equilibrium price.
Grade 5 Business & Finance, Lesson 3.1 (grade 5) · Explore Crafts and Making · Ranger, Stop 4.4 (Ages 10–13)
market rentEnglish
The rent a property would most probably bring from a typical tenant in the current market, as shown by comparable leases.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
The rent a property would most probably bring from a typical tenant in the current market, as shown by comparable leases.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
market researchEnglish
Gathering facts about customers, competitors and markets to make better business decisions.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6) · Explore Crafts and Making · Ranger, Stop 4.2 (Ages 10–13)
Gathering facts about customers, competitors and markets to make better business decisions.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6) · Explore Crafts and Making · Ranger, Stop 4.2 (Ages 10–13)
market riskEnglish
The risk that the whole market declines, carrying down even sound securities.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
The risk that the whole market declines, carrying down even sound securities.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
market segmentationEnglish
Dividing customers into groups with different needs or budgets and offering each group a product suited to it.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
Dividing customers into groups with different needs or budgets and offering each group a product suited to it.
Grade 8 Business & Finance, Lesson 4.3 (grade 8)
market shareEnglish
A product’s sales as a share of all sales in its market.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 4.3 (grade 8)
A product’s sales as a share of all sales in its market.
Entrepreneurship & Sales, Lesson 10.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 4.3 (grade 8)
market structureEnglish
The kind of market a good is sold in, described by the number of sellers, how alike their products are, and how easy it is for new sellers to enter.
Grade 6 Business & Finance, Lesson 3.2 (grade 6)
The kind of market a good is sold in, described by the number of sellers, how alike their products are, and how easy it is for new sellers to enter.
Grade 6 Business & Finance, Lesson 3.2 (grade 6)
market valueEnglish
The most probable price a property should bring in a competitive, open market under all conditions requisite to a fair sale, with buyer and seller each acting prudently and knowledgeably and the price not affected by undue stimulus.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The most probable price a property should bring in a competitive, open market under all conditions requisite to a fair sale, with buyer and seller each acting prudently and knowledgeably and the price not affected by undue stimulus.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
market value (for taxation)English
The assessor’s estimate of the most probable price the property would bring in an open market sale.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The assessor’s estimate of the most probable price the property would bring in an open market sale.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
marketable titleEnglish
Title free from reasonable doubt, which a reasonably prudent buyer would accept; insurable title is title a title company will insure, possibly with exceptions.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
Title free from reasonable doubt, which a reasonably prudent buyer would accept; insurable title is title a title company will insure, possibly with exceptions.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
market-clearing priceEnglish
Another name for the equilibrium price: the price at which every buyer who wants to buy at that price can, and every seller who wants to sell can.
Economics & the History of Money, Lesson 2.3 (grade 11–12)
Another name for the equilibrium price: the price at which every buyer who wants to buy at that price can, and every seller who wants to sell can.
Economics & the History of Money, Lesson 2.3 (grade 11–12)
marketingEnglish
The work of bringing the right product to the right customers at a fair price, and telling them about it truthfully.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.3 (grade 6) · Grade 8 Business & Finance, Lesson 4.2 (grade 8)
The work of bringing the right product to the right customers at a fair price, and telling them about it truthfully.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.3 (grade 6) · Grade 8 Business & Finance, Lesson 4.2 (grade 8)
marketing mix (four P’s)English
Product, price, place (distribution) and promotion: the four sets of decisions a marketer makes, named by E. Jerome McCarthy in 1960.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12)
Product, price, place (distribution) and promotion: the four sets of decisions a marketer makes, named by E. Jerome McCarthy in 1960.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12)
markupEnglish
The amount added to cost to set a price, usually stated as a percent of cost.
Accounting, Lesson 6.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.2 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.3 (grade 4) · +3 more
The amount added to cost to set a price, usually stated as a percent of cost.
Accounting, Lesson 6.5 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.2 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.3 (grade 4) · +3 more
mass productionEnglish
Making very large numbers of the same product quickly and cheaply.
Grade 3 Business & Finance, Lesson 4.3 (grade 3) · Grade 5 Business & Finance, Lesson 4.3 (grade 5)
Making very large numbers of the same product quickly and cheaply.
Grade 3 Business & Finance, Lesson 4.3 (grade 3) · Grade 5 Business & Finance, Lesson 4.3 (grade 5)
massaged inputsEnglish
Assumptions bent to make a deal look better — higher rent, lower vacancy or less CapEx than the evidence supports.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
Assumptions bent to make a deal look better — higher rent, lower vacancy or less CapEx than the evidence supports.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
master budgetEnglish
The full set of budgets for a period: sales, production, materials, labor, overhead, operating expenses, cash, and budgeted statements.
Accounting, Lesson 10.3 (grade 9–12)
The full set of budgets for a period: sales, production, materials, labor, overhead, operating expenses, cash, and budgeted statements.
Accounting, Lesson 10.3 (grade 9–12)
master policyEnglish
The single contract issued to the group’s sponsor — the employer or association — who is the policyholder.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
The single contract issued to the group’s sponsor — the employer or association — who is the policyholder.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
master policy and certificateEnglish
The employer or sponsor holds the master policy (the actual contract); each covered member receives a certificate of insurance describing his coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
The employer or sponsor holds the master policy (the actual contract); each covered member receives a certificate of insurance describing his coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
master-meteredEnglish
Having one meter for the whole building, so the owner receives and pays one bill.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Having one meter for the whole building, so the owner receives and pays one bill.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
masterpieceEnglish
In a guild, the fine piece of work a journeyman made to prove he was ready to be a master.
Grade 3 Business & Finance, Lesson 3.4 (grade 3)
In a guild, the fine piece of work a journeyman made to prove he was ready to be a master.
Grade 3 Business & Finance, Lesson 3.4 (grade 3)
matched orders and wash tradesEnglish
Manipulative trades — coordinated buys and sells, or trades with no real change of ownership — made to paint a false picture of activity or price.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Manipulative trades — coordinated buys and sells, or trades with no real change of ownership — made to paint a false picture of activity or price.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
matching (expense recognition) principleEnglish
Record expenses in the same period as the revenue they helped earn.
Accounting, Lesson 3.1 (grade 9–12)
Record expenses in the same period as the revenue they helped earn.
Accounting, Lesson 3.1 (grade 9–12)
matching principleEnglish
The rule that expenses should be recorded in the same period as the revenue they helped to earn.
Grade 7 Business & Finance, Lesson 7.2 (grade 7)
The rule that expenses should be recorded in the same period as the revenue they helped to earn.
Grade 7 Business & Finance, Lesson 7.2 (grade 7)
material conflict of interestEnglish
Any interest of the adviser that could reasonably impair unbiased advice — it must be disclosed in writing before advice is rendered.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
Any interest of the adviser that could reasonably impair unbiased advice — it must be disclosed in writing before advice is rendered.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
material defectEnglish
A physical condition that significantly affects the property’s value or poses an unreasonable risk to people on it.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A physical condition that significantly affects the property’s value or poses an unreasonable risk to people on it.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
material factEnglish
A fact that a reasonable person would consider important in deciding whether to buy, sell or lease, or on what terms.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A fact that a reasonable person would consider important in deciding whether to buy, sell or lease, or on what terms.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
material misrepresentationEnglish
A false statement that would have changed the insurer’s underwriting decision — declining the risk or charging differently — had the truth been known; grounds for rescission.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
A false statement that would have changed the insurer’s underwriting decision — declining the risk or charging differently — had the truth been known; grounds for rescission.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
material nonpublic informationEnglish
Facts not yet public that a reasonable investor would consider important — a merger, a drill strike, an earnings surprise.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Facts not yet public that a reasonable investor would consider important — a merger, a drill strike, an earnings surprise.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
materialityEnglish
An amount large enough that its misstatement could change the decisions of a reasonable reader of the statements.
Accounting, Lesson 9.3 (grade 9–12)
An amount large enough that its misstatement could change the decisions of a reasonable reader of the statements.
Accounting, Lesson 9.3 (grade 9–12)
maturityEnglish
The date on which the borrower must repay the face value.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12) · +2 more
The date on which the borrower must repay the face value.
Grade 6 Business & Finance, Lesson 8.3 (grade 6) · Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12) · +2 more
maturity (endowment) ageEnglish
The age — 100 on older policies, 121 under the 2001 mortality table — at which cash value equals the face amount and the insurer pays the policyowner.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
The age — 100 on older policies, 121 under the 2001 mortality table — at which cash value equals the face amount and the insurer pays the policyowner.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
maximEnglish
A short, memorable saying that teaches a rule of conduct.
Personal Finance & Investing, Lesson 1.5 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 1.1 (grade 6)
A short, memorable saying that teaches a rule of conduct.
Personal Finance & Investing, Lesson 1.5 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 1.1 (grade 6)
maximum allowable offer (MAO)English
The highest price an investor can pay under a chosen rule or target, such as ARV × 70% − rehab.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
The highest price an investor can pay under a chosen rule or target, such as ARV × 70% − rehab.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
McCarran-Ferguson Act (1945)English
The federal law declaring that state regulation and taxation of insurance is in the public interest, and that federal antitrust law applies to insurance only to the extent the states do not regulate it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
The federal law declaring that state regulation and taxation of insurance is in the public interest, and that federal antitrust law applies to insurance only to the extent the states do not regulate it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
MD&AEnglish
Management’s Discussion and Analysis: management’s explanation of the results, trends, risks and plans.
Accounting, Lesson 4.5 (grade 9–12)
Management’s Discussion and Analysis: management’s explanation of the results, trends, risks and plans.
Accounting, Lesson 4.5 (grade 9–12)
mean (arithmetic)English
The ordinary average: the sum of the values divided by how many there are.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12)
The ordinary average: the sum of the values divided by how many there are.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12)
mechanic’s lienEnglish
A specific, involuntary, statutory lien that secures payment to people who supplied labor or materials to improve real property; also called a construction lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A specific, involuntary, statutory lien that secures payment to people who supplied labor or materials to improve real property; also called a construction lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
mechanics’ lienEnglish
A claim against real property by a contractor, subcontractor or supplier who was not paid for work or materials that improved it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A claim against real property by a contractor, subcontractor or supplier who was not paid for work or materials that improved it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
medianEnglish
The middle value when the data are lined up in order; half the values sit above it and half below.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12) · Pre-Algebra, Lesson 13.1 (grade 6–8) · +1 more
The middle value when the data are lined up in order; half the values sit above it and half below.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Seven Small Businesses, Lesson 1.3 (grade 9–12) · Pre-Algebra, Lesson 13.1 (grade 6–8) · +1 more
median payEnglish
The middle of all earners — half make more, half less; the Bureau of Labor Statistics reports a median of $60,370 for insurance sales agents as of May 2024.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The middle of all earners — half make more, half less; the Bureau of Labor Statistics reports a median of $60,370 for insurance sales agents as of May 2024.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
MedicaidEnglish
The needs-based medical assistance program for people with low income and limited assets, funded jointly by the federal government and the states and run by the states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
The needs-based medical assistance program for people with low income and limited assets, funded jointly by the federal government and the states and run by the states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
medical expense insuranceEnglish
Health insurance that pays the costs of medical care — hospital, surgical and physicians' expenses — rather than replacing lost income.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
Health insurance that pays the costs of medical care — hospital, surgical and physicians' expenses — rather than replacing lost income.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
Medical Information Bureau (MIB)English
A member-owned bureau through which life and health insurers exchange coded underwriting information to deter omission and fraud; a report requires the applicant’s authorization and may not be the sole basis for declining.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
A member-owned bureau through which life and health insurers exchange coded underwriting information to deter omission and fraud; a report requires the applicant’s authorization and may not be the sole basis for declining.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
medical payments (CGL Coverage C)English
A small no-fault coverage paying medical expenses of non-employees injured on the premises or by operations, regardless of the insured's legal liability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
A small no-fault coverage paying medical expenses of non-employees injured on the premises or by operations, regardless of the insured's legal liability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
medical payments coverage (Part B)English
Small no-fault coverage paying reasonable medical and funeral expenses for insureds injured while occupying an auto or struck as pedestrians, regardless of fault.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
Small no-fault coverage paying reasonable medical and funeral expenses for insureds injured while occupying an auto or struck as pedestrians, regardless of fault.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
MedicareEnglish
The federal health insurance program for people 65 and over, certain disabled people under 65, and people with end-stage renal disease or ALS.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12) · Personal Finance & Investing, Lesson 6.3 (grade 9–12)
The federal health insurance program for people 65 and over, certain disabled people under 65, and people with end-stage renal disease or ALS.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12) · Personal Finance & Investing, Lesson 6.3 (grade 9–12)
Medicare Part AEnglish
Hospital insurance — inpatient hospital care, skilled nursing facility care after a qualifying hospital stay, hospice and some home health — premium-free for most workers through payroll taxes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Hospital insurance — inpatient hospital care, skilled nursing facility care after a qualifying hospital stay, hospice and some home health — premium-free for most workers through payroll taxes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Medicare Part BEnglish
Medical insurance — doctors' services, outpatient care, durable medical equipment and preventive services — carrying a monthly premium, an annual deductible and 80/20 cost sharing.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Medical insurance — doctors' services, outpatient care, durable medical equipment and preventive services — carrying a monthly premium, an annual deductible and 80/20 cost sharing.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Medicare Part C (Medicare Advantage)English
Private plans, commonly HMOs and PPOs, that contract with Medicare to deliver at least all Part A and Part B benefits, often adding extras.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Private plans, commonly HMOs and PPOs, that contract with Medicare to deliver at least all Part A and Part B benefits, often adding extras.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Medicare Part DEnglish
Prescription drug coverage sold through private plans, with a late-enrollment penalty for those who delay without other creditable drug coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Prescription drug coverage sold through private plans, with a late-enrollment penalty for those who delay without other creditable drug coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Medigap (Medicare supplement)English
A standardized private policy, identified by letter, that pays the gaps in Original Medicare — deductibles, coinsurance and copays — with a six-month open enrollment at 65 and Part B enrollment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
A standardized private policy, identified by letter, that pays the gaps in Original Medicare — deductibles, coinsurance and copays — with a six-month open enrollment at 65 and Part B enrollment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
medium of exchangeEnglish
Something generally accepted in payment for goods and services.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
Something generally accepted in payment for goods and services.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
member bankEnglish
A commercial bank that belongs to the Federal Reserve System and holds stock in its regional Reserve Bank.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
A commercial bank that belongs to the Federal Reserve System and holds stock in its regional Reserve Bank.
Economics & the History of Money, Lesson 5.4 (grade 11–12)
memorandum, journal, ledgerEnglish
Pacioli’s three books: a rough daybook of events as they happen; a neat, dated record of each transaction showing its debit and credit; and a book with one page (account) for each item, to which the journal is posted.
Accounting, Lesson 1.1 (grade 9–12)
Pacioli’s three books: a rough daybook of events as they happen; a neat, dated record of each transaction showing its debit and credit; and a book with one page (account) for each item, to which the journal is posted.
Accounting, Lesson 1.1 (grade 9–12)
memorandum of option (or contract)English
A short recordable document giving public notice of an option or installment contract, protecting the holder against later buyers and lenders.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
A short recordable document giving public notice of an option or installment contract, protecting the holder against later buyers and lenders.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
mercantilismEnglish
The older belief that a nation grows rich by piling up gold and silver and by selling more abroad than it buys.
Grade 7 Business & Finance, Lesson 1.3 (grade 7) · Grade 7 Business & Finance, Lesson 2.1 (grade 7) · Economics & the History of Money, Lesson 11.4 (grade 11–12)
The older belief that a nation grows rich by piling up gold and silver and by selling more abroad than it buys.
Grade 7 Business & Finance, Lesson 1.3 (grade 7) · Grade 7 Business & Finance, Lesson 2.1 (grade 7) · Economics & the History of Money, Lesson 11.4 (grade 11–12)
merchandise inventoryEnglish
Goods a business owns and holds for sale to customers; a current asset.
Accounting, Lesson 6.3 (grade 9–12)
Goods a business owns and holds for sale to customers; a current asset.
Accounting, Lesson 6.3 (grade 9–12)
merchantEnglish
A person who buys and sells goods for a living.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 3 Business & Finance, Lesson 1.4 (grade 3) · +3 more
A person who buys and sells goods for a living.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 3 Business & Finance, Lesson 1.4 (grade 3) · +3 more
merchant’s markEnglish
A merchant’s own symbol, marked on his barrels and bales to show whose goods they were.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
A merchant’s own symbol, marked on his barrels and bales to show whose goods they were.
Grade 4 Business & Finance, Lesson 1.4 (grade 4)
merger (of restrictions)English
Termination of a covenant when the benefited and burdened lands come under one owner.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
Termination of a covenant when the benefited and burdened lands come under one owner.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
metes and boundsEnglish
A method of legal description using measurements (metes) and boundaries (bounds), running from a point of beginning around the parcel by courses and distances and back to the point of beginning.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
A method of legal description using measurements (metes) and boundaries (bounds), running from a point of beginning around the parcel by courses and distances and back to the point of beginning.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
MethodismEnglish
The Christian revival movement in the 1700s led by John and Charles Wesley, known for disciplined, “methodical” devotion and care for the poor.
Personal Finance & Investing, Lesson 2.5 (grade 9–12) · Explore Heroines of History and Faith · Expert, Stop 3.7 (Ages 14+) · Explore Heroines of History and Faith · Ranger, Stop 3.7 (Ages 10–13)
The Christian revival movement in the 1700s led by John and Charles Wesley, known for disciplined, “methodical” devotion and care for the poor.
Personal Finance & Investing, Lesson 2.5 (grade 9–12) · Explore Heroines of History and Faith · Expert, Stop 3.7 (Ages 14+) · Explore Heroines of History and Faith · Ranger, Stop 3.7 (Ages 10–13)
middle housingEnglish
Duplexes, triplexes, quadplexes, cottage clusters and townhouses built on lots once zoned for one house; Oregon requires many cities to allow them.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
Duplexes, triplexes, quadplexes, cottage clusters and townhouses built on lots once zoned for one house; Oregon requires many cities to allow them.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
middlemanEnglish
A person who buys goods from the maker and sells them to the customer.
Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.3 (grade 4) · +3 more
A person who buys goods from the maker and sells them to the customer.
Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 3 Business & Finance, Lesson 4.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.3 (grade 4) · +3 more
mid-month conventionEnglish
The rule, required for residential rental and nonresidential real property, that treats property placed in service or disposed of during any month as placed in service or disposed of at the middle of that month.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
The rule, required for residential rental and nonresidential real property, that treats property placed in service or disposed of during any month as placed in service or disposed of at the middle of that month.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
midpoint methodEnglish
Computing percentage changes using the average of the starting and ending values, so the answer is the same in either direction.
Economics & the History of Money, Lesson 2.4 (grade 11–12)
Computing percentage changes using the average of the starting and ending values, so the answer is the same in either direction.
Economics & the History of Money, Lesson 2.4 (grade 11–12)
mid-term rental (MTR)English
Furnished housing rented for a month or more, often to traveling workers or families relocating, usually under landlord–tenant law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
Furnished housing rented for a month or more, often to traveling workers or families relocating, usually under landlord–tenant law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
milestoneEnglish
A specific, dated goal used to measure progress (first 10 customers by March 1).
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Electronics & Microcontrollers, Lesson 10.4 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 8.2 (grade 8)
A specific, dated goal used to measure progress (first 10 customers by March 1).
Entrepreneurship & Sales, Lesson 3.5 (grade 9–12) · Electronics & Microcontrollers, Lesson 10.4 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 8.2 (grade 8)
millEnglish
A factory where things like cloth or flour are made by machines.
Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.2 (grade 3) · Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · +3 more
A factory where things like cloth or flour are made by machines.
Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.2 (grade 3) · Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · +3 more
mill rateEnglish
Property-tax rate in mills: one mill is $1 of tax per $1,000 of assessed value.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
Property-tax rate in mills: one mill is $1 of tax per $1,000 of assessed value.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
millerEnglish
A person who runs a mill and grinds grain into flour.
Kindergarten Business & Finance, Lesson 4.1 (grade K) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 5.3 (grade 1)
A person who runs a mill and grinds grain into flour.
Kindergarten Business & Finance, Lesson 4.1 (grade K) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 5.3 (grade 1)
mineral leaseEnglish
A contract giving a company the right to explore for and remove minerals, oil or gas, usually in exchange for a royalty on what is produced.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
A contract giving a company the right to explore for and remove minerals, oil or gas, usually in exchange for a royalty on what is produced.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
minimum paymentEnglish
The smallest amount a card company lets you pay each month. Paying only the minimum keeps the debt alive for a long time and costs much more in interest.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Personal Finance & Investing, Lesson 4.2 (grade 9–12)
The smallest amount a card company lets you pay each month. Paying only the minimum keeps the debt alive for a long time and costs much more in interest.
Grade 6 Business & Finance, Lesson 8.4 (grade 6) · Grade 7 Business & Finance, Lesson 8.4 (grade 7) · Personal Finance & Investing, Lesson 4.2 (grade 9–12)
minimum viable product (MVP)English
The simplest version of a product that lets you learn from real customers or users; a term made popular by Eric Ries in The Lean Startup (2011).
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12)
The simplest version of a product that lets you learn from real customers or users; a term made popular by Eric Ries in The Lean Startup (2011).
Entrepreneurship & Sales, Lesson 2.3 (grade 9–12)
mintEnglish
A factory where coins are made.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.2 (grade 2) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · +3 more
A factory where coins are made.
Grade 1 Business & Finance, Lesson 7.1 (grade 1) · Grade 2 Business & Finance, Lesson 2.2 (grade 2) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · +3 more
mint markEnglish
A small letter on a coin that tells where it was made: P for Philadelphia, D for Denver, S for San Francisco, W for West Point.
Grade 2 Business & Finance, Lesson 2.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.4 (grade 3)
A small letter on a coin that tells where it was made: P for Philadelphia, D for Denver, S for San Francisco, W for West Point.
Grade 2 Business & Finance, Lesson 2.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.4 (grade 3)
mint parityEnglish
The exchange rate between two gold-standard currencies implied by their gold contents.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
The exchange rate between two gold-standard currencies implied by their gold contents.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
misbrandedEnglish
Labeled falsely, so the label does not tell the truth about what is inside.
Grade 4 Business & Finance, Lesson 5.4 (grade 4)
Labeled falsely, so the label does not tell the truth about what is inside.
Grade 4 Business & Finance, Lesson 5.4 (grade 4)
misrepresentationEnglish
A false statement in an application; it affects the contract only if material.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
A false statement in an application; it affects the contract only if material.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
misstatement of age or sex provisionEnglish
If the insured’s age or sex was stated wrongly, the benefit is adjusted to what the premium would have bought at the true age or sex — the policy is not voided.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
If the insured’s age or sex was stated wrongly, the benefit is adjusted to what the premium would have bought at the true age or sex — the policy is not voided.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
misstatement of age provisionEnglish
An optional provision adjusting benefits to what the premium would have purchased at the insured's true age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
An optional provision adjusting benefits to what the premium would have purchased at the insured's true age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
mitaEnglish
A system of compulsory labor imposed by Spanish authorities on Andean villages to supply workers for the mines.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
A system of compulsory labor imposed by Spanish authorities on Andean villages to supply workers for the mines.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
miteEnglish
The smallest copper coin in Jesus’ time, worth very, very little.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 2 Business & Finance, Lesson 8.4 (grade 2)
The smallest copper coin in Jesus’ time, worth very, very little.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 2 Business & Finance, Lesson 8.4 (grade 2)
mixed economyEnglish
An economy that relies mostly on markets but in which government also provides some services and sets rules.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
An economy that relies mostly on markets but in which government also provides some services and sets rules.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
modeEnglish
The value that appears most often in the data.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Pre-Algebra, Lesson 13.1 (grade 6–8)
The value that appears most often in the data.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Pre-Algebra, Lesson 13.1 (grade 6–8)
model lawEnglish
A statute drafted by the NAIC for legislatures to adopt; it has no force until a state enacts it, which is how uniformity arrives without federal control.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
A statute drafted by the NAIC for legislatures to adopt; it has no force until a state enacts it, which is how uniformity arrives without federal control.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
Model TEnglish
The simple, strong car Henry Ford’s company made from 1908 to 1927.
Grade 1 Business & Finance, Lesson 4.4 (grade 1) · Grade 3 Business & Finance, Lesson 4.3 (grade 3)
The simple, strong car Henry Ford’s company made from 1908 to 1927.
Grade 1 Business & Finance, Lesson 4.4 (grade 1) · Grade 3 Business & Finance, Lesson 4.3 (grade 3)
model villageEnglish
A planned village built by an employer or a trust, with good houses, gardens and shared spaces, meant to give working families a healthy place to live.
Grade 6 Business & Finance, Lesson 4.3 (grade 6)
A planned village built by an employer or a trust, with good houses, gardens and shared spaces, meant to give working families a healthy place to live.
Grade 6 Business & Finance, Lesson 4.3 (grade 6)
modern portfolio theory (MPT)English
Markowitz’s framework that evaluates risk and expected return for the portfolio as a whole, not security by security.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
Markowitz’s framework that evaluates risk and expected return for the portfolio as a whole, not security by security.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
modified endowment contract (MEC)English
A life policy funded faster than the seven-pay test allows; it keeps a tax-free death benefit but loses FIFO — lifetime distributions become LIFO with a 10% penalty before age 59½ — permanently.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
A life policy funded faster than the seven-pay test allows; it keeps a tax-free death benefit but loses FIFO — lifetime distributions become LIFO with a 10% penalty before age 59½ — permanently.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
monetary policyEnglish
What a central bank does to influence the amount of money and credit and the level of interest rates, in order to keep prices steady and the economy healthy.
Grade 7 Business & Finance, Lesson 2.4 (grade 7)
What a central bank does to influence the amount of money and credit and the level of interest rates, in order to keep prices steady and the economy healthy.
Grade 7 Business & Finance, Lesson 2.4 (grade 7)
moneyEnglish
Something everyone agrees to take in trade for goods and services.
Grade 1 Business & Finance, Lesson 2.2 (grade 1) · Grade 2 Business & Finance, Lesson 2.1 (grade 2) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · +1 more
Something everyone agrees to take in trade for goods and services.
Grade 1 Business & Finance, Lesson 2.2 (grade 1) · Grade 2 Business & Finance, Lesson 2.1 (grade 2) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · +1 more
money changerEnglish
A trader who exchanged one city’s coins for another’s, weighing and testing them, for a small fee.
Grade 8 Business & Finance, Lesson 2.1 (grade 8)
A trader who exchanged one city’s coins for another’s, weighing and testing them, for a small fee.
Grade 8 Business & Finance, Lesson 2.1 (grade 8)
money inEnglish
Money that comes to you, like money from selling something. Businesses call it income.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Kindergarten Business & Finance, Lesson 7.4 (grade K)
Money that comes to you, like money from selling something. Businesses call it income.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Kindergarten Business & Finance, Lesson 7.4 (grade K)
money marketEnglish
The market for high-quality debt maturing in one year or less, where governments, banks and corporations borrow short-term cash.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
The market for high-quality debt maturing in one year or less, where governments, banks and corporations borrow short-term cash.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
money market fundEnglish
A mutual fund that buys money market instruments and seeks to keep its share price at a stable $1.00; convenient and conservative, but not FDIC-insured or guaranteed.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A mutual fund that buys money market instruments and seeks to keep its share price at a stable $1.00; convenient and conservative, but not FDIC-insured or guaranteed.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
money multiplierEnglish
The maximum ratio of total deposits to reserves in a simple banking system: 1 divided by the reserve ratio.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
The maximum ratio of total deposits to reserves in a simple banking system: 1 divided by the reserve ratio.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
money outEnglish
Money that you pay, like money for supplies. Businesses call it expenses or costs.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Kindergarten Business & Finance, Lesson 7.4 (grade K)
Money that you pay, like money for supplies. Businesses call it expenses or costs.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.2 (grade 2) · Kindergarten Business & Finance, Lesson 7.4 (grade K)
money partnerEnglish
A partner who supplies most or all of the cash for a deal and usually takes a smaller role in its daily operation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A partner who supplies most or all of the cash for a deal and usually takes a smaller role in its daily operation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
money supplyEnglish
The total of currency and bank deposits that people can spend.
Economics & the History of Money, Lesson 9.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.2 (grade 6)
The total of currency and bank deposits that people can spend.
Economics & the History of Money, Lesson 9.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.2 (grade 6)
money-back guaranteeEnglish
A promise that a customer who is not satisfied may return the item for a full refund.
Grade 5 Business & Finance, Lesson 6.3 (grade 5) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
A promise that a customer who is not satisfied may return the item for a full refund.
Grade 5 Business & Finance, Lesson 6.3 (grade 5) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
monoline policyEnglish
A policy covering a single line of insurance — the opposite of a package.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A policy covering a single line of insurance — the opposite of a package.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
monopolistic competitionEnglish
A market with many sellers of differentiated products and free entry, so each firm has a little control over its own price.
Economics & the History of Money, Lesson 3.2 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
A market with many sellers of differentiated products and free entry, so each firm has a little control over its own price.
Economics & the History of Money, Lesson 3.2 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
monopolistic state fundEnglish
A state in which employers must buy workers' compensation from the state's own fund — as of 2026: North Dakota, Ohio, Washington and Wyoming — so private carriers write only employers liability-type gaps there.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
A state in which employers must buy workers' compensation from the state's own fund — as of 2026: North Dakota, Ohio, Washington and Wyoming — so private carriers write only employers liability-type gaps there.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
monopolyEnglish
A market with a single seller of a good with no close substitutes, protected by barriers to entry.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 3.3 (grade 3) · Grade 4 Business & Finance, Lesson 3.3 (grade 4) · +3 more
A market with a single seller of a good with no close substitutes, protected by barriers to entry.
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Grade 3 Business & Finance, Lesson 3.3 (grade 3) · Grade 4 Business & Finance, Lesson 3.3 (grade 4) · +3 more
monopsonyEnglish
A market with one main buyer; in labor, a single employer that workers cannot easily leave.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
A market with one main buyer; in labor, a single employer that workers cannot easily leave.
Grade 8 Business & Finance, Lesson 3.3 (grade 8)
monumentEnglish
A fixed natural or artificial object used to mark a boundary or corner — a tree, river or rock (natural), or an iron pin, concrete marker or fence (artificial).
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
A fixed natural or artificial object used to mark a boundary or corner — a tree, river or rock (natural), or an iron pin, concrete marker or fence (artificial).
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
moral hazardEnglish
A character-based hazard: dishonesty that raises the chance of loss, such as a willingness to fake a claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
A character-based hazard: dishonesty that raises the chance of loss, such as a willingness to fake a claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
moral obligationEnglish
A debt one feels bound in conscience to repay even when the law does not require it.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
A debt one feels bound in conscience to repay even when the law does not require it.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
morale hazardEnglish
Carelessness or indifference to loss because insurance exists — leaving doors unlocked since “insurance will pay.”
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
Carelessness or indifference to loss because insurance exists — leaving doors unlocked since “insurance will pay.”
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
moratoriumEnglish
A temporary stop on new permits while a town studies its rules.
Seven Small Businesses, Lesson 1.4 (grade 9–12) · Explore Animals · Expert, Stop 1.3 (Ages 14+)
A temporary stop on new permits while a town studies its rules.
Seven Small Businesses, Lesson 1.4 (grade 9–12) · Explore Animals · Expert, Stop 1.3 (Ages 14+)
mortality and expense (M&E) chargeEnglish
The yearly insurance fee inside a variable annuity that pays for the death benefit and lifetime-income guarantees.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
The yearly insurance fee inside a variable annuity that pays for the death benefit and lifetime-income guarantees.
Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
mortality and morbidityEnglish
The statistical rates of death (mortality) and of sickness and disability (morbidity) by class — the loss ingredient of life and health premiums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
The statistical rates of death (mortality) and of sickness and disability (morbidity) by class — the loss ingredient of life and health premiums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
mortality chargeEnglish
The monthly cost of pure death protection inside a UL policy, priced like annually renewable term on the net amount at risk.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The monthly cost of pure death protection inside a UL policy, priced like annually renewable term on the net amount at risk.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
mortgageEnglish
A loan to buy real estate, secured by the property, which the lender can take through foreclosure if the loan is not paid.
Personal Finance & Investing, Lesson 9.3 (grade 9–12)
A loan to buy real estate, secured by the property, which the lender can take through foreclosure if the loan is not paid.
Personal Finance & Investing, Lesson 9.3 (grade 9–12)
mortgage banker vs. mortgage brokerEnglish
A mortgage banker originates loans with its own or borrowed funds, usually sells them and often services them; a mortgage broker brings borrowers and lenders together for a fee but does not fund the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
A mortgage banker originates loans with its own or borrowed funds, usually sells them and often services them; a mortgage broker brings borrowers and lenders together for a fee but does not fund the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
mortgage bondEnglish
A corporate bond secured by a lien on specific real property, such as plants or buildings.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A corporate bond secured by a lien on specific real property, such as plants or buildings.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
mortgage fraudEnglish
A material misstatement or omission relied on by a lender, such as false income, a straw buyer, occupancy fraud or an inflated appraisal; it is a federal crime.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
A material misstatement or omission relied on by a lender, such as false income, a straw buyer, occupancy fraud or an inflated appraisal; it is a federal crime.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
mortgage insuranceEnglish
Insurance that protects the lender on low-down-payment loans; FHA calls it a mortgage insurance premium (MIP) and conventional lenders call it private mortgage insurance (PMI).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
Insurance that protects the lender on low-down-payment loans; FHA calls it a mortgage insurance premium (MIP) and conventional lenders call it private mortgage insurance (PMI).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
mortgage insurance premium (MIP)English
The FHA’s insurance charge, collected as an upfront premium (often financed into the loan) and an annual premium paid monthly.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
The FHA’s insurance charge, collected as an upfront premium (often financed into the loan) and an annual premium paid monthly.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
mortgage (mortgagor and mortgagee)English
A two-party security instrument in which the borrower (mortgagor) gives a lien on real property to the lender (mortgagee).
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A two-party security instrument in which the borrower (mortgagor) gives a lien on real property to the lender (mortgagee).
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
mortgage pass-throughEnglish
A security whose holders receive monthly shares of the interest and principal paid on a pool of home mortgages.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
A security whose holders receive monthly shares of the interest and principal paid on a pool of home mortgages.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
mortgage REITEnglish
A REIT that lends against real estate or buys mortgages, earning interest rather than rent; it is more sensitive to interest rates.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
A REIT that lends against real estate or buys mortgages, earning interest rather than rent; it is more sensitive to interest rates.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
mortgage-backed securityEnglish
A bond whose payments come from a pool of home mortgages.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
A bond whose payments come from a pool of home mortgages.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
mortgage-backed security (MBS)English
An investment backed by a pool of mortgage loans, whose investors receive the borrowers’ principal and interest payments.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
An investment backed by a pool of mortgage loans, whose investors receive the borrowers’ principal and interest payments.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
move-in condition reportEnglish
A dated checklist of each room’s condition at the start of a tenancy, signed by landlord and tenant and supported by photographs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
A dated checklist of each room’s condition at the start of a tenancy, signed by landlord and tenant and supported by photographs.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
move-in inspectionEnglish
A written and photographed record of a unit’s condition when the tenant moves in.
Personal Finance & Investing, Lesson 9.2 (grade 9–12)
A written and photographed record of a unit’s condition when the tenant moves in.
Personal Finance & Investing, Lesson 9.2 (grade 9–12)
move-out viewEnglish
The analysis of a house hack as a full rental after the owner moves out: every unit rented, vacancy and management included.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
The analysis of a house hack as a full rental after the owner moves out: every unit rented, vacancy and management included.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
moving assembly lineEnglish
A line that carries the product past workers, so each worker stays in one place and adds one part.
Grade 3 Business & Finance, Lesson 4.3 (grade 3) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · Shop & Trades, Lesson 10.1 (grade 9–12)
A line that carries the product past workers, so each worker stays in one place and adds one part.
Grade 3 Business & Finance, Lesson 4.3 (grade 3) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · Shop & Trades, Lesson 10.1 (grade 9–12)
moving averageEnglish
The average of a stock’s closing prices over a rolling window (such as 50 or 200 days), smoothing daily noise; crossings above or below it are watched as signals.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
The average of a stock’s closing prices over a rolling window (such as 50 or 200 days), smoothing daily noise; crossings above or below it are watched as signals.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
“Mrs. Murphy” exemptionEnglish
Fair Housing Act exemption for rooms or units in an owner-occupied dwelling of four or fewer units, lost if a broker or a discriminatory advertisement is used.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Fair Housing Act exemption for rooms or units in an owner-occupied dwelling of four or fewer units, lost if a broker or a discriminatory advertisement is used.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
multi-level marketingEnglish
A sales plan in which participants earn from recruiting others as well as from sales; most participants earn little or lose money.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
A sales plan in which participants earn from recruiting others as well as from sales; most participants earn little or lose money.
Personal Finance & Investing, Lesson 10.4 (grade 9–12)
multipleEnglish
How many times the original investment an exit returns (a 10× return turns $1 into $10).
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12) · Pre-Algebra, Lesson 2.1 (grade 6–8) · Pre-Algebra, Lesson 2.6 (grade 6–8) · +1 more
How many times the original investment an exit returns (a 10× return turns $1 into $10).
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12) · Pre-Algebra, Lesson 2.1 (grade 6–8) · Pre-Algebra, Lesson 2.6 (grade 6–8) · +1 more
multiple listing service (MLS)English
An organization of brokers who share listing information so that member brokers can cooperate in selling one another’s listings.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
An organization of brokers who share listing information so that member brokers can cooperate in selling one another’s listings.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
multiple-line underwritingEnglish
Writing property and casualty coverages together in one policy, permitted broadly in the United States only after state law changes in the late 1940s.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
Writing property and casualty coverages together in one policy, permitted broadly in the United States only after state law changes in the late 1940s.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
multi-unit ownerEnglish
A franchisee who owns several units, often with a manager in each.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
A franchisee who owns several units, often with a manager in each.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
mutual agencyEnglish
Each partner can bind the partnership to contracts within the normal scope of its business.
Accounting, Lesson 8.1 (grade 9–12)
Each partner can bind the partnership to contracts within the normal scope of its business.
Accounting, Lesson 8.1 (grade 9–12)
mutual fundEnglish
A company that pools money from many investors to buy many different stocks or bonds, managed for them.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Personal Finance & Investing, Lesson 7.4 (grade 9–12)
A company that pools money from many investors to buy many different stocks or bonds, managed for them.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Personal Finance & Investing, Lesson 7.4 (grade 9–12)
mutual insuranceEnglish
Insurance owned by its policyholders, who share any surplus.
Grade 8 Business & Finance, Lesson 8.4 (grade 8)
Insurance owned by its policyholders, who share any surplus.
Grade 8 Business & Finance, Lesson 8.4 (grade 8)
mutual insurerEnglish
An insurance company owned by its policyholders, who may receive dividends as a non-guaranteed return of divisible surplus.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
An insurance company owned by its policyholders, who may receive dividends as a non-guaranteed return of divisible surplus.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
N
NAICEnglish
The National Association of Insurance Commissioners, founded 1871 — the regulators’ own organization, whose model laws and accreditation standards make fifty separate systems workably uniform.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
The National Association of Insurance Commissioners, founded 1871 — the regulators’ own organization, whose model laws and accreditation standards make fifty separate systems workably uniform.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
named insuredEnglish
The person named on the declarations page; the policy treats the named insured's resident spouse as if named.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
The person named on the declarations page; the policy treats the named insured's resident spouse as if named.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
named-peril coverageEnglish
Coverage only for the perils listed in the policy; the insured must prove the loss was caused by a listed peril.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
Coverage only for the perils listed in the policy; the insured must prove the loss was caused by a listed peril.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
NASAAEnglish
The North American Securities Administrators Association, the organization of state regulators that writes the Series 65 exam.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
The North American Securities Administrators Association, the organization of state regulators that writes the Series 65 exam.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
Nasdaq CompositeEnglish
An index of stocks listed on the Nasdaq exchange, heavy in technology companies.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
An index of stocks listed on the Nasdaq exchange, heavy in technology companies.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
Nash equilibriumEnglish
A set of choices in which no player can do better by changing his choice alone, given what the others are doing.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Playing the Odds, Lesson 4.3 (grade 8–12)
A set of choices in which no player can do better by changing his choice alone, given what the others are doing.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Playing the Odds, Lesson 4.3 (grade 8–12)
national bankEnglish
A bank chartered by the federal government; in the First and Second Banks of the United States, a single large bank with branches; after 1863, many banks under federal charter.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
A bank chartered by the federal government; in the First and Second Banks of the United States, a single large bank with branches; after 1863, many banks under federal charter.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
national debtEnglish
The accumulated total of past deficits minus surpluses — the government’s outstanding borrowing.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
The accumulated total of past deficits minus surpluses — the government’s outstanding borrowing.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
National Do Not Call RegistryEnglish
The free federal registry, opened by the FTC in 2003, of phone numbers that telemarketers — including insurance prospectors — may not cold-call, with exceptions such as a consumer's written permission or an established business relationship.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
The free federal registry, opened by the FTC in 2003, of phone numbers that telemarketers — including insurance prospectors — may not cold-call, with exceptions such as a consumer's written permission or an established business relationship.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
National Flood Insurance Program (NFIP)English
The federal flood insurance program created by the National Flood Insurance Act of 1968 and run by FEMA, offering flood coverage in participating communities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
The federal flood insurance program created by the National Flood Insurance Act of 1968 and run by FEMA, offering flood coverage in participating communities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
national saving (S)English
A nation’s income not spent on consumption by households or government: private saving plus the government’s budget balance.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
A nation’s income not spent on consumption by households or government: private saving plus the government’s budget balance.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
natural marketEnglish
The people an agent already knows — family, friends, church, teams, trade — approached honestly as an offer of service, never as an ambush of a relationship.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
The people an agent already knows — family, friends, church, teams, trade — approached honestly as an offer of service, never as an ambush of a relationship.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
natural monopolyEnglish
An industry in which one firm can serve the whole market at a lower average cost than two or more firms could, usually because of very large fixed costs.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Grade 6 Business & Finance, Lesson 3.4 (grade 6) · +2 more
An industry in which one firm can serve the whole market at a lower average cost than two or more firms could, usually because of very large fixed costs.
Economics & the History of Money, Lesson 3.5 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.3 (grade 5) · Grade 6 Business & Finance, Lesson 3.4 (grade 6) · +2 more
natural personEnglish
A human being, as opposed to a legal entity such as a corporation or trust; the exam uses the phrase to separate individual clients from institutional ones.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A human being, as opposed to a legal entity such as a corporation or trust; the exam uses the phrase to separate individual clients from institutional ones.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
natural rate of unemploymentEnglish
The unemployment that remains when the economy is at its normal level: frictional plus structural.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
The unemployment that remains when the economy is at its normal level: frictional plus structural.
Economics & the History of Money, Lesson 9.2 (grade 11–12)
needEnglish
A problem or desire that people care about enough to spend time or money on.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 6.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · +3 more
A problem or desire that people care about enough to spend time or money on.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12) · Grade 1 Business & Finance, Lesson 6.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · +3 more
needsEnglish
Things we must have to live, such as food, water, clothing and a home.
Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Kindergarten Life Science: God Made the Animals, Lesson 2.4 (grade K)
Things we must have to live, such as food, water, clothing and a home.
Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Kindergarten Life Science: God Made the Animals, Lesson 2.4 (grade K)
needs analysisEnglish
The fact-finding conversation and arithmetic by which an agent measures what a family stands to lose before recommending any coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Grade 11 Physical Education & Health, Lesson 4.2 (grade 11)
The fact-finding conversation and arithmetic by which an agent measures what a family stands to lose before recommending any coverage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12) · Grade 11 Physical Education & Health, Lesson 4.2 (grade 11)
needs and wantsEnglish
Needs are things required to live and work (food, shelter, clothing); wants are things we would like but can live without.
Grade 5 Business & Finance, Lesson 8.1 (grade 5)
Needs are things required to live and work (food, shelter, clothing); wants are things we would like but can live without.
Grade 5 Business & Finance, Lesson 8.1 (grade 5)
needs approachEnglish
A method that totals what the survivors will actually need — debts, income, mortgage, education, final expenses — and subtracts resources already in place.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
A method that totals what the survivors will actually need — debts, income, mortgage, education, final expenses — and subtracts resources already in place.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12)
needs discoveryEnglish
Asking questions and listening to learn what a customer truly needs before offering a product.
Grade 7 Business & Finance, Lesson 6.3 (grade 7)
Asking questions and listening to learn what a customer truly needs before offering a product.
Grade 7 Business & Finance, Lesson 6.3 (grade 7)
negative amortizationEnglish
An increase in the loan balance that occurs when the payment is less than the interest due and the unpaid interest is added to principal.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
An increase in the loan balance that occurs when the payment is less than the interest due and the unpaid interest is added to principal.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
negative cash flowEnglish
A property’s income failing to cover operating expenses and debt service, so the owner must add cash each month.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
A property’s income failing to cover operating expenses and debt service, so the owner must add cash each month.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
negative equityEnglish
Owing more on a property than it is worth after selling costs; also called being “underwater.”
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
Owing more on a property than it is worth after selling costs; also called being “underwater.”
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
negative incentiveEnglish
A penalty that discourages an action, such as a fine, a loss or a lower grade.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7)
A penalty that discourages an action, such as a fine, a loss or a lower grade.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7)
negative leverageEnglish
Borrowing at a loan constant above the property’s cap rate, so the loan lowers the return on the owner’s cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
Borrowing at a loan constant above the property’s cap rate, so the loan lowers the return on the owner’s cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
negative spilloverEnglish
A cost that falls on others, such as smoke, noise or sewage.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
A cost that falls on others, such as smoke, noise or sewage.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
neglectEnglish
An insured's failure to use reasonable means to protect property at and after a loss — an excluded cause the insured controls.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
An insured's failure to use reasonable means to protect property at and after a loss — an excluded cause the insured controls.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
negligenceEnglish
Failing to take the care a reasonable person would take, so that someone is harmed.
Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
Failing to take the care a reasonable person would take, so that someone is harmed.
Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
negotiable instrumentEnglish
A written, unconditional promise to pay a sum certain that can be transferred to another holder, which is why notes can be sold on the secondary market.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
A written, unconditional promise to pay a sum certain that can be transferred to another holder, which is why notes can be sold on the secondary market.
Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12)
negotiable (jumbo) CDEnglish
A CD of $100,000 or more (usually $1 million or more) that can be sold to another investor in the secondary market instead of being redeemed early.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A CD of $100,000 or more (usually $1 million or more) that can be sold to another investor in the secondary market instead of being redeemed early.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
neighborhood classEnglish
Investor shorthand (A, B, C, D) rating an area by its buildings’ age and condition, rents, vacancy and price trends — never by who lives there.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
Investor shorthand (A, B, C, D) rating an area by its buildings’ age and condition, rents, vacancy and price trends — never by who lives there.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
neighborsEnglish
The people who live and work in the town around a business.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
The people who live and work in the town around a business.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
net amount at riskEnglish
The insurer’s true exposure: the death benefit minus the cash value — the slice the mortality charge actually pays for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The insurer’s true exposure: the death benefit minus the cash value — the slice the mortality charge actually pays for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
net asset value (NAV)English
A fund’s assets minus liabilities, divided by the number of fund shares: the value of one share.
Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
A fund’s assets minus liabilities, divided by the number of fund shares: the value of one share.
Personal Finance & Investing, Lesson 7.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
net assetsEnglish
A nonprofit’s assets minus liabilities (in place of owners’ equity), divided into net assets without donor restrictions and net assets with donor restrictions.
Accounting, Lesson 8.5 (grade 9–12)
A nonprofit’s assets minus liabilities (in place of owners’ equity), divided into net assets without donor restrictions and net assets with donor restrictions.
Accounting, Lesson 8.5 (grade 9–12)
net housing costEnglish
The owner’s monthly cost to live in a house hack: principal and interest, mortgage insurance, taxes, insurance and other fixed costs, plus repair and CapEx savings, minus rent collected from the other units.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
The owner’s monthly cost to live in a house hack: principal and interest, mortgage insurance, taxes, insurance and other fixed costs, plus repair and CapEx savings, minus rent collected from the other units.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
net incomeEnglish
The bottom line: gross profit minus operating expenses (and interest). If it is negative, it is a net loss.
Grade 6 Business & Finance, Lesson 7.3 (grade 6) · Grade 8 Business & Finance, Lesson 9.4 (grade 8) · Grade 8 Gardening & Animals, Lesson 8.4 (grade 8)
The bottom line: gross profit minus operating expenses (and interest). If it is negative, it is a net loss.
Grade 6 Business & Finance, Lesson 7.3 (grade 6) · Grade 8 Business & Finance, Lesson 9.4 (grade 8) · Grade 8 Gardening & Animals, Lesson 8.4 (grade 8)
net leaseEnglish
A lease in which the tenant pays rent plus some or all of the property’s expenses — taxes (single net), taxes and insurance (double net), or taxes, insurance and maintenance (triple net).
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A lease in which the tenant pays rent plus some or all of the property’s expenses — taxes (single net), taxes and insurance (double net), or taxes, insurance and maintenance (triple net).
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
net listingEnglish
A listing in which the seller receives a set net amount and the broker keeps everything above it; illegal or discouraged in many states because of the conflict of interest.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A listing in which the seller receives a set net amount and the broker keeps everything above it; illegal or discouraged in many states because of the conflict of interest.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
net listing price formulaEnglish
The price needed to give a seller a target net: (desired net + seller’s costs) ÷ (1 − commission rate).
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
The price needed to give a seller a target net: (desired net + seller’s costs) ÷ (1 − commission rate).
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
net migrationEnglish
People moving into a country minus people moving out in a period.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
People moving into a country minus people moving out in a period.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
net operating income (NOI)English
Effective gross income minus operating expenses; it excludes debt service (mortgage payments), tax depreciation and capital improvements.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +2 more
Effective gross income minus operating expenses; it excludes debt service (mortgage payments), tax depreciation and capital improvements.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +2 more
net payEnglish
Take-home pay: gross pay minus withholdings and voluntary deductions.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
Take-home pay: gross pay minus withholdings and voluntary deductions.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
net present value (NPV)English
The present value of an investment’s future cash inflows minus its cost. A positive NPV means it earns more than the required rate.
Accounting, Lesson 10.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12) · Economics & the History of Money, Lesson 11.3 (grade 11–12)
The present value of an investment’s future cash inflows minus its cost. A positive NPV means it earns more than the required rate.
Accounting, Lesson 10.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12) · Economics & the History of Money, Lesson 11.3 (grade 11–12)
net profitEnglish
Total revenue minus total costs.
Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · +1 more
Total revenue minus total costs.
Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 5 Business & Finance, Lesson 9.4 (grade 5) · Grade 7 Business & Finance, Lesson 9.4 (grade 7) · +1 more
net profit marginEnglish
Net income ÷ net sales.
Accounting, Lesson 9.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.2 (grade 8)
Net income ÷ net sales.
Accounting, Lesson 9.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.2 (grade 8)
net realizable valueEnglish
Accounts receivable minus the allowance: what the business expects to collect.
Accounting, Lesson 6.2 (grade 9–12)
Accounts receivable minus the allowance: what the business expects to collect.
Accounting, Lesson 6.2 (grade 9–12)
net rental incomeEnglish
For qualifying, a percentage of gross rent (commonly 75%) minus the property’s PITIA; positive income adds to earnings and a loss counts as debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
For qualifying, a percentage of gross rent (commonly 75%) minus the property’s PITIA; positive income adds to earnings and a loss counts as debt.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
net salesEnglish
Gross sales minus sales returns and allowances and sales discounts.
Accounting, Lesson 6.5 (grade 9–12)
Gross sales minus sales returns and allowances and sales discounts.
Accounting, Lesson 6.5 (grade 9–12)
net self-sufficiency rental incomeEnglish
The appraiser’s fair market rent for all units, including the owner’s, minus the greater of the appraiser’s vacancy and maintenance estimate or 25%.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
The appraiser’s fair market rent for all units, including the owner’s, minus the greater of the appraiser’s vacancy and maintenance estimate or 25%.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
net to sellerEnglish
The cash the seller receives at closing: the total of the seller’s credits minus the total of the seller’s debits.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
The cash the seller receives at closing: the total of the seller’s credits minus the total of the seller’s debits.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
net value of a jobEnglish
Take-home pay minus the costs of holding the job, such as commuting, uniforms and meals.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
Take-home pay minus the costs of holding the job, such as commuting, uniforms and meals.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
net worthEnglish
For a person or family, assets minus liabilities: the same idea as owner’s equity.
Grade 5 Business & Finance, Lesson 7.3 (grade 5) · Personal Finance & Investing, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
For a person or family, assets minus liabilities: the same idea as owner’s equity.
Grade 5 Business & Finance, Lesson 7.3 (grade 5) · Personal Finance & Investing, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
networkEnglish
The set of doctors, hospitals and other providers that have contracted with a plan to treat its members at negotiated prices.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 8.2 (grade 8)
The set of doctors, hospitals and other providers that have contracted with a plan to treat its members at negotiated prices.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 8.2 (grade 8)
news desertEnglish
A county with no local news source, or very limited access.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
A county with no local news source, or very limited access.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
newspaper of recordEnglish
The paper a county or town chooses for its official notices.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
The paper a county or town chooses for its official notices.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
nickelEnglish
A silver-colored coin with a smooth edge, worth 5 cents, with Thomas Jefferson on the front.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
A silver-colored coin with a smooth edge, worth 5 cents, with Thomas Jefferson on the front.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
NIPREnglish
The National Insurance Producer Registry (nipr.com), the electronic gateway through which most license applications and renewals flow to the states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
The National Insurance Producer Registry (nipr.com), the electronic gateway through which most license applications and renewals flow to the states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
no-fault / personal injury protection (PIP)English
A state system in which each driver's own policy pays his medical and wage losses regardless of fault, with lawsuits restricted below a threshold; mechanics vary by state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
A state system in which each driver's own policy pays his medical and wage losses regardless of fault, with lawsuits restricted below a threshold; mechanics vary by state.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
nominal and real GDPEnglish
Nominal GDP is measured in each year’s own prices; real GDP removes the effect of rising prices so that years can be compared fairly.
Grade 7 Business & Finance, Lesson 1.2 (grade 7)
Nominal GDP is measured in each year’s own prices; real GDP removes the effect of rising prices so that years can be compared fairly.
Grade 7 Business & Finance, Lesson 1.2 (grade 7)
nominal GDPEnglish
GDP measured in the prices of the year it is produced.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
GDP measured in the prices of the year it is produced.
Economics & the History of Money, Lesson 9.1 (grade 11–12)
nominal GDP growth (g)English
The yearly growth of GDP in current dollars: real growth plus inflation.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
The yearly growth of GDP in current dollars: real growth plus inflation.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
nominal returnEnglish
An investment’s stated return in dollars, before adjusting for inflation.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
An investment’s stated return in dollars, before adjusting for inflation.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
nonconforming (jumbo) loanEnglish
A conventional loan that does not meet Fannie Mae and Freddie Mac standards, most commonly because it exceeds the conforming loan limit.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
A conventional loan that does not meet Fannie Mae and Freddie Mac standards, most commonly because it exceeds the conforming loan limit.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
nonconforming useEnglish
A use that was lawful before a zoning change made it nonconforming and may continue, usually without expansion — often called “grandfathered.”
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
A use that was lawful before a zoning change made it nonconforming and may continue, usually without expansion — often called “grandfathered.”
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
noncontributory planEnglish
A group plan whose premium the employer pays entirely, commonly requiring 100% of eligible employees to participate.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
A group plan whose premium the employer pays entirely, commonly requiring 100% of eligible employees to participate.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.5 (grade 9–12)
non-disclosure stateEnglish
A state where sale prices are not required to be reported in the public record, so investors rely on the MLS, assessors and appraisers.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
A state where sale prices are not required to be reported in the public record, so investors rely on the MLS, assessors and appraisers.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
nonforfeiture optionsEnglish
The choices state law guarantees a policyowner who stops paying on a cash-value policy: cash surrender, reduced paid-up insurance, or extended term insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
The choices state law guarantees a policyowner who stops paying on a cash-value policy: cash surrender, reduced paid-up insurance, or extended term insurance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
nonjudicial foreclosureEnglish
Foreclosure without a lawsuit under a power-of-sale clause, usually in a deed of trust, ending in a trustee’s sale after statutory notices.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
Foreclosure without a lawsuit under a power-of-sale clause, usually in a deed of trust, ending in a trustee’s sale after statutory notices.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
non-owned autoEnglish
An auto the business does not own, lease or borrow but which is used in its business — commonly an employee's personal car on a company errand.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
An auto the business does not own, lease or borrow but which is used in its business — commonly an employee's personal car on a company errand.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
non-price rationingEnglish
Ways of deciding who gets a scarce good when price is not allowed to do it: lines, coupons, favoritism or first come, first served.
Economics & the History of Money, Lesson 2.5 (grade 11–12)
Ways of deciding who gets a scarce good when price is not allowed to do it: lines, coupons, favoritism or first come, first served.
Economics & the History of Money, Lesson 2.5 (grade 11–12)
nonprofit organizationEnglish
An organization that exists for a charitable, religious, educational or other public purpose; it has no owners, and any surplus is used for its mission.
Accounting, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.4 (grade 8)
An organization that exists for a charitable, religious, educational or other public purpose; it has no owners, and any surplus is used for its mission.
Accounting, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.4 (grade 8)
non-QM loanEnglish
A mortgage that does not meet the federal “qualified mortgage” standards, often priced higher and underwritten by different rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A mortgage that does not meet the federal “qualified mortgage” standards, often priced higher and underwritten by different rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
nonqualified deferred compensationEnglish
A contractual promise to pay an executive later; unfunded, unsecured and outside ERISA — if the company fails, the executive stands with the general creditors.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
A contractual promise to pay an executive later; unfunded, unsecured and outside ERISA — if the company fails, the executive stands with the general creditors.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
nonqualified stock option (NQSO)English
An employee option whose spread between market price and exercise price is taxed as ordinary wage income when exercised.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
An employee option whose spread between market price and exercise price is taxed as ordinary wage income when exercised.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
nonqualified useEnglish
Any period after 2008 during which neither the owner nor spouse used the property as a main home, with exceptions; gain allocated to it cannot be excluded.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Any period after 2008 during which neither the owner nor spouse used the property as a main home, with exceptions; gain allocated to it cannot be excluded.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
non-recourse loanEnglish
A loan on which, apart from listed exceptions, the lender can look only to the property for repayment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A loan on which, apart from listed exceptions, the lender can look only to the property for repayment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
non-resident licenseEnglish
A license another state grants a producer by reciprocity on the strength of his good-standing resident license, usually without another exam.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
A license another state grants a producer by reciprocity on the strength of his good-standing resident license, usually without another exam.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
normal balanceEnglish
The side on which an account’s increases are recorded, and so where its balance normally appears: debit for assets, expenses and drawing; credit for liabilities, capital and revenue.
Accounting, Lesson 2.1 (grade 9–12)
The side on which an account’s increases are recorded, and so where its balance normally appears: debit for assets, expenses and drawing; credit for liabilities, capital and revenue.
Accounting, Lesson 2.1 (grade 9–12)
normal distributionEnglish
The bell-shaped pattern in which about 68% of outcomes fall within one standard deviation of the mean and about 95% within two.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Statistics, Lesson 3.3 (grade 11–12)
The bell-shaped pattern in which about 68% of outcomes fall within one standard deviation of the mean and about 95% within two.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Statistics, Lesson 3.3 (grade 11–12)
normal (ordinary) wear and tearEnglish
Deterioration from ordinary, careful use over time, which a landlord may not charge against a deposit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
Deterioration from ordinary, careful use over time, which a landlord may not charge against a deposit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
normal wear and tearEnglish
The ordinary deterioration that comes from reasonable use over time, which generally may not be deducted from a security deposit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
The ordinary deterioration that comes from reasonable use over time, which generally may not be deducted from a security deposit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
noteEnglish
A piece of paper money. Long ago, a note was a written promise to pay coins.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Explore Hospitality and Home, Stop 3.7 (Ages 7–9)
A piece of paper money. Long ago, a note was a written promise to pay coins.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Explore Hospitality and Home, Stop 3.7 (Ages 7–9)
note payableEnglish
A written promise to pay a sum, usually with interest, by a certain date.
Accounting, Lesson 3.5 (grade 9–12)
A written promise to pay a sum, usually with interest, by a certain date.
Accounting, Lesson 3.5 (grade 9–12)
notes to the financial statementsEnglish
Explanations that accompany the statements: accounting methods, details of debt, leases, commitments and other information needed to understand the numbers.
Accounting, Lesson 4.5 (grade 9–12)
Explanations that accompany the statements: accounting methods, details of debt, leases, commitments and other information needed to understand the numbers.
Accounting, Lesson 4.5 (grade 9–12)
notice filingEnglish
The paperwork and fee a state may require from a federal covered adviser or the issuer of a federal covered security, without any power to approve or deny.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
The paperwork and fee a state may require from a federal covered adviser or the issuer of a federal covered security, without any power to approve or deny.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
notice of claimEnglish
The insured must notify the insurer within 20 days of a loss, or as soon as reasonably possible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The insured must notify the insurer within 20 days of a loss, or as soon as reasonably possible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
notice of entryEnglish
Advance notice a landlord must give before entering a tenant’s unit except in emergencies; the required time is set by state law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
Advance notice a landlord must give before entering a tenant’s unit except in emergencies; the required time is set by state law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
notice of lossEnglish
The insured's duty to tell the insurer or agent promptly that a loss has occurred — and to notify the police when the loss is a theft.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
The insured's duty to tell the insurer or agent promptly that a loss has occurred — and to notify the police when the loss is a theft.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
novationEnglish
The substitution of a new contract or a new party for an old one by agreement of all parties, releasing the original obligor completely.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
The substitution of a new contract or a new party for an old one by agreement of all parties, releasing the original obligor completely.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
NSF checkEnglish
A customer’s check returned by the bank for “not sufficient funds.” Subtracted from the book balance; the customer owes the amount again.
Accounting, Lesson 5.1 (grade 9–12)
A customer’s check returned by the bank for “not sufficient funds.” Subtracted from the book balance; the customer owes the amount again.
Accounting, Lesson 5.1 (grade 9–12)
NSMIAEnglish
The National Securities Markets Improvement Act of 1996, which divided regulation: larger advisers register federally with the SEC, smaller ones with the states.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
The National Securities Markets Improvement Act of 1996, which divided regulation: larger advisers register federally with the SEC, smaller ones with the states.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
NSMIA (1996)English
The National Securities Markets Improvement Act, which ended double regulation by assigning each adviser and many securities to either federal or state oversight, never both.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The National Securities Markets Improvement Act, which ended double regulation by assigning each adviser and many securities to either federal or state oversight, never both.
Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
O
oasisEnglish
A place in a desert with water, where travelers can rest and towns can grow.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.2 (grade 9–12) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 3.3 (grade 3) · +3 more
A place in a desert with water, where travelers can rest and towns can grow.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.2 (grade 9–12) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 3.3 (grade 3) · +3 more
obedienceEnglish
The duty to follow the client’s lawful instructions; an agent must refuse unlawful or unethical instructions, such as to discriminate or conceal a defect.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
The duty to follow the client’s lawful instructions; an agent must refuse unlawful or unethical instructions, such as to discriminate or conceal a defect.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
objectionEnglish
A customer’s concern or reason for not buying yet; often a request for information.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7) · Grade 8 Business & Finance, Lesson 6.3 (grade 8) · +1 more
A customer’s concern or reason for not buying yet; often a request for information.
Entrepreneurship & Sales, Lesson 7.4 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7) · Grade 8 Business & Finance, Lesson 6.3 (grade 8) · +1 more
objectivity and independenceEnglish
Being impartial and free of conflicts of interest; an auditor must be independent of the company audited, in fact and in appearance.
Accounting, Lesson 5.5 (grade 9–12)
Being impartial and free of conflicts of interest; an auditor must be independent of the company audited, in fact and in appearance.
Accounting, Lesson 5.5 (grade 9–12)
obligeeEnglish
The party a bond protects — the project owner, the state, the court — who receives payment if the principal defaults.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
The party a bond protects — the project owner, the state, the court — who receives payment if the principal defaults.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
occupancyEnglish
The share of units (or square feet) that is rented.
Seven Small Businesses, Lesson 1.4 (grade 9–12) · Explore Hospitality and Home · Ranger, Stop 4.6 (Ages 10–13) · Explore Hospitality and Home, Stop 4.6 (Ages 7–9)
The share of units (or square feet) that is rented.
Seven Small Businesses, Lesson 1.4 (grade 9–12) · Explore Hospitality and Home · Ranger, Stop 4.6 (Ages 10–13) · Explore Hospitality and Home, Stop 4.6 (Ages 7–9)
occupancy fraudEnglish
Falsely claiming on a loan application that you will live in a property in order to get owner-occupant terms.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
Falsely claiming on a loan application that you will live in a property in order to get owner-occupant terms.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
occupancy limitEnglish
A local code or zoning rule limiting how many people, or how many unrelated adults, may live in one dwelling or bedroom.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
A local code or zoning rule limiting how many people, or how many unrelated adults, may live in one dwelling or bedroom.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
occupancy rateEnglish
Nights booked divided by nights available, expressed as a percentage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.6 (Ages 14+)
Nights booked divided by nights available, expressed as a percentage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12) · Explore Hospitality and Home · Expert, Stop 4.6 (Ages 14+)
occupancy requirementEnglish
A loan condition that the borrower move into the property within a set time and live there, commonly for at least a year.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
A loan condition that the borrower move into the property within a set time and live there, commonly for at least a year.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
occupancy standardEnglish
A limit on the number of people per unit; it must be reasonable and may not be a disguise for excluding families with children.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
A limit on the number of people per unit; it must be reasonable and may not be a disguise for excluding families with children.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
occurrenceEnglish
An accident, including continuous or repeated exposure to substantially the same harmful conditions — the trigger of Coverage A under the occurrence definition.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
An accident, including continuous or repeated exposure to substantially the same harmful conditions — the trigger of Coverage A under the occurrence definition.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
occurrence formEnglish
A CGL form covering injury that happens during the policy period, no matter when the claim is finally made — even years after the policy expires.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
A CGL form covering injury that happens during the policy period, no matter when the claim is finally made — even years after the policy expires.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
ocean marine insuranceEnglish
The oldest line of insurance, covering ships and sea cargo through four classic coverages: hull, cargo, freight and protection and indemnity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
The oldest line of insurance, covering ships and sea cargo through four classic coverages: hull, cargo, freight and protection and indemnity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
odd-lot theoryEnglish
The old contrarian theory that small investors (odd-lot traders, under 100 shares) tend to be wrong at market turning points, so one should do the opposite at extremes.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
The old contrarian theory that small investors (odd-lot traders, under 100 shares) tend to be wrong at market turning points, so one should do the opposite at extremes.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
off-balance-sheet entityEnglish
A separate company set up so that its debts do not appear on the main company’s balance sheet.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
A separate company set up so that its debts do not appear on the main company’s balance sheet.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
off-balance-sheet financingEnglish
Borrowing in a way that keeps the debt off the company’s balance sheet.
Accounting, Lesson 9.4 (grade 9–12)
Borrowing in a way that keeps the debt off the company’s balance sheet.
Accounting, Lesson 9.4 (grade 9–12)
offer and acceptanceEnglish
One party proposes definite terms; the other agrees to them.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12)
One party proposes definite terms; the other agrees to them.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12)
offer and acceptance (agreement)English
The meeting of the minds that begins a contract; in insurance the applicant usually makes the offer by submitting the application with the premium, and the insurer accepts by issuing the policy as applied for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
The meeting of the minds that begins a contract; in insurance the applicant usually makes the offer by submitting the application with the premium, and the insurer accepts by issuing the policy as applied for.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
offer and acceptance (mutual assent)English
The “meeting of the minds”: one party proposes definite terms and the other agrees to exactly those terms, without changes.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
The “meeting of the minds”: one party proposes definite terms and the other agrees to exactly those terms, without changes.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
offer priceEnglish
The price an investor is willing to pay, set by the numbers rather than the list price.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
The price an investor is willing to pay, set by the numbers rather than the list price.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
offeringEnglish
A gift given to God, often at church.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · Personal Finance & Investing, Lesson 2.3 (grade 9–12)
A gift given to God, often at church.
Grade 1 Business & Finance, Lesson 8.3 (grade 1) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · Personal Finance & Investing, Lesson 2.3 (grade 9–12)
offeror / offereeEnglish
The offeror makes an offer; the offeree receives it and has the power to accept it.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The offeror makes an offer; the offeree receives it and has the power to accept it.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
off-market propertyEnglish
A property bought or sold without being listed on the MLS, often found through direct outreach or networking.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
A property bought or sold without being listed on the MLS, often found through direct outreach or networking.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
old-age dependency ratioEnglish
The number of people aged 65 and over for every 100 people of working age (15 to 64).
Economics & the History of Money, Lesson 11.6 (grade 11–12)
The number of people aged 65 and over for every 100 people of working age (15 to 64).
Economics & the History of Money, Lesson 11.6 (grade 11–12)
oligopolyEnglish
A market dominated by a few large sellers, each of whose choices affect the others.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
A market dominated by a few large sellers, each of whose choices affect the others.
Economics & the History of Money, Lesson 3.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
one-price systemEnglish
One marked price for every customer, instead of bargaining over each sale.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
One marked price for every customer, instead of bargaining over each sale.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
OPECEnglish
The Organization of the Petroleum Exporting Countries, founded in 1960 by oil-exporting nations to coordinate their oil policies.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
The Organization of the Petroleum Exporting Countries, founded in 1960 by oil-exporting nations to coordinate their oil policies.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
open buyer agency agreementEnglish
A non-exclusive buyer agreement under which the buyer may work with several brokers and pays only the one who locates the property purchased.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A non-exclusive buyer agreement under which the buyer may work with several brokers and pays only the one who locates the property purchased.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
open listingEnglish
A non-exclusive listing given to any number of brokers; only the broker who is the procuring cause of the sale is paid, and the owner may sell himself without owing anyone.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A non-exclusive listing given to any number of brokers; only the broker who is the procuring cause of the sale is paid, and the owner may sell himself without owing anyone.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
open market operationsEnglish
Fed purchases and sales of government securities that change the quantity of bank reserves.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.4 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
Fed purchases and sales of government securities that change the quantity of bank reserves.
Economics & the History of Money, Lesson 6.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 2.4 (grade 7) · Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
open questionEnglish
A question that cannot be answered yes or no (“Tell me about…”, “How do you…”).
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 7.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.3 (grade 8) · +3 more
A question that cannot be answered yes or no (“Tell me about…”, “How do you…”).
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Entrepreneurship & Sales, Lesson 7.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.3 (grade 8) · +3 more
open-end creditEnglish
Credit that can be used again and again up to a limit as it is repaid, like a credit card, as opposed to a single installment loan.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
Credit that can be used again and again up to a limit as it is repaid, like a credit card, as opposed to a single installment loan.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
open-end fundEnglish
An investment company that continuously issues new shares and stands ready to redeem them at net asset value; the legal shape of the ordinary mutual fund.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
An investment company that continuously issues new shares and stands ready to redeem them at net asset value; the legal shape of the ordinary mutual fund.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
opening entryEnglish
The first journal entry, recording the money and other things the owner or lenders put into the business.
Grade 6 Business & Finance, Lesson 9.2 (grade 6)
The first journal entry, recording the money and other things the owner or lenders put into the business.
Grade 6 Business & Finance, Lesson 9.2 (grade 6)
open-peril (special form) coverageEnglish
Coverage for all causes of direct physical loss except those excluded; the insurer must prove an exclusion applies to deny the claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
Coverage for all causes of direct physical loss except those excluded; the insurer must prove an exclusion applies to deny the claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
operating activitiesEnglish
Cash effects of the business’s main operations: cash from customers, cash paid to suppliers and workers, interest and taxes paid.
Accounting, Lesson 4.4 (grade 9–12)
Cash effects of the business’s main operations: cash from customers, cash paid to suppliers and workers, interest and taxes paid.
Accounting, Lesson 4.4 (grade 9–12)
operating agreementEnglish
The written contract that governs an LLC: ownership percentages, contributions, decisions, distributions, transfers and exit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
The written contract that governs an LLC: ownership percentages, contributions, decisions, distributions, transfers and exit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
operating budgetEnglish
The annual projection of a property’s income and expenses used to manage day-to-day operations.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
The annual projection of a property’s income and expenses used to manage day-to-day operations.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
operating cash flowEnglish
In Great Clips’ Item 19, sales minus the expenses it lists. Read Item 19’s own definition to see what is excluded.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
In Great Clips’ Item 19, sales minus the expenses it lists. Read Item 19’s own definition to see what is excluded.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
operating expensesEnglish
The costs of running the business other than cost of goods sold: wages, rent, utilities, advertising, depreciation, insurance and supplies.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.3 (grade 6) · +2 more
The costs of running the business other than cost of goods sold: wages, rent, utilities, advertising, depreciation, insurance and supplies.
Accounting, Lesson 4.1 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.3 (grade 6) · +2 more
operating incomeEnglish
Gross profit minus operating expenses: the profit from the business’s main activity, before other income and expenses such as interest.
Accounting, Lesson 4.1 (grade 9–12)
Gross profit minus operating expenses: the profit from the business’s main activity, before other income and expenses such as interest.
Accounting, Lesson 4.1 (grade 9–12)
operating, investing and financing activitiesEnglish
The three kinds of cash flow: operating (selling goods and paying everyday costs), investing (buying or selling equipment and buildings) and financing (borrowing, repaying, and owners putting in or taking out money).
Grade 6 Business & Finance, Lesson 7.4 (grade 6)
The three kinds of cash flow: operating (selling goods and paying everyday costs), investing (buying or selling equipment and buildings) and financing (borrowing, repaying, and owners putting in or taking out money).
Grade 6 Business & Finance, Lesson 7.4 (grade 6)
operating partnerEnglish
A partner who finds, rehabs and manages the deal and contributes time, skill and often a loan guarantee rather than most of the cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A partner who finds, rehabs and manages the deal and contributes time, skill and often a loan guarantee rather than most of the cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
operating profitEnglish
What is left after all the costs of running the business, usually before loan payments, income taxes and the owner’s own pay. Trade surveys often call it “operating net” or “operating cash flow.”
Seven Small Businesses, Lesson 1.1 (grade 9–12)
What is left after all the costs of running the business, usually before loan payments, income taxes and the owner’s own pay. Trade surveys often call it “operating net” or “operating cash flow.”
Seven Small Businesses, Lesson 1.1 (grade 9–12)
operating reserveEnglish
Reserves measured in months of a property’s PITI and operating costs, held for vacancies, nonpayment and short-term shocks.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
Reserves measured in months of a property’s PITI and operating costs, held for vacancies, nonpayment and short-term shocks.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
opportunity costEnglish
The value of the next-best alternative given up when a choice is made.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +3 more
The value of the next-best alternative given up when a choice is made.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +3 more
optionEnglish
A contract in which an owner, for consideration, gives another the exclusive right to buy or lease the property at a fixed price within a set period.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
A contract in which an owner, for consideration, gives another the exclusive right to buy or lease the property at a fixed price within a set period.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
Option A (level death benefit)English
A UL death benefit equal to the face amount; as cash value grows, the net amount at risk shrinks.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
A UL death benefit equal to the face amount; as cash value grows, the net amount at risk shrinks.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
Option B (increasing death benefit)English
A UL death benefit equal to the face amount plus the cash value, keeping the net amount at risk level and costing more.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
A UL death benefit equal to the face amount plus the cash value, keeping the net amount at risk level and costing more.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
option considerationEnglish
The money or other value actually paid for the option; it may or may not be credited toward the price if the option is exercised.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
The money or other value actually paid for the option; it may or may not be credited toward the price if the option is exercised.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
optionor / optioneeEnglish
The optionor is the owner who grants the option and is bound by it; the optionee is the holder who may exercise it or let it expire.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
The optionor is the owner who grants the option and is bound by it; the optionee is the holder who may exercise it or let it expire.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
opt-out noticeEnglish
The disclosure giving a customer a reasonable chance to forbid sharing of his nonpublic personal information with nonaffiliated third parties.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The disclosure giving a customer a reasonable chance to forbid sharing of his nonpublic personal information with nonaffiliated third parties.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
ordinance or law exclusionEnglish
Excludes the extra cost of rebuilding to current building codes beyond any small built-in allowance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
Excludes the extra cost of rebuilding to current building codes beyond any small built-in allowance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
ordinary (straight) whole lifeEnglish
Whole life with premiums payable for the insured’s entire life, giving the lowest level premium of the permanent designs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
Whole life with premiums payable for the insured’s entire life, giving the lowest level premium of the permanent designs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
original age (retroactive) conversionEnglish
Conversion priced as if the permanent policy had begun at the term policy’s issue age, requiring payment of the back premium difference.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
Conversion priced as if the permanent policy had begun at the term policy’s issue age, requiring payment of the back premium difference.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
origination feeEnglish
A charge by the lender for processing and making the loan, often expressed as a percentage of the loan amount.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
A charge by the lender for processing and making the loan, often expressed as a percentage of the loan amount.
Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12)
other incomeEnglish
Income from a rental property besides base rent, such as coin laundry, parking, storage, pet rent and utility bill-back.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Income from a rental property besides base rent, such as coin laundry, parking, storage, pet rent and utility bill-back.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
other-than-collision (OTC)English
The PAP's name for comprehensive: loss from perils like fire, theft, falling objects, hail, flood, vandalism, glass breakage, and contact with a bird or animal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
The PAP's name for comprehensive: loss from perils like fire, theft, falling objects, hail, flood, vandalism, glass breakage, and contact with a bird or animal.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
ounceEnglish
A unit of weight; gold is weighed in troy ounces, each a little over 31 grams.
Grade 4 Business & Finance, Lesson 2.4 (grade 4)
A unit of weight; gold is weighed in troy ounces, each a little over 31 grams.
Grade 4 Business & Finance, Lesson 2.4 (grade 4)
out-of-pocket maximumEnglish
The most an insured pays in deductibles, coinsurance and copays for covered in-network services in a year; beyond it the insurer pays 100% — also called the stop-loss limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12)
The most an insured pays in deductibles, coinsurance and copays for covered in-network services in a year; beyond it the insurer pays 100% — also called the stop-loss limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.3 (grade 9–12)
output targetEnglish
A quota of production set by planners for a factory or farm.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
A quota of production set by planners for a factory or farm.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
outstanding checkEnglish
A check written and recorded in the books but not yet paid by the bank. Subtracted from the bank balance.
Accounting, Lesson 5.1 (grade 9–12)
A check written and recorded in the books but not yet paid by the bank. Subtracted from the bank balance.
Accounting, Lesson 5.1 (grade 9–12)
overdraftEnglish
Spending more than the account holds; the bank may refuse the payment or cover it and charge a fee.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
Spending more than the account holds; the bank may refuse the payment or cover it and charge a fee.
Personal Finance & Investing, Lesson 3.2 (grade 9–12)
over-leverageEnglish
Borrowing so much against a portfolio that ordinary vacancies, repairs or rate changes cannot be absorbed by cash flow and reserves.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
Borrowing so much against a portfolio that ordinary vacancies, repairs or rate changes cannot be absorbed by cash flow and reserves.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
overtimeEnglish
Under the Fair Labor Standards Act (1938), hourly employees covered by the law must be paid at least 1½ times their regular rate for hours over 40 in a workweek.
Accounting, Lesson 7.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 5.4 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
Under the Fair Labor Standards Act (1938), hourly employees covered by the law must be paid at least 1½ times their regular rate for hours over 40 in a workweek.
Accounting, Lesson 7.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 5.4 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
owned mediaEnglish
Channels a business controls, such as its own website or email list.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
Channels a business controls, such as its own website or email list.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
ownerEnglish
The person who owns a business, puts in money and tools, takes the risk and keeps the profit or the loss.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Kindergarten Business & Finance, Lesson 4.4 (grade K)
The person who owns a business, puts in money and tools, takes the risk and keeps the profit or the loss.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Kindergarten Business & Finance, Lesson 4.4 (grade K)
owner investmentEnglish
Cash or other assets the owner puts into the business; it increases capital and is not revenue.
Accounting, Lesson 4.2 (grade 9–12)
Cash or other assets the owner puts into the business; it increases capital and is not revenue.
Accounting, Lesson 4.2 (grade 9–12)
owner statementEnglish
The manager’s regular report to the owner showing rent collected, expenses paid, fees and the amount sent to the owner.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
The manager’s regular report to the owner showing rent collected, expenses paid, fees and the amount sent to the owner.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
owner-occupancy requirementEnglish
A local rule requiring the owner of a lot with an ADU to live in the main home or the ADU; prohibited in Washington and Oregon cities covered by state law as of 2026.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
A local rule requiring the owner of a lot with an ADU to live in the main home or the ADU; prohibited in Washington and Oregon cities covered by state law as of 2026.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12)
owner-occupant loanEnglish
A mortgage for a property the borrower will live in as a principal residence, usually with a lower down payment and rate than an investment loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
A mortgage for a property the borrower will live in as a principal residence, usually with a lower down payment and rate than an investment loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
owner’s drawEnglish
Money the owner takes out of the business for personal use or giving; it lowers owner’s equity and is not an expense.
Grade 6 Business & Finance, Lesson 9.4 (grade 6)
Money the owner takes out of the business for personal use or giving; it lowers owner’s equity and is not an expense.
Grade 6 Business & Finance, Lesson 9.4 (grade 6)
owner’s equityEnglish
The owner’s claim on the assets after liabilities are paid: assets − liabilities. It rises with owner investments and revenue, and falls with withdrawals and expenses.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5) · Grade 6 Business & Finance, Lesson 9.1 (grade 6)
The owner’s claim on the assets after liabilities are paid: assets − liabilities. It rises with owner investments and revenue, and falls with withdrawals and expenses.
Accounting, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 7.3 (grade 5) · Grade 6 Business & Finance, Lesson 9.1 (grade 6)
owner’s vs. lender’s policyEnglish
An owner’s policy protects the buyer for the purchase price as long as the buyer or heirs hold an interest; a lender’s policy protects the lender for the loan balance and follows the loan when it is sold.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
An owner’s policy protects the buyer for the purchase price as long as the buyer or heirs hold an interest; a lender’s policy protects the lender for the loan balance and follows the loan when it is sold.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
ownership and use testsEnglish
The Section 121 requirements that the seller owned the home and used it as a main home for at least two years each during the five years ending on the date of sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The Section 121 requirements that the seller owned the home and used it as a main home for at least two years each during the five years ending on the date of sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
ownership categoryEnglish
The way an account is held (single, joint, certain retirement accounts, trusts); FDIC coverage applies separately to each.
Personal Finance & Investing, Lesson 3.3 (grade 9–12)
The way an account is held (single, joint, certain retirement accounts, trusts); FDIC coverage applies separately to each.
Personal Finance & Investing, Lesson 3.3 (grade 9–12)
ownership of expirationsEnglish
The contract right to the client list and renewal relationships when an agent leaves — held by the independent agent, but by the carrier under most captive contracts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
The contract right to the client list and renewal relationships when an agent leaves — held by the independent agent, but by the carrier under most captive contracts.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12)
own-occupation definitionEnglish
Total disability defined as the inability to perform the duties of the insured's own occupation — the more generous definition, common in the first period of a claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
Total disability defined as the inability to perform the duties of the insured's own occupation — the more generous definition, common in the first period of a claim.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
P
pacingEnglish
Choosing the speed of acquisitions by written tests of reserves, cash flow and capacity rather than by excitement or market noise.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 7.1 (grade 6) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 7.1 (grade 9)
Choosing the speed of acquisitions by written tests of reserves, cash flow and capacity rather than by excitement or market noise.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12) · Grade 6 Composition & Creative Writing: Maxim, Refutation and Confirmation, Lesson 7.1 (grade 6) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 7.1 (grade 9)
package policyEnglish
A single policy combining two or more lines of coverage, priced with a discount because the insurer saves expense and the insured avoids gaps.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A single policy combining two or more lines of coverage, priced with a discount because the insurer saves expense and the insured avoids gaps.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
paid in arrearsEnglish
Paid at the end of the period it covers, such as property taxes in many places and mortgage interest; the seller owes the buyer for the seller’s unpaid days.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
Paid at the end of the period it covers, such as property taxes in many places and mortgage interest; the seller owes the buyer for the seller’s unpaid days.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12)
paid-up policyEnglish
A policy on which no further premiums are owed while coverage continues — the state every limited-pay design reaches at the end of its paying period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
A policy on which no further premiums are owed while coverage continues — the state every limited-pay design reaches at the end of its paying period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
pain pointEnglish
A specific part of a problem that frustrates customers or costs them time or money.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
A specific part of a problem that frustrates customers or costs them time or money.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
pain relieverEnglish
A feature that removes or reduces a problem the customer has.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
A feature that removes or reduces a problem the customer has.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
paired-sales analysisEnglish
Deriving the value of a single feature by comparing the prices of two sales that are alike except for that feature.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
Deriving the value of a single feature by comparing the prices of two sales that are alike except for that feature.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
panelEnglish
The group of at least two adults who hear the capstone presentation, ask questions and score it with the rubric.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.4 (grade 11)
The group of at least two adults who hear the capstone presentation, ask questions and score it with the rubric.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.4 (grade 11)
paper moneyEnglish
Printed paper notes that people agree to take as money.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.3 (grade 3)
Printed paper notes that people agree to take as money.
Grade 1 Business & Finance, Lesson 2.4 (grade 1) · Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.3 (grade 3)
par valueEnglish
An arbitrary amount per share set in the corporate charter, often very small; it has nothing to do with market value.
Accounting, Lesson 8.3 (grade 9–12) · Economics & the History of Money, Lesson 6.2 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
An arbitrary amount per share set in the corporate charter, often very small; it has nothing to do with market value.
Accounting, Lesson 8.3 (grade 9–12) · Economics & the History of Money, Lesson 6.2 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
par value (preferred)English
The stated face amount of a preferred share, by convention $100, on which the percentage dividend is figured — a 5% preferred pays $5 a year.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
The stated face amount of a preferred share, by convention $100, on which the percentage dividend is figured — a 5% preferred pays $5 a year.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
parcel postEnglish
The Post Office’s package-delivery service, begun on January 1, 1913, which carried larger packages to every address.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
The Post Office’s package-delivery service, begun on January 1, 1913, which carried larger packages to every address.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
ParliamentEnglish
The group of lawmakers who make the laws of Great Britain.
Grade 3 Business & Finance, Lesson 5.2 (grade 3) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.2 (grade 7)
The group of lawmakers who make the laws of Great Britain.
Grade 3 Business & Finance, Lesson 5.2 (grade 3) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.2 (grade 7)
partial disabilityEnglish
A benefit, commonly a flat percentage such as 50% of the total benefit, paid when the insured can perform some but not all duties or can work only part-time.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A benefit, commonly a flat percentage such as 50% of the total benefit, paid when the insured can perform some but not all duties or can work only part-time.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
participating (par) policyEnglish
A policy that shares in the insurer’s favorable experience through dividends; nonparticipating policies pay none.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
A policy that shares in the insurer’s favorable experience through dividends; nonparticipating policies pay none.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
participating preferredEnglish
Preferred stock entitled to extra dividends beyond its stated rate when the board declares them, sharing in prosperity with the common.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
Preferred stock entitled to extra dividends beyond its stated rate when the board declares them, sharing in prosperity with the common.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
particular averageEnglish
A partial marine loss that falls on one interest alone — storm damage to one merchant's cargo — with no contribution from the others.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
A partial marine loss that falls on one interest alone — storm damage to one merchant's cargo — with no contribution from the others.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
partitionEnglish
A court action by which a co-owner asks to have co-owned property divided, either physically (in kind) or by sale and division of the proceeds.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 7.2 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 9.4 (grade 9–12) · +1 more
A court action by which a co-owner asks to have co-owned property divided, either physically (in kind) or by sale and division of the proceeds.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 7.2 (grade 9–12) · Geography and History: Why Borders Fall Where They Do, Lesson 9.4 (grade 9–12) · +1 more
partnerEnglish
A person who owns and runs a business together with someone else.
Grade 1 Business & Finance, Lesson 4.2 (grade 1) · Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · +3 more
A person who owns and runs a business together with someone else.
Grade 1 Business & Finance, Lesson 4.2 (grade 1) · Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · +3 more
partnershipEnglish
An association of two or more persons who carry on a business as co-owners for profit.
Accounting, Lesson 8.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 9.1 (grade 4) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · +1 more
An association of two or more persons who carry on a business as co-owners for profit.
Accounting, Lesson 8.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 9.1 (grade 4) · Grade 5 Business & Finance, Lesson 4.2 (grade 5) · +1 more
partnership agreementEnglish
The written contract that sets out each partner’s capital, duties, share of profits and losses, and what happens if a partner leaves or dies.
Accounting, Lesson 8.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Grade 7 Business & Finance, Lesson 9.2 (grade 7)
The written contract that sets out each partner’s capital, duties, share of profits and losses, and what happens if a partner leaves or dies.
Accounting, Lesson 8.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Grade 7 Business & Finance, Lesson 9.2 (grade 7)
party in interestEnglish
Anyone close enough to the plan to raise conflict concerns: the employer, fiduciaries, service providers, unions and certain relatives and affiliates.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
Anyone close enough to the plan to raise conflict concerns: the employer, fiduciaries, service providers, unions and certain relatives and affiliates.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
passing scoreEnglish
The minimum exam score a state requires — usually 70%, with a few states or lines using 60–65%.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The minimum exam score a state requires — usually 70%, with a few states or lines using 60–65%.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
passive activityEnglish
A trade or business in which the taxpayer does not materially participate, and generally any rental activity; losses from it can generally offset only passive income unless an exception applies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
A trade or business in which the taxpayer does not materially participate, and generally any rental activity; losses from it can generally offset only passive income unless an exception applies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
passive management (indexing)English
Holding the securities of an index to match its return at minimal cost, making no attempt to beat it.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Holding the securities of an index to match its return at minimal cost, making no attempt to beat it.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
patentEnglish
A government grant giving an inventor the exclusive right to make and sell an invention for a limited time (now 20 years in the United States).
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.2 (grade 9–12) · Grade 1 Business & Finance, Lesson 4.2 (grade 1) · +3 more
A government grant giving an inventor the exclusive right to make and sell an invention for a limited time (now 20 years in the United States).
Economics & the History of Money, Lesson 3.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.2 (grade 9–12) · Grade 1 Business & Finance, Lesson 4.2 (grade 1) · +3 more
patent defectEnglish
A defect visible or readily discoverable on reasonable inspection, such as a cracked window.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A defect visible or readily discoverable on reasonable inspection, such as a cracked window.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
patent poolEnglish
An agreement among patent holders to license one another’s patents, usually sharing fees.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12) · Fabrics & Sewing II, Lesson 4.1 (grade 6–8) · Textile Science & Clothing Construction, Lesson 7.2 (grade 9–12)
An agreement among patent holders to license one another’s patents, usually sharing fees.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12) · Fabrics & Sewing II, Lesson 4.1 (grade 6–8) · Textile Science & Clothing Construction, Lesson 7.2 (grade 9–12)
paternalismEnglish
When an employer acts like a strict father to workers, controlling parts of their private lives for what he thinks is their good.
Grade 7 Business & Finance, Lesson 5.2 (grade 7) · Grade 8 Business & Finance, Lesson 3.3 (grade 8)
When an employer acts like a strict father to workers, controlling parts of their private lives for what he thinks is their good.
Grade 7 Business & Finance, Lesson 5.2 (grade 7) · Grade 8 Business & Finance, Lesson 3.3 (grade 8)
Pathway FileEnglish
The portfolio this course has built since Unit 1 — the state facts sheet, checklists, comparisons, models and commitments a student carries from the course to the real licensing road.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
The portfolio this course has built since Unit 1 — the state facts sheet, checklists, comparisons, models and commitments a student carries from the course to the real licensing road.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
patienceEnglish
Waiting calmly and not giving up.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 3 Business & Finance, Lesson 8.1 (grade 3) · Kindergarten Business & Finance, Lesson 8.3 (grade K) · +1 more
Waiting calmly and not giving up.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 3 Business & Finance, Lesson 8.1 (grade 3) · Kindergarten Business & Finance, Lesson 8.3 (grade K) · +1 more
Paul v. Virginia (1869)English
The Supreme Court decision holding that issuing an insurance policy is not a transaction of interstate commerce — leaving insurance regulation to the states for 75 years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
The Supreme Court decision holding that issuing an insurance policy is not a transaction of interstate commerce — leaving insurance regulation to the states for 75 years.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
pay yourself firstEnglish
Setting aside savings as soon as you are paid, before spending on anything else.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
Setting aside savings as soon as you are paid, before spending on anything else.
Personal Finance & Investing, Lesson 2.2 (grade 9–12)
pay-as-you-goEnglish
A system in which today’s workers’ taxes pay today’s retirees’ benefits.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
A system in which today’s workers’ taxes pay today’s retirees’ benefits.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
pay-as-you-go pensionEnglish
A pension paid from the taxes of today’s workers rather than from money saved and invested in advance.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
A pension paid from the taxes of today’s workers rather than from money saved and invested in advance.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
payback periodEnglish
How long it takes for an investment’s cash inflows to repay its cost.
Accounting, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Seven Small Businesses, Lesson 1.1 (grade 9–12)
How long it takes for an investment’s cash inflows to repay its cost.
Accounting, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.5 (grade 9–12) · Seven Small Businesses, Lesson 1.1 (grade 9–12)
payment planEnglish
A written agreement letting a tenant pay overdue rent in installments along with current rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A written agreement letting a tenant pay overdue rent in installments along with current rent.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
payor benefit riderEnglish
On a juvenile policy, waives premiums if the adult premium-payor dies or becomes disabled before the child reaches a stated age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
On a juvenile policy, waives premiums if the adult premium-payor dies or becomes disabled before the child reaches a stated age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
pay-or-quit noticeEnglish
A written notice, in the form and time state law requires, telling a tenant to pay overdue rent or leave by a stated date.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A written notice, in the form and time state law requires, telling a tenant to pay overdue rent or leave by a stated date.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
payout rateEnglish
The percentage of an endowment spent each year.
Personal Finance & Investing, Lesson 10.3 (grade 9–12)
The percentage of an endowment spent each year.
Personal Finance & Investing, Lesson 10.3 (grade 9–12)
payroll taxEnglish
A tax on wages, such as Social Security and Medicare, usually withheld by the employer.
Personal Finance & Investing, Lesson 6.1 (grade 9–12) · Economics & the History of Money, Lesson 11.6 (grade 11–12)
A tax on wages, such as Social Security and Medicare, usually withheld by the employer.
Personal Finance & Investing, Lesson 6.1 (grade 9–12) · Economics & the History of Money, Lesson 11.6 (grade 11–12)
PCAOBEnglish
The Public Company Accounting Oversight Board, which registers, inspects and sets standards for auditors of public companies.
Accounting, Lesson 9.4 (grade 9–12)
The Public Company Accounting Oversight Board, which registers, inspects and sets standards for auditors of public companies.
Accounting, Lesson 9.4 (grade 9–12)
PDSAEnglish
Plan, do, study, act: Deming’s cycle for testing and adopting improvements.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
Plan, do, study, act: Deming’s cycle for testing and adopting improvements.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
peakEnglish
The high point of activity before a contraction begins.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12) · Grade 2 Geography: Our Country, Coast to Coast, Lesson 4.3 (grade 2) · +1 more
The high point of activity before a contraction begins.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12) · Grade 2 Geography: Our Country, Coast to Coast, Lesson 4.3 (grade 2) · +1 more
Pecora hearingsEnglish
The Senate Banking Committee's 1932–34 investigation of Wall Street practices, whose revelations built public support for the securities acts.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
The Senate Banking Committee's 1932–34 investigation of Wall Street practices, whose revelations built public support for the securities acts.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
penaltyEnglish
An extra charge for filing or paying late, or for underreporting tax.
Personal Finance & Investing, Lesson 6.5 (grade 9–12) · Sports & Games of the World, Lesson 1.4 (grade 4–7)
An extra charge for filing or paying late, or for underreporting tax.
Personal Finance & Investing, Lesson 6.5 (grade 9–12) · Sports & Games of the World, Lesson 1.4 (grade 4–7)
penetration pricingEnglish
Setting a low price to win customers quickly; skimming is the opposite, starting high and lowering over time.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12)
Setting a low price to win customers quickly; skimming is the opposite, starting high and lowering over time.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12)
pennyEnglish
A brown coin worth 1 cent, with Abraham Lincoln on the front.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
A brown coin worth 1 cent, with Abraham Lincoln on the front.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
pensionEnglish
Money paid to a worker after he or she is too old to work.
Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Grade 6 Business & Finance, Lesson 4.3 (grade 6)
Money paid to a worker after he or she is too old to work.
Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Grade 6 Business & Finance, Lesson 4.3 (grade 6)
Pension Benefit Guaranty Corporation (PBGC)English
The federal corporation created by ERISA that insures defined benefit pensions up to set limits when a plan fails.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
The federal corporation created by ERISA that insures defined benefit pensions up to set limits when a plan fails.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
pension (defined-benefit plan)English
A plan in which an employer promises a set monthly income in retirement, usually based on years of service and pay.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
A plan in which an employer promises a set monthly income in retirement, usually based on years of service and pay.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
per capitaEnglish
Latin for “by the head”: proceeds are divided equally among the named class members who are alive, with nothing passing down a dead member’s branch.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
Latin for “by the head”: proceeds are divided equally among the named class members who are alive, with nothing passing down a dead member’s branch.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
per hourEnglish
A price charged for each hour of work.
Grade 4 Business & Finance, Lesson 9.2 (grade 4)
A price charged for each hour of work.
Grade 4 Business & Finance, Lesson 9.2 (grade 4)
per jobEnglish
A price charged for a whole task, no matter how long it takes.
Grade 4 Business & Finance, Lesson 9.2 (grade 4)
A price charged for a whole task, no matter how long it takes.
Grade 4 Business & Finance, Lesson 9.2 (grade 4)
per stirpesEnglish
Latin for “by the branch”: a deceased beneficiary’s share passes down to his or her own living children.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
Latin for “by the branch”: a deceased beneficiary’s share passes down to his or her own living children.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
percent of changeEnglish
The difference between a new and an old value divided by the old value; positive for appreciation, negative for depreciation or loss.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
The difference between a new and an old value divided by the old value; positive for appreciation, negative for depreciation or loss.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
percentage leaseEnglish
A lease, common in retail, in which the tenant pays a base rent plus a percentage of gross sales above a stated amount, the breakpoint.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A lease, common in retail, in which the tenant pays a base rent plus a percentage of gross sales above a stated amount, the breakpoint.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
perfect competitionEnglish
A market with many buyers and sellers of an identical product, free entry and exit, and good information, so that no one can affect the price.
Economics & the History of Money, Lesson 3.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
A market with many buyers and sellers of an identical product, free entry and exit, and good information, so that no one can affect the price.
Economics & the History of Money, Lesson 3.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.2 (grade 6) · Grade 8 Business & Finance, Lesson 3.1 (grade 8)
performance-based feeEnglish
Compensation calculated as a share of capital gains or appreciation in the client’s account — prohibited except for qualified clients.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
Compensation calculated as a share of capital gains or appreciation in the client’s account — prohibited except for qualified clients.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
perilEnglish
The cause of a loss — fire, windstorm, theft, death, sickness.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
The cause of a loss — fire, windstorm, theft, death, sickness.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12)
period of restorationEnglish
The span business income coverage pays for: from shortly after the loss until the property should be repaired or replaced with reasonable speed and the business restored.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
The span business income coverage pays for: from shortly after the loss until the property should be repaired or replaced with reasonable speed and the business restored.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
periodic estateEnglish
A leasehold that continues for successive periods (week to week, month to month, year to year) and renews automatically until one party gives proper notice; also called a periodic tenancy or estate from period to period.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
A leasehold that continues for successive periods (week to week, month to month, year to year) and renews automatically until one party gives proper notice; also called a periodic tenancy or estate from period to period.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
periodic (month-to-month) tenancyEnglish
A tenancy that renews automatically for successive periods, such as each month, until either side gives proper notice to end it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
A tenancy that renews automatically for successive periods, such as each month, until either side gives proper notice to end it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
periodic systemEnglish
Inventory is counted at the end of the period, and cost of goods sold is computed then: beginning inventory + net purchases − ending inventory.
Accounting, Lesson 6.3 (grade 9–12)
Inventory is counted at the end of the period, and cost of goods sold is computed then: beginning inventory + net purchases − ending inventory.
Accounting, Lesson 6.3 (grade 9–12)
periodicals mailEnglish
A U.S. Postal Service mail class for newspapers and magazines.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
A U.S. Postal Service mail class for newspapers and magazines.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
permanence of investmentEnglish
The economic characteristic that capital invested in land and buildings is fixed in place for a long time and is recovered slowly; also called fixity.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The economic characteristic that capital invested in land and buildings is fixed in place for a long time and is recovered slowly; also called fixity.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
permanent life insuranceEnglish
Life insurance (such as whole life) that lasts for life and builds a cash value; it costs much more than term for the same death benefit.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
Life insurance (such as whole life) that lasts for life and builds a cash value; it costs much more than term for the same death benefit.
Personal Finance & Investing, Lesson 5.5 (grade 9–12)
permanent (real) accountsEnglish
Asset, liability and capital accounts, whose balances carry forward from one period to the next.
Accounting, Lesson 1.4 (grade 9–12)
Asset, liability and capital accounts, whose balances carry forward from one period to the next.
Accounting, Lesson 1.4 (grade 9–12)
per-member-per-month (PMPM)English
A health-insurance compensation method paying the agent a flat dollar amount each month for each covered member, instead of a percentage of premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
A health-insurance compensation method paying the agent a flat dollar amount each month for each covered member, instead of a percentage of premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
permissionEnglish
Being allowed to do something by the person or rule in charge.
Grade 3 Business & Finance, Lesson 9.1 (grade 3) · Kindergarten Gardening & Animals, Lesson 4.4 (grade K)
Being allowed to do something by the person or rule in charge.
Grade 3 Business & Finance, Lesson 9.1 (grade 3) · Kindergarten Gardening & Animals, Lesson 4.4 (grade K)
permission marketingEnglish
Marketing only to people who have asked to hear from you, and stopping when they ask.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
Marketing only to people who have asked to hear from you, and stopping when they ask.
Entrepreneurship & Sales, Lesson 6.5 (grade 9–12)
permissive userEnglish
Any person using the insured's covered auto with a reasonable belief of permission — an insured for liability coverage while using it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
Any person using the insured's covered auto with a reasonable belief of permission — an insured for liability coverage while using it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
permitEnglish
Written permission from a town or county to do something, such as sell food or set up a stand.
Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Grade 8 Business & Finance, Lesson 9.1 (grade 8)
Written permission from a town or county to do something, such as sell food or set up a stand.
Grade 5 Business & Finance, Lesson 9.1 (grade 5) · Grade 8 Business & Finance, Lesson 9.1 (grade 8)
per-occurrence limitEnglish
The most the policy pays for all damages arising from any one occurrence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
The most the policy pays for all damages arising from any one occurrence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
perpetual systemEnglish
Inventory and cost of goods sold are updated with every purchase and every sale, so the records always show what should be on hand.
Accounting, Lesson 6.3 (grade 9–12)
Inventory and cost of goods sold are updated with every purchase and every sale, so the records always show what should be on hand.
Accounting, Lesson 6.3 (grade 9–12)
perseveranceEnglish
Keeping on with a good work in spite of difficulty, failure or delay.
Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.2 (grade 7) · Explore Heroines of History and Faith · Expert, Stop 2.3 (Ages 14+)
Keeping on with a good work in spite of difficulty, failure or delay.
Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 2.2 (grade 7) · Explore Heroines of History and Faith · Expert, Stop 2.3 (Ages 14+)
persevereEnglish
To continue on the same course because the evidence says it is working or will work.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Explore Heroines of History and Faith, Stop 2.3 (Ages 7–9)
To continue on the same course because the evidence says it is working or will work.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Explore Heroines of History and Faith, Stop 2.3 (Ages 7–9)
persistencyEnglish
The insurance word for how long policies stay in force — the carrier's measure of an agent's book, and the hinge on which advances, bonuses and contracts turn.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The insurance word for how long policies stay in force — the carrier's measure of an agent's book, and the hinge on which advances, bonuses and contracts turn.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
personal and advertising injuryEnglish
Coverage B's package of offenses: libel, slander, false arrest, malicious prosecution, wrongful eviction, and use of another's advertising idea, among others — harms without physical contact.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
Coverage B's package of offenses: libel, slander, false arrest, malicious prosecution, wrongful eviction, and use of another's advertising idea, among others — harms without physical contact.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
personal articles floaterEnglish
An inland marine policy (or endorsement) scheduling valuables item by item at appraised values, open peril, worldwide, commonly with no deductible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
An inland marine policy (or endorsement) scheduling valuables item by item at appraised values, open peril, worldwide, commonly with no deductible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.4 (grade 9–12)
personal auto policy (PAP)English
The standardized package policy covering a family's autos, built of Part A liability, Part B medical payments, Part C uninsured motorists, Part D damage to your auto, Part E duties, and Part F general provisions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
The standardized package policy covering a family's autos, built of Part A liability, Part B medical payments, Part C uninsured motorists, Part D damage to your auto, Part E duties, and Part F general provisions.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
personal contractEnglish
A contract with a particular person rather than with property; a property policy does not follow a house or car to its buyer without the insurer’s consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
A contract with a particular person rather than with property; a property policy does not follow a house or car to its buyer without the insurer’s consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12)
personal guaranteeEnglish
A promise by a business owner to repay a business loan from his own money if the business cannot.
Grade 8 Business & Finance, Lesson 6.2 (grade 8) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A promise by a business owner to repay a business loan from his own money if the business cannot.
Grade 8 Business & Finance, Lesson 6.2 (grade 8) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
personal injury (liability sense)English
A group of offenses — libel, slander, defamation, false arrest, invasion of privacy — that umbrellas commonly cover and that bodily-injury-only forms do not.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
A group of offenses — libel, slander, defamation, false arrest, invasion of privacy — that umbrellas commonly cover and that bodily-injury-only forms do not.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
personal propertyEnglish
Everything that is not real property — movable items also called chattels or personalty — transferred by a bill of sale.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Everything that is not real property — movable items also called chattels or personalty — transferred by a bill of sale.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
personal property of othersEnglish
Property belonging to customers or others that is in the insured's care, custody or control at the described premises — a repair shop's customer goods, for example.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
Property belonging to customers or others that is in the insured's care, custody or control at the described premises — a repair shop's customer goods, for example.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
personal representativeEnglish
The person appointed to manage a deceased person’s estate, also called an executor or administrator.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
The person appointed to manage a deceased person’s estate, also called an executor or administrator.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
personal umbrella policyEnglish
A separate liability policy of $1 million or more that sits above the homeowners and auto liability limits for catastrophic claims.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
A separate liability policy of $1 million or more that sits above the homeowners and auto liability limits for catastrophic claims.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
persuadeEnglish
To give someone good reasons to believe or do something.
Grade 3 Business & Finance, Lesson 6.3 (grade 3) · Grade 4 Business & Finance, Lesson 6.3 (grade 4)
To give someone good reasons to believe or do something.
Grade 3 Business & Finance, Lesson 6.3 (grade 3) · Grade 4 Business & Finance, Lesson 6.3 (grade 4)
PETEEnglish
The memory aid for the four government powers over land: Police power, Eminent domain, Taxation, Escheat.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The memory aid for the four government powers over land: Police power, Eminent domain, Taxation, Escheat.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
petitionEnglish
A written request, signed by many people, asking a government or an employer to make a change.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
A written request, signed by many people, asking a government or an employer to make a change.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
petty cash fundEnglish
A small amount of cash kept on hand, under one custodian, for minor payments such as postage or small supplies.
Accounting, Lesson 5.2 (grade 9–12)
A small amount of cash kept on hand, under one custodian, for minor payments such as postage or small supplies.
Accounting, Lesson 5.2 (grade 9–12)
petty cash voucherEnglish
A receipt form signed by the person receiving petty cash, showing the date, amount and purpose.
Accounting, Lesson 5.2 (grade 9–12)
A receipt form signed by the person receiving petty cash, showing the date, amount and purpose.
Accounting, Lesson 5.2 (grade 9–12)
phantom incomeEnglish
Taxable income the holder must report before receiving it in cash — the yearly accretion on a zero-coupon bond or the inflation adjustment on a TIPS.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Taxable income the holder must report before receiving it in cash — the yearly accretion on a zero-coupon bond or the inflation adjustment on a TIPS.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Phase I environmental site assessmentEnglish
An investigation of a property’s history and condition through records, site inspection and interviews, without sampling, to identify recognized environmental conditions.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
An investigation of a property’s history and condition through records, site inspection and interviews, without sampling, to identify recognized environmental conditions.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
philanthropyEnglish
Giving money and effort for the good of others, especially through lasting institutions.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 7 Business & Finance, Lesson 4.2 (grade 7)
Giving money and effort for the good of others, especially through lasting institutions.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 5 Business & Finance, Lesson 4.4 (grade 5) · Grade 7 Business & Finance, Lesson 4.2 (grade 7)
phishingEnglish
A message pretending to be from a trusted company or person, meant to trick you into revealing passwords, codes or account numbers.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
A message pretending to be from a trusted company or person, meant to trick you into revealing passwords, codes or account numbers.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
photographEnglish
A picture made with a camera.
Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.3 (grade 3)
A picture made with a camera.
Grade 2 Business & Finance, Lesson 5.3 (grade 2) · Grade 3 Business & Finance, Lesson 5.3 (grade 3)
photographerEnglish
A person who takes pictures with a camera.
Grade 1 Business & Finance, Lesson 5.3 (grade 1)
A person who takes pictures with a camera.
Grade 1 Business & Finance, Lesson 5.3 (grade 1)
physical deteriorationEnglish
Loss in value from wear and tear, age and the elements; curable if the cost to fix is no more than the value it adds.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
Loss in value from wear and tear, age and the elements; curable if the cost to fix is no more than the value it adds.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
physical hazardEnglish
A tangible condition that raises the chance of loss, such as frayed wiring, icy steps or a wood-shingle roof.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
A tangible condition that raises the chance of loss, such as frayed wiring, icy steps or a wood-shingle roof.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
physical vacancyEnglish
The share of units (or unit-months) that are actually empty.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
The share of units (or unit-months) that are actually empty.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
piece of eightEnglish
The Spanish silver peso of 8 reales, struck in the Americas and used worldwide.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Grade 6 Business & Finance, Lesson 2.2 (grade 6) · +2 more
The Spanish silver peso of 8 reales, struck in the Americas and used worldwide.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 2.2 (grade 4) · Grade 6 Business & Finance, Lesson 2.2 (grade 6) · +2 more
Pigouvian taxEnglish
A tax equal to the external cost per unit, named for the economist Arthur Pigou (1920), which makes producers bear the full cost.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
A tax equal to the external cost per unit, named for the economist Arthur Pigou (1920), which makes producers bear the full cost.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
pilgrimageEnglish
A long journey to a holy place.
Grade 3 Business & Finance, Lesson 2.2 (grade 3) · Explore Heroines of History and Faith · Expert, Stop 2.2 (Ages 14+) · Explore Heroines of History and Faith · Ranger, Stop 2.2 (Ages 10–13) · +3 more
A long journey to a holy place.
Grade 3 Business & Finance, Lesson 2.2 (grade 3) · Explore Heroines of History and Faith · Expert, Stop 2.2 (Ages 14+) · Explore Heroines of History and Faith · Ranger, Stop 2.2 (Ages 10–13) · +3 more
PITIEnglish
Principal, interest, taxes and insurance: the full monthly housing payment for an owner.
Personal Finance & Investing, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · +3 more
Principal, interest, taxes and insurance: the full monthly housing payment for an owner.
Personal Finance & Investing, Lesson 9.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.2 (grade 9–12) · +3 more
PITIAEnglish
Principal, interest, taxes, insurance and association dues — the full monthly housing payment lenders use.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
Principal, interest, taxes, insurance and association dues — the full monthly housing payment lenders use.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
pivotEnglish
A deliberate change in one part of a business (product, customer, channel or model) based on what has been learned, keeping what works.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.3 (grade 8) · Grade 3 Engineering & Physics, Lesson 8.3 (grade 3) · +3 more
A deliberate change in one part of a business (product, customer, channel or model) based on what has been learned, keeping what works.
Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.3 (grade 8) · Grade 3 Engineering & Physics, Lesson 8.3 (grade 3) · +3 more
planEnglish
Deciding ahead of time what you will do, how and when.
Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · Kindergarten Business & Finance, Lesson 6.2 (grade K) · +3 more
Deciding ahead of time what you will do, how and when.
Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · Kindergarten Business & Finance, Lesson 6.2 (grade K) · +3 more
plan fiduciaryEnglish
Anyone who exercises discretion over a plan’s management or assets, or gives paid investment advice to the plan — held to ERISA’s duties personally.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
Anyone who exercises discretion over a plan’s management or assets, or gives paid investment advice to the plan — held to ERISA’s duties personally.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
plan reviewEnglish
The health department’s check of a cart’s design and menu before it is permitted.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
The health department’s check of a cart’s design and menu before it is permitted.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
planned unit development (PUD)English
A development in which owners hold their lots and homes in fee and an owners’ association owns and manages the common areas.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
A development in which owners hold their lots and homes in fee and an owners’ association owns and manages the common areas.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
plant assets (property, plant and equipment)English
Long-lived, tangible assets used in operations: land, buildings, machinery, vehicles, furniture.
Accounting, Lesson 7.1 (grade 9–12)
Long-lived, tangible assets used in operations: land, buildings, machinery, vehicles, furniture.
Accounting, Lesson 7.1 (grade 9–12)
platEnglish
A map of land showing its boundaries, dimensions and divisions, such as the lots and blocks of a subdivision, often recorded in public records.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.1 (grade 4)
A map of land showing its boundaries, dimensions and divisions, such as the lots and blocks of a subdivision, often recorded in public records.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.1 (grade 4)
platform feeEnglish
The fee a booking website charges the host, the guest or both for each reservation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
The fee a booking website charges the host, the guest or both for each reservation.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
plottageEnglish
The increase in value when two or more parcels are combined (assembled) into one more useful parcel; assemblage is the act of combining them.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The increase in value when two or more parcels are combined (assembled) into one more useful parcel; assemblage is the act of combining them.
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
point of beginning (POB)English
The fixed starting point of a metes-and-bounds description, to which the description must return to close.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
The fixed starting point of a metes-and-bounds description, to which the description must return to close.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
pointsEnglish
An upfront lender fee stated as a percentage of the loan amount; one point equals 1% of the loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12) · Grade 6 Cooking & Food, Lesson 8.2 (grade 6) · Explore Horses and Ponies · Ranger, Stop 1.8 (Ages 10–13)
An upfront lender fee stated as a percentage of the loan amount; one point equals 1% of the loan.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12) · Grade 6 Cooking & Food, Lesson 8.2 (grade 6) · Explore Horses and Ponies · Ranger, Stop 1.8 (Ages 10–13)
points (lender)English
Upfront fees charged as a percentage of the loan amount; one point is 1%.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
Upfront fees charged as a percentage of the loan amount; one point is 1%.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
police powerEnglish
The government’s power to regulate the use of property to protect public health, safety, morals and general welfare, ordinarily without paying compensation.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The government’s power to regulate the use of property to protect public health, safety, morals and general welfare, ordinarily without paying compensation.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
policyEnglish
The written contract of insurance — from the Italian polizza, a written promise or receipt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
The written contract of insurance — from the Italian polizza, a written promise or receipt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
policy deliveryEnglish
The agent’s hand-off of the issued policy to the owner — personally where practice or insurer rules require — with an explanation of its provisions, riders and any changes made in underwriting.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
The agent’s hand-off of the issued policy to the owner — personally where practice or insurer rules require — with an explanation of its provisions, riders and any changes made in underwriting.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
policy dividendEnglish
A non-guaranteed return of excess premium paid on participating policies — and, as a return of the policyowner’s own money, generally not taxable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
A non-guaranteed return of excess premium paid on participating policies — and, as a return of the policyowner’s own money, generally not taxable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
policy loanEnglish
The owner’s right to borrow against cash value; unpaid loans and interest reduce the death benefit, and a loan exceeding the cash value can lapse the policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
The owner’s right to borrow against cash value; unpaid loans and interest reduce the death benefit, and a loan exceeding the cash value can lapse the policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
policyholderEnglish
The person or business that owns an insurance policy and is owed its promises.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12)
The person or business that owns an insurance policy and is owed its promises.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.1 (grade 9–12)
policyownerEnglish
The person who owns the contract and its rights — to name beneficiaries, take values and make changes — who may or may not be the insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
The person who owns the contract and its rights — to name beneficiaries, take values and make changes — who may or may not be the insured.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.1 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
politeEnglish
Kind and respectful in words and actions.
Grade 1 Business & Finance, Lesson 9.3 (grade 1)
Kind and respectful in words and actions.
Grade 1 Business & Finance, Lesson 9.3 (grade 1)
Ponzi schemeEnglish
A fraud that pays earlier investors with money from new investors rather than from real profits; it collapses when new money stops.
Accounting, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
A fraud that pays earlier investors with money from new investors rather than from real profits; it collapses when new money stops.
Accounting, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
portfolio DSCREnglish
Total net operating income of all properties divided by their total annual debt service.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
Total net operating income of all properties divided by their total annual debt service.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.1 (grade 9–12)
portfolio loanEnglish
A loan the lender keeps on its own books instead of selling, so the lender can set its own rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A loan the lender keeps on its own books instead of selling, so the lender can set its own rules.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
portfolio stress testEnglish
Recomputing every property’s cash flow under bad but plausible conditions at the same time, and adding the results.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
Recomputing every property’s cash flow under bad but plausible conditions at the same time, and adding the results.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
POS (point-of-service) planEnglish
A hybrid requiring a gatekeeper primary care physician like an HMO but allowing out-of-network care at higher cost like a PPO.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A hybrid requiring a gatekeeper primary care physician like an HMO but allowing out-of-network care at higher cost like a PPO.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
positionEnglish
What a party says it wants (“I want $500”).
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 1.1 (grade 8) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 1.4 (grade 3) · +1 more
What a party says it wants (“I want $500”).
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 1.1 (grade 8) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 1.4 (grade 3) · +1 more
positioningEnglish
The place a product holds in customers’ minds compared with competitors (for example, “the pure soap”).
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12)
The place a product holds in customers’ minds compared with competitors (for example, “the pure soap”).
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12)
positive incentiveEnglish
A reward that encourages an action, such as a wage, a profit or a prize.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7)
A reward that encourages an action, such as a wage, a profit or a prize.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7)
positive leverageEnglish
Borrowing at a loan constant below the property’s cap rate, so the loan raises the return on the owner’s cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
Borrowing at a loan constant below the property’s cap rate, so the loan raises the return on the owner’s cash.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
positive spilloverEnglish
A benefit that falls on others, such as a neighbor’s well-kept garden or a well-educated citizen.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
A benefit that falls on others, such as a neighbor’s well-kept garden or a well-educated citizen.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
post-closing trial balanceEnglish
A trial balance prepared after closing; it lists only permanent accounts and proves the ledger is ready for the new period.
Accounting, Lesson 3.4 (grade 9–12)
A trial balance prepared after closing; it lists only permanent accounts and proves the ledger is ready for the new period.
Accounting, Lesson 3.4 (grade 9–12)
postingEnglish
Transferring each amount from the journal to the debit or credit side of the ledger account named.
Accounting, Lesson 2.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Explore Horses and Ponies · Expert, Stop 2.6 (Ages 14+)
Transferring each amount from the journal to the debit or credit side of the ledger account named.
Accounting, Lesson 2.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Explore Horses and Ponies · Expert, Stop 2.6 (Ages 14+)
posting reference (PR)English
A column in the journal where the account number is written when the entry is posted, so every amount can be traced.
Accounting, Lesson 2.2 (grade 9–12)
A column in the journal where the account number is written when the entry is posted, so every amount can be traced.
Accounting, Lesson 2.2 (grade 9–12)
post-licensing educationEnglish
Additional coursework some states require of new licensees within a set period or by their first renewal.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
Additional coursework some states require of new licensees within a set period or by their first renewal.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
potential gross income (PGI)English
The total annual income a property would produce if fully rented at market rent all year, before any vacancy.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
The total annual income a property would produce if fully rented at market rent all year, before any vacancy.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
potentially responsible party (PRP)English
Under CERCLA, a current or past owner or operator, a generator who arranged for disposal, or a transporter who may be liable for cleanup costs.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
Under CERCLA, a current or past owner or operator, a generator who arranged for disposal, or a transporter who may be liable for cleanup costs.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
potteryEnglish
Dishes, bowls and vases made of clay and baked hard in a hot oven called a kiln.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 4 Business & Finance, Lesson 4.2 (grade 4)
Dishes, bowls and vases made of clay and baked hard in a hot oven called a kiln.
Grade 2 Business & Finance, Lesson 4.3 (grade 2) · Grade 4 Business & Finance, Lesson 4.2 (grade 4)
power of attorneyEnglish
A document authorizing someone to act for you in financial or health matters if you cannot.
Personal Finance & Investing, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
A document authorizing someone to act for you in financial or health matters if you cannot.
Personal Finance & Investing, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
PPO (preferred provider organization)English
A plan whose members may see any provider without referrals, paying less in network and more out of network.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
A plan whose members may see any provider without referrals, paying less in network and more out of network.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.1 (grade 9–12)
practice finalEnglish
This course's full-length, 150-question, two-and-a-half-hour exam, sat closed-book under a proctor exactly like a testing-center attempt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
This course's full-length, 150-question, two-and-a-half-hour exam, sat closed-book under a proctor exactly like a testing-center attempt.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
practice setEnglish
A complete set of transactions for a business, worked through every step of the accounting cycle.
Accounting, Lesson 3.5 (grade 9–12)
A complete set of transactions for a business, worked through every step of the accounting cycle.
Accounting, Lesson 3.5 (grade 9–12)
pre-approvalEnglish
A loan offer from a bank or credit union obtained before shopping, used to compare with dealer financing.
Personal Finance & Investing, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
A loan offer from a bank or credit union obtained before shopping, used to compare with dealer financing.
Personal Finance & Investing, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
predatory lendingEnglish
Abusive lending practices — such as equity stripping, loan flipping and fee packing — that profit the lender at the borrower’s expense.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
Abusive lending practices — such as equity stripping, loan flipping and fee packing — that profit the lender at the borrower’s expense.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
predetermined overhead rateEnglish
Estimated annual overhead ÷ estimated annual amount of an allocation base (such as direct labor cost or machine hours), set at the start of the year to apply overhead to jobs.
Accounting, Lesson 10.2 (grade 9–12)
Estimated annual overhead ÷ estimated annual amount of an allocation base (such as direct labor cost or machine hours), set at the start of the year to apply overhead to jobs.
Accounting, Lesson 10.2 (grade 9–12)
preemptive rightEnglish
The right of an existing shareholder to buy enough of any new issue to maintain his or her proportional ownership — an antidilution protection.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
The right of an existing shareholder to buy enough of any new issue to maintain his or her proportional ownership — an antidilution protection.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
preferred returnEnglish
A return paid to an investing partner from cash flow before the remaining cash flow is split, often stated as a yearly percent of capital contributed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A return paid to an investing partner from cash flow before the remaining cash flow is split, often stated as a yearly percent of capital contributed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
preferred stockEnglish
Shares with priority over common stock for dividends (usually a fixed rate) and in liquidation, usually without a say in choosing the directors.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
Shares with priority over common stock for dividends (usually a fixed rate) and in liquidation, usually without a say in choosing the directors.
Accounting, Lesson 8.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
pre-licensing educationEnglish
Classroom or online study hours some states require before a candidate may sit the exam; more than thirty states have eliminated the requirement, and states that keep it commonly require roughly 20–40 hours per line.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
Classroom or online study hours some states require before a candidate may sit the exam; more than thirty states have eliminated the requirement, and states that keep it commonly require roughly 20–40 hours per line.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
premises liabilityEnglish
Coverage that defends and pays claims for bodily injury or property damage that others suffer because of the condition of the insured property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
Coverage that defends and pays claims for bodily injury or property damage that others suffer because of the condition of the insured property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
premises/operations hazardEnglish
Liability exposure from the insured's location and ongoing work — the customer who slips in the showroom or the trench a contractor leaves open.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
Liability exposure from the insured's location and ongoing work — the customer who slips in the showroom or the trench a contractor leaves open.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
premiumEnglish
The price paid for an insurance policy.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Grade 8 Business & Finance, Lesson 8.4 (grade 8) · +3 more
The price paid for an insurance policy.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Grade 7 Business & Finance, Lesson 5.3 (grade 7) · Grade 8 Business & Finance, Lesson 8.4 (grade 8) · +3 more
premium / discountEnglish
The amount by which a closed-end fund’s market price stands above (premium) or below (discount) its net asset value.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
The amount by which a closed-end fund’s market price stands above (premium) or below (discount) its net asset value.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
premium and discountEnglish
A bond priced above par trades at a premium; below par, at a discount; the price adjusts until the bond’s fixed coupon matches the market’s required yield.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
A bond priced above par trades at a premium; below par, at a discount; the price adjusts until the bond’s fixed coupon matches the market’s required yield.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
pre-mortemEnglish
An exercise done before a decision: imagine the deal has failed, list every reason it might have failed, and add a safeguard for each.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
An exercise done before a decision: imagine the deal has failed, list every reason it might have failed, and add a safeguard for each.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
pre-orderEnglish
An order placed (and sometimes paid) before the product is made or delivered.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12)
An order placed (and sometimes paid) before the product is made or delivered.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12)
prepaid expenseEnglish
An asset for a cost paid in advance (supplies, insurance, rent). Adjusting moves the used-up part to expense.
Accounting, Lesson 3.2 (grade 9–12)
An asset for a cost paid in advance (supplies, insurance, rent). Adjusting moves the used-up part to expense.
Accounting, Lesson 3.2 (grade 9–12)
prepaymentEnglish
Paying extra principal before it is due, which shortens the loan and reduces interest.
Personal Finance & Investing, Lesson 9.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
Paying extra principal before it is due, which shortens the loan and reduces interest.
Personal Finance & Investing, Lesson 9.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
prepayment penaltyEnglish
A fee for paying off a loan early, often stepping down over several years (for example, 3-2-1 or 5-4-3-2-1 percent).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A fee for paying off a loan early, often stepping down over several years (for example, 3-2-1 or 5-4-3-2-1 percent).
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
prepayment riskEnglish
The risk that homeowners refinance when rates fall, returning principal early just when it must be reinvested at lower rates.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
The risk that homeowners refinance when rates fall, returning principal early just when it must be reinvested at lower rates.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
present valueEnglish
What a future amount is worth today at a given interest (discount) rate: PV = FV/(1+r)^n.
Accounting, Lesson 10.4 (grade 9–12) · Accounting, Lesson 7.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · +1 more
What a future amount is worth today at a given interest (discount) rate: PV = FV/(1+r)^n.
Accounting, Lesson 10.4 (grade 9–12) · Accounting, Lesson 7.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · +1 more
present value (PV)English
What a future sum is worth today, found by discounting it at a given rate.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
What a future sum is worth today, found by discounting it at a given rate.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12)
preservativeEnglish
Something added to food to keep it from spoiling.
Grade 2 Business & Finance, Lesson 5.4 (grade 2) · Grade 6 Cooking & Food, Lesson 1.3 (grade 6) · Grade 7 Life Science: Cells and Microbes, Lesson 6.2 (grade 7)
Something added to food to keep it from spoiling.
Grade 2 Business & Finance, Lesson 5.4 (grade 2) · Grade 6 Cooking & Food, Lesson 1.3 (grade 6) · Grade 7 Life Science: Cells and Microbes, Lesson 6.2 (grade 7)
presumptive disabilityEnglish
A provision paying the full benefit, often without the usual proof, when the insured suffers specified losses such as sight, hearing, speech or the use of two limbs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A provision paying the full benefit, often without the usual proof, when the insured suffers specified losses such as sight, hearing, speech or the use of two limbs.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
pre-tax deductionEnglish
An amount taken from gross pay before income tax is figured, such as some retirement or health-plan contributions.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
An amount taken from gross pay before income tax is figured, such as some retirement or health-plan contributions.
Personal Finance & Investing, Lesson 1.2 (grade 9–12)
pretest questionsEnglish
The 10 unscored, unidentified questions mixed into the exam to test future items; they look identical to scored questions.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The 10 unscored, unidentified questions mixed into the exam to test future items; they look identical to scored questions.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
pretest (unscored) itemEnglish
A new question included to gather statistics for future exams; it does not count, and the candidate cannot tell which items they are.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
A new question included to gather statistics for future exams; it does not count, and the candidate cannot tell which items they are.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
preventive maintenanceEnglish
Scheduled work done to keep equipment and structures from failing, such as servicing furnaces and cleaning gutters.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
Scheduled work done to keep equipment and structures from failing, such as servicing furnaces and cleaning gutters.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
priceEnglish
How much money you must pay to buy something.
Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · +3 more
How much money you must pay to buy something.
Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · +3 more
price ceilingEnglish
A legal maximum price; if set below equilibrium, it causes a shortage.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · +1 more
A legal maximum price; if set below equilibrium, it causes a shortage.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · +1 more
price controlEnglish
A rule that sets the highest price sellers are allowed to charge.
Grade 3 Business & Finance, Lesson 5.4 (grade 3) · Grade 5 Business & Finance, Lesson 5.4 (grade 5)
A rule that sets the highest price sellers are allowed to charge.
Grade 3 Business & Finance, Lesson 5.4 (grade 3) · Grade 5 Business & Finance, Lesson 5.4 (grade 5)
price elasticity of demandEnglish
The percentage change in quantity demanded divided by the percentage change in price; it measures how strongly buyers respond to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
The percentage change in quantity demanded divided by the percentage change in price; it measures how strongly buyers respond to price.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
price fixingEnglish
An agreement among competitors to set prices, including commission rates or fees, rather than setting them independently; illegal per se.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
An agreement among competitors to set prices, including commission rates or fees, rather than setting them independently; illegal per se.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
price floorEnglish
A legal minimum price; if set above equilibrium, it causes a surplus.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · +1 more
A legal minimum price; if set above equilibrium, it causes a surplus.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · +1 more
price indexEnglish
A number that compares the cost of a fixed basket of goods in one year with its cost in a base year, which is set equal to 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6)
A number that compares the cost of a fixed basket of goods in one year with its cost in a base year, which is set equal to 100.
Grade 6 Business & Finance, Lesson 2.4 (grade 6)
price makerEnglish
A seller that can choose its price, because it faces the whole downward-sloping market demand curve.
Economics & the History of Money, Lesson 3.4 (grade 11–12)
A seller that can choose its price, because it faces the whole downward-sloping market demand curve.
Economics & the History of Money, Lesson 3.4 (grade 11–12)
price per square footEnglish
Sale price divided by finished living area; a useful check that misleads when sizes, features or condition differ.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
Sale price divided by finished living area; a useful check that misleads when sizes, features or condition differ.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
price per square foot (rehab)English
A rough estimate of rehab cost from the home’s size multiplied by a cost per square foot for the level of work; a screening tool, not a budget.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
A rough estimate of rehab cost from the home’s size multiplied by a cost per square foot for the level of work; a screening tool, not a budget.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
price premiumEnglish
The extra price customers will pay for a trusted brand over an unknown product.
Entrepreneurship & Sales, Lesson 6.2 (grade 9–12)
The extra price customers will pay for a trusted brand over an unknown product.
Entrepreneurship & Sales, Lesson 6.2 (grade 9–12)
price revolutionEnglish
The long rise in European prices from about 1500 to 1650, when the general price level rose several times over.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
The long rise in European prices from about 1500 to 1650, when the general price level rose several times over.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
price signalEnglish
A change in price that tells buyers and sellers that something has become more or less scarce.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 5 Business & Finance, Lesson 3.1 (grade 5) · +1 more
A change in price that tells buyers and sellers that something has become more or less scarce.
Economics & the History of Money, Lesson 2.5 (grade 11–12) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 5 Business & Finance, Lesson 3.1 (grade 5) · +1 more
price surveyEnglish
Recording the price of the same item at several sellers in order to compare them.
Grade 5 Business & Finance, Lesson 3.2 (grade 5)
Recording the price of the same item at several sellers in order to compare them.
Grade 5 Business & Finance, Lesson 3.2 (grade 5)
price tagEnglish
A small sign that shows how much something costs.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Kindergarten Business & Finance, Lesson 3.4 (grade K)
A small sign that shows how much something costs.
Grade 1 Business & Finance, Lesson 3.4 (grade 1) · Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Kindergarten Business & Finance, Lesson 3.4 (grade K)
price takerEnglish
A seller too small to influence the market price; it can sell all it wants at that price and nothing above it.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
A seller too small to influence the market price; it can sell all it wants at that price and nothing above it.
Economics & the History of Money, Lesson 3.1 (grade 11–12)
price-fixingEnglish
An agreement among competitors to set prices instead of competing; illegal in the United States under the Sherman Antitrust Act.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
An agreement among competitors to set prices instead of competing; illegal in the United States under the Sherman Antitrust Act.
Grade 7 Business & Finance, Lesson 3.4 (grade 7)
price-specie flowEnglish
Hume’s argument that gold flowing into a country raises its prices until its exports fall and the flow reverses.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
Hume’s argument that gold flowing into a country raises its prices until its exports fall and the flow reverses.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
price-to-book ratioEnglish
Market price per share divided by book value (net worth) per share.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Market price per share divided by book value (net worth) per share.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
price-to-earnings (P/E) ratioEnglish
Market price per share divided by earnings per share; the price of one dollar of a company’s earnings.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Market price per share divided by earnings per share; the price of one dollar of a company’s earnings.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
price-to-rent ratioEnglish
A property’s or market’s price divided by its annual rent; lower ratios mean rents are high relative to prices.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
A property’s or market’s price divided by its annual rent; lower ratios mean rents are high relative to prices.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
price-weighted indexEnglish
An index averaging member share prices, so high-priced stocks move it most — the Dow Jones Industrial Average is the classic example.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
An index averaging member share prices, so high-priced stocks move it most — the Dow Jones Industrial Average is the classic example.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
price–yield relationshipEnglish
Bond prices and interest rates move inversely: when prevailing rates rise, existing bond prices fall, and when rates fall, prices rise.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
Bond prices and interest rates move inversely: when prevailing rates rise, existing bond prices fall, and when rates fall, prices rise.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
primary balanceEnglish
Tax revenue minus spending other than interest. A primary surplus means taxes cover everything but interest, with some left over.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
Tax revenue minus spending other than interest. A primary surplus means taxes cover everything but interest, with some left over.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
primary beneficiaryEnglish
The first in line for the proceeds; if no primary survives the insured, the proceeds move to the contingent class.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
The first in line for the proceeds; if no primary survives the insured, the proceeds move to the contingent class.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
primary marketEnglish
The market where an issuer sells new securities to investors and the sale proceeds go to the issuer, as in an initial public offering.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
The market where an issuer sells new securities to investors and the sale proceeds go to the issuer, as in an initial public offering.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
primary mortgage marketEnglish
The market in which lenders originate loans directly to borrowers — banks, thrifts, credit unions and mortgage bankers.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
The market in which lenders originate loans directly to borrowers — banks, thrifts, credit unions and mortgage bankers.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12)
primary researchEnglish
New facts you gather yourself, by surveys, interviews, counting or watching.
Grade 6 Business & Finance, Lesson 6.2 (grade 6)
New facts you gather yourself, by surveys, interviews, counting or watching.
Grade 6 Business & Finance, Lesson 6.2 (grade 6)
primary sourceEnglish
A document or object from the time being studied: a letter, a newspaper, a price list, a law, a photograph.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 4.1 (grade 10) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 2.2 (grade 11) · +3 more
A document or object from the time being studied: a letter, a newspaper, a price list, a law, a photograph.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 4.1 (grade 10) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 2.2 (grade 11) · +3 more
principal (client)English
The person who hires an agent and to whom the agent owes fiduciary duties.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
The person who hires an agent and to whom the agent owes fiduciary duties.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
principal meridianEnglish
A north–south survey line established as the reference for all townships and ranges in a survey area.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
A north–south survey line established as the reference for all townships and ranges in a survey area.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
principal paydownEnglish
The part of each mortgage payment that reduces the loan balance, increasing the owner’s equity; also called loan paydown or debt paydown.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
The part of each mortgage payment that reduces the loan balance, increasing the owner’s equity; also called loan paydown or debt paydown.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
principal residenceEnglish
The home a borrower lives in for most of the year; a person may have only one at a time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
The home a borrower lives in for most of the year; a person may have only one at a time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
principal sumEnglish
The AD&D policy's face amount, paid for accidental death and commonly for losses such as two limbs or the sight of both eyes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
The AD&D policy's face amount, paid for accidental death and commonly for losses such as two limbs or the sight of both eyes.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
principal vs. agency capacityEnglish
A firm acting as principal (dealer) trades from its own inventory and is paid a markup or markdown; acting as agent (broker) it matches the customer with another party for a commission.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
A firm acting as principal (dealer) trades from its own inventory and is paid a markup or markdown; acting as agent (broker) it matches the customer with another party for a commission.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
principle of indemnityEnglish
The rule that insurance restores the insured to approximately the financial condition he enjoyed before the loss — making him whole, never better off.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
The rule that insurance restores the insured to approximately the financial condition he enjoyed before the loss — making him whole, never better off.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
printing pressEnglish
A machine that presses inked letters onto paper to make many copies.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 4 Spanish, Lesson 1.2 (grade 4)
A machine that presses inked letters onto paper to make many copies.
Grade 2 Business & Finance, Lesson 4.4 (grade 2) · Grade 4 Spanish, Lesson 1.2 (grade 4)
prior appropriationEnglish
The doctrine, used in most western states, that water rights belong to whoever first puts the water to beneficial use and secures a right under state law — “first in time, first in right” — regardless of who owns the bank.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 2.4 (grade 8) · Human Geography, Lesson 9.2 (grade 9–12)
The doctrine, used in most western states, that water rights belong to whoever first puts the water to beneficial use and secures a right under state law — “first in time, first in right” — regardless of who owns the bank.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 2.4 (grade 8) · Human Geography, Lesson 9.2 (grade 9–12)
private equityEnglish
Funds that buy whole companies or large stakes outside public markets, improve or restructure them over years, and sell; venture capital is its early-stage branch.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
Funds that buy whole companies or large stakes outside public markets, improve or restructure them over years, and sell; venture capital is its early-stage branch.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
private moneyEnglish
A loan from an individual, such as a relative or friend, rather than an institution.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A loan from an individual, such as a relative or friend, rather than an institution.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
private mortgage insurance (PMI)English
Insurance from a private company protecting the lender against part of its loss if a borrower defaults, commonly required on conventional loans above 80% LTV.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
Insurance from a private company protecting the lender against part of its loss if a borrower defaults, commonly required on conventional loans above 80% LTV.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
private placement (USA)English
An offering directed to no more than 10 non-institutional persons in the state in 12 months, with no commissions for soliciting retail buyers, who purchase for investment — an exempt transaction.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
An offering directed to no more than 10 non-institutional persons in the state in 12 months, with no commissions for soliciting retail buyers, who purchase for investment — an exempt transaction.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
pro formaEnglish
A seller’s or broker’s projected income and expenses, often optimistic, which must be verified rather than trusted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
A seller’s or broker’s projected income and expenses, often optimistic, which must be verified rather than trusted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
probateEnglish
The court process of proving a will, paying debts and distributing an estate.
Personal Finance & Investing, Lesson 10.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
The court process of proving a will, paying debts and distributing an estate.
Personal Finance & Investing, Lesson 10.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
probationary periodEnglish
A period after the policy is issued, commonly 15 to 30 days, during which sickness-caused disability is not covered — a one-time guard against buying coverage while already getting sick.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A period after the policy is issued, commonly 15 to 30 days, during which sickness-caused disability is not covered — a one-time guard against buying coverage while already getting sick.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
problemEnglish
Something that is hard or not working.
Kindergarten Business & Finance, Lesson 6.1 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 1.2 (grade 3) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 3.2 (grade 3) · +1 more
Something that is hard or not working.
Kindergarten Business & Finance, Lesson 6.1 (grade K) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 1.2 (grade 3) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 3.2 (grade 3) · +1 more
processEnglish
A series of steps that changes something, such as heating and stirring cheese so it keeps longer.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
A series of steps that changes something, such as heating and stirring cheese so it keeps longer.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
process costing and equivalent unitsEnglish
Averaging costs over large numbers of identical units passing through departments; partly finished units are counted as equivalent whole units.
Accounting, Lesson 10.2 (grade 9–12)
Averaging costs over large numbers of identical units passing through departments; partly finished units are counted as equivalent whole units.
Accounting, Lesson 10.2 (grade 9–12)
process mapEnglish
A diagram of every step in making or delivering a product, in order.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
A diagram of every step in making or delivering a product, in order.
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12)
proctorEnglish
The testing-center staff member who checks identification, secures belongings, seats candidates and supervises the exam.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
The testing-center staff member who checks identification, secures belongings, seats candidates and supervises the exam.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
procuring causeEnglish
The broker whose efforts started an uninterrupted chain of events that resulted in the sale; the usual test for who earned a commission in an open listing or a dispute.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
The broker whose efforts started an uninterrupted chain of events that resulted in the sale; the usual test for who earned a commission in an open listing or a dispute.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
producerEnglish
A person or business that makes, grows or does something for others.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Grade 5 Business & Finance, Lesson 1.1 (grade 5) · +3 more
A person or business that makes, grows or does something for others.
Grade 1 Business & Finance, Lesson 1.2 (grade 1) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · Grade 5 Business & Finance, Lesson 1.1 (grade 5) · +3 more
producer and consumerEnglish
A producer makes or grows things. A consumer buys and uses them.
Kindergarten Business & Finance, Lesson 3.4 (grade K)
A producer makes or grows things. A consumer buys and uses them.
Kindergarten Business & Finance, Lesson 3.4 (grade K)
producer annuity trainingEnglish
The common requirement of a one-time annuity course — commonly four hours — plus insurer-provided product-specific training before selling annuities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The common requirement of a one-time annuity course — commonly four hours — plus insurer-provided product-specific training before selling annuities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
product differentiationEnglish
Making a product distinct from rivals in quality, design, location, service or reputation.
Economics & the History of Money, Lesson 3.2 (grade 11–12)
Making a product distinct from rivals in quality, design, location, service or reputation.
Economics & the History of Money, Lesson 3.2 (grade 11–12)
product lineEnglish
A group of related products a company sells at different prices or for different uses.
Grade 8 Business & Finance, Lesson 4.3 (grade 8) · Explore Crafts and Making · Expert, Stop 4.2 (Ages 14+) · Explore Crafts and Making · Ranger, Stop 4.2 (Ages 10–13)
A group of related products a company sells at different prices or for different uses.
Grade 8 Business & Finance, Lesson 4.3 (grade 8) · Explore Crafts and Making · Expert, Stop 4.2 (Ages 14+) · Explore Crafts and Making · Ranger, Stop 4.2 (Ages 10–13)
production possibilities frontier (PPF)English
A graph of the largest combinations of two goods an economy (or a person) can produce with given resources and technology.
Economics & the History of Money, Lesson 1.1 (grade 11–12)
A graph of the largest combinations of two goods an economy (or a person) can produce with given resources and technology.
Economics & the History of Money, Lesson 1.1 (grade 11–12)
productivityEnglish
Output per worker (or per hour of work).
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4) · +3 more
Output per worker (or per hour of work).
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4) · +3 more
products/completed operations hazardEnglish
Liability exposure arising away from the premises from the insured's finished products or completed work — the sold pastry, the finished wiring job.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
Liability exposure arising away from the premises from the insured's finished products or completed work — the sold pastry, the finished wiring job.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
profitEnglish
The money left over when money in is more than money out.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · +3 more
The money left over when money in is more than money out.
Grade 1 Business & Finance, Lesson 7.3 (grade 1) · Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Grade 2 Business & Finance, Lesson 6.4 (grade 2) · +3 more
profit marginEnglish
A profit figure as a percent of sales: gross margin = gross profit ÷ sales; net margin = net income ÷ sales.
Accounting, Lesson 4.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.4 (grade 4) · Grade 5 Business & Finance, Lesson 7.2 (grade 5) · +3 more
A profit figure as a percent of sales: gross margin = gross profit ÷ sales; net margin = net income ÷ sales.
Accounting, Lesson 4.1 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.4 (grade 4) · Grade 5 Business & Finance, Lesson 7.2 (grade 5) · +3 more
profit (net income)English
Revenue minus expenses. If expenses are greater than revenue, the result is a loss.
Grade 5 Business & Finance, Lesson 7.2 (grade 5)
Revenue minus expenses. If expenses are greater than revenue, the result is a loss.
Grade 5 Business & Finance, Lesson 7.2 (grade 5)
profit per itemEnglish
Price minus cost: what the seller earns on each one sold.
Grade 3 Business & Finance, Lesson 6.4 (grade 3) · Grade 4 Business & Finance, Lesson 7.3 (grade 4) · Explore Hospitality and Home · Ranger, Stop 4.4 (Ages 10–13)
Price minus cost: what the seller earns on each one sold.
Grade 3 Business & Finance, Lesson 6.4 (grade 3) · Grade 4 Business & Finance, Lesson 7.3 (grade 4) · Explore Hospitality and Home · Ranger, Stop 4.4 (Ages 10–13)
profit per unitEnglish
The price of one item minus its variable cost.
Grade 5 Business & Finance, Lesson 6.4 (grade 5)
The price of one item minus its variable cost.
Grade 5 Business & Finance, Lesson 6.4 (grade 5)
profit sharingEnglish
Giving workers a share of the profits they help create.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
Giving workers a share of the profits they help create.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
profit splitEnglish
The agreed way of dividing a business’s profit among its owners.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
The agreed way of dividing a business’s profit among its owners.
Grade 7 Business & Finance, Lesson 9.2 (grade 7)
profit-and-loss reportEnglish
A short report that lists revenue and expenses for a period of time and shows the profit or loss.
Grade 3 Business & Finance, Lesson 7.3 (grade 3)
A short report that lists revenue and expenses for a period of time and shows the profit or loss.
Grade 3 Business & Finance, Lesson 7.3 (grade 3)
profit-sharingEnglish
A plan in which workers receive part of a company’s profit in addition to their wages.
Grade 7 Business & Finance, Lesson 5.2 (grade 7)
A plan in which workers receive part of a company’s profit in addition to their wages.
Grade 7 Business & Finance, Lesson 5.2 (grade 7)
progression and regressionEnglish
The rise in value of a lesser property among better ones (progression) and the loss in value of a better property among lesser ones (regression).
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
The rise in value of a lesser property among better ones (progression) and the loss in value of a better property among lesser ones (regression).
Real Estate License Exam Prep: The National Exam, Lesson 4.1 (grade 9–12)
progressive, proportional, regressiveEnglish
Taxes that take a rising, constant or falling share of income as income rises.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
Taxes that take a rising, constant or falling share of income as income rises.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
prohibited transactionEnglish
A deal ERISA forbids between a plan and a party in interest — selling to, buying from, lending to or self-dealing with the plan — regardless of how fair it looks.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
A deal ERISA forbids between a plan and a party in interest — selling to, buying from, lending to or self-dealing with the plan — regardless of how fair it looks.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
projectionEnglish
An estimate of future results based on test results and stated assumptions.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Home Décor, Costume & Upholstery, Lesson 4.2 (grade 9–12) · +2 more
An estimate of future results based on test results and stated assumptions.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.4 (grade 9–12) · Home Décor, Costume & Upholstery, Lesson 4.2 (grade 9–12) · +2 more
PrometricEnglish
The testing company at whose centers FINRA-administered exams, including the Series 65, are delivered by computer.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The testing company at whose centers FINRA-administered exams, including the Series 65, are delivered by computer.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
promiseEnglish
Saying that you will surely do something.
Grade 1 Business & Finance, Lesson 5.2 (grade 1) · Kindergarten Business & Finance, Lesson 5.3 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 4.3 (grade K) · +2 more
Saying that you will surely do something.
Grade 1 Business & Finance, Lesson 5.2 (grade 1) · Kindergarten Business & Finance, Lesson 5.3 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 4.3 (grade K) · +2 more
promissory noteEnglish
A written promise to pay a stated sum (principal) on a stated date, usually with interest.
Accounting, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A written promise to pay a stated sum (principal) on a stated date, usually with interest.
Accounting, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 5.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
promotionEnglish
Communication that informs and persuades: advertising, personal selling, demonstrations, publicity and word of mouth.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.3 (grade 6) · Tactics & Strategy, Lesson 3.1 (grade 4–7)
Communication that informs and persuades: advertising, personal selling, demonstrations, publicity and word of mouth.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.3 (grade 6) · Tactics & Strategy, Lesson 3.1 (grade 4–7)
proof of lossEnglish
The insured must furnish written proof of loss within 90 days, or as soon as reasonably possible — never later than one year, absent legal incapacity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The insured must furnish written proof of loss within 90 days, or as soon as reasonably possible — never later than one year, absent legal incapacity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
proof pointEnglish
A specific fact or result that supports a claim (sales, repeat customers, a test).
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12)
A specific fact or result that supports a claim (sales, repeat customers, a test).
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12)
propertyEnglish
Something that belongs to a person or group, such as land, a house, tools or money.
Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 1.2 (grade 3) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.4 (grade 3)
Something that belongs to a person or group, such as land, a house, tools or money.
Grade 4 Business & Finance, Lesson 5.1 (grade 4) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 1.2 (grade 3) · Grade 3 Earth Science: Rocks, Minerals and Fossils, Lesson 8.4 (grade 3)
property classEnglish
A rating of an individual building by age, condition, finishes and amenities; a Class B house can stand in a Class C area and vice versa.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
A rating of an individual building by age, condition, finishes and amenities; a Class B house can stand in a Class C area and vice versa.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
property damage (PD) liabilityEnglish
Coverage for the insured's legal obligation to pay for damage to others' property — their car, fence or storefront — never the insured's own.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
Coverage for the insured's legal obligation to pay for damage to others' property — their car, fence or storefront — never the insured's own.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
property management feeEnglish
The fee a manager charges to run a rental, commonly a percent of rent collected plus leasing and other fees.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
The fee a manager charges to run a rental, commonly a percent of rent collected plus leasing and other fees.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
property managerEnglish
A person or firm hired by an owner to market, lease, operate and maintain a property and to protect the owner’s investment; commonly a general agent of the owner.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
A person or firm hired by an owner to market, lease, operate and maintain a property and to protect the owner’s investment; commonly a general agent of the owner.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
property, plant and equipmentEnglish
Long-lived tangible assets used in the business: land, buildings, equipment, shown at cost less accumulated depreciation (land is not depreciated).
Accounting, Lesson 4.3 (grade 9–12)
Long-lived tangible assets used in the business: land, buildings, equipment, shown at cost less accumulated depreciation (land is not depreciated).
Accounting, Lesson 4.3 (grade 9–12)
property rightsEnglish
Legal rights to use, keep the fruits of, and sell or give away a thing.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.1 (grade 4)
Legal rights to use, keep the fruits of, and sell or give away a thing.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Grade 4 Business & Finance, Lesson 5.1 (grade 4)
property taxEnglish
A yearly tax on the value of land and buildings, collected mainly by local governments to fund schools and services.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
A yearly tax on the value of land and buildings, collected mainly by local governments to fund schools and services.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
proprietary leaseEnglish
The long-term lease a cooperative corporation gives each shareholder for a particular unit.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
The long-term lease a cooperative corporation gives each shareholder for a particular unit.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
pro-rata (other insurance) clauseEnglish
When more than one policy covers a loss, each insurer pays the proportion its limit bears to the total of all limits.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
When more than one policy covers a loss, each insurer pays the proportion its limit bears to the total of all limits.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
prorated rentEnglish
Rent charged for part of a rental period, usually computed as the daily rent times the number of days occupied.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
Rent charged for part of a rental period, usually computed as the daily rent times the number of days occupied.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
prorationEnglish
The division of an expense or income item between buyer and seller according to the days each is responsible for it.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
The division of an expense or income item between buyer and seller according to the days each is responsible for it.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
prospectEnglish
A person or business that might need your product.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7)
A person or business that might need your product.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 6.3 (grade 7)
prospectingEnglish
The ongoing work of finding people who may need what an agent sells — by referral, community presence, niche knowledge or permitted contact.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Explore Dinosaurs · Ranger, Stop 2.7 (Ages 10–13)
The ongoing work of finding people who may need what an agent sells — by referral, community presence, niche knowledge or permitted contact.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12) · Explore Dinosaurs · Ranger, Stop 2.7 (Ages 10–13)
prospectusEnglish
A document a company must give investors when it sells new stock, describing its business, finances and risks.
Grade 8 Business & Finance, Lesson 5.3 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 1.1 (grade 12) · +1 more
A document a company must give investors when it sells new stock, describing its business, finances and risks.
Grade 8 Business & Finance, Lesson 5.3 (grade 8) · Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 1.1 (grade 12) · +1 more
protected classEnglish
A group the law shields from housing discrimination; the federal Fair Housing Act names seven.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
A group the law shields from housing discrimination; the federal Fair Housing Act names seven.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
protection and indemnity (P&I)English
The liability coverage of ocean marine insurance — the shipowner's legal liability for injury to crew and others and damage to cargo, piers and other property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
The liability coverage of ocean marine insurance — the shipowner's legal liability for injury to crew and others and damage to cargo, piers and other property.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.4 (grade 9–12)
protection (carryover) clauseEnglish
A listing clause entitling the broker to a commission if, within a stated period after expiration, the property is sold to a buyer the broker introduced during the term, unless it is relisted with another broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A listing clause entitling the broker to a commission if, within a stated period after expiration, the property is sold to a buyer the broker introduced during the term, unless it is relisted with another broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
protection of propertyEnglish
The insured's duty to protect damaged property from further damage, making reasonable and necessary repairs, which the policy reimburses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
The insured's duty to protect damaged property from further damage, making reasonable and necessary repairs, which the policy reimburses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
protective putEnglish
Buying a put against stock you own, setting a floor under your sale price — insurance, with the premium as the insurance cost.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Buying a put against stock you own, setting a floor under your sale price — insurance, with the premium as the insurance cost.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
proximate causeEnglish
An unbroken chain of events between the breach and the injury, without which the injury would not have occurred — the third element of negligence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
An unbroken chain of events between the breach and the injury, without which the injury would not have occurred — the third element of negligence.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
proxy statementEnglish
The document sent to shareholders before a vote, describing the matters to be decided, the board candidates and executive compensation.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
The document sent to shareholders before a vote, describing the matters to be decided, the board candidates and executive compensation.
Investment Adviser Exam Prep: Series 65, Lesson 3.1 (grade 9–12)
prudent expert standardEnglish
ERISA’s care standard: the skill and diligence of a prudent person familiar with such matters — an expert’s prudence, stricter than the ordinary prudent man.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
ERISA’s care standard: the skill and diligence of a prudent person familiar with such matters — an expert’s prudence, stricter than the ordinary prudent man.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
prudent investor ruleEnglish
The modern standard for trustees: manage the portfolio as a whole, as a prudent investor would, considering the purposes and terms of the trust.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
The modern standard for trustees: manage the portfolio as a whole, as a prudent investor would, considering the purposes and terms of the trust.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
public accountingEnglish
Accounting firms that serve clients: audit and assurance, tax preparation and planning, and advisory services.
Accounting, Lesson 9.5 (grade 9–12)
Accounting firms that serve clients: audit and assurance, tax preparation and planning, and advisory services.
Accounting, Lesson 9.5 (grade 9–12)
public adjusterEnglish
A licensed adjuster hired by the insured, commonly for a percentage of the settlement — the only adjuster who represents the policyholder.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
A licensed adjuster hired by the insured, commonly for a percentage of the settlement — the only adjuster who represents the policyholder.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
public choiceEnglish
The study of government decisions using economic tools, treating officials and voters as people who respond to incentives.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
The study of government decisions using economic tools, treating officials and voters as people who respond to incentives.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
public creditEnglish
A government’s reputation for paying what it owes, which sets how easily and cheaply it can borrow.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
A government’s reputation for paying what it owes, which sets how easily and cheaply it can borrow.
Economics & the History of Money, Lesson 11.1 (grade 11–12)
public goodEnglish
A good that is non-excludable (people cannot easily be kept from using it) and non-rival (one person’s use does not reduce another’s).
Economics & the History of Money, Lesson 8.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.4 (grade 5) · Grade 7 Business & Finance, Lesson 3.2 (grade 7) · +1 more
A good that is non-excludable (people cannot easily be kept from using it) and non-rival (one person’s use does not reduce another’s).
Economics & the History of Money, Lesson 8.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 3.4 (grade 5) · Grade 7 Business & Finance, Lesson 3.2 (grade 7) · +1 more
public interestEnglish
The accountant’s duty to the many people who rely on financial information (investors, lenders, workers, the public), not only to the client who pays.
Accounting, Lesson 5.5 (grade 9–12)
The accountant’s duty to the many people who rely on financial information (investors, lenders, workers, the public), not only to the client who pays.
Accounting, Lesson 5.5 (grade 9–12)
public notice (legal notice)English
A notice a government or court must publish, often in a qualified local newspaper, under state law.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
A notice a government or court must publish, often in a qualified local newspaper, under state law.
Seven Small Businesses, Lesson 1.8 (grade 9–12)
public offering price (POP)English
What a buyer pays for a fund share: NAV plus any sales charge; for a no-load fund, POP equals NAV.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
What a buyer pays for a fund share: NAV plus any sales charge; for a no-load fund, POP equals NAV.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
public useEnglish
A purpose that serves the public — roads, schools, utilities, public buildings — required before eminent domain may be used.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
A purpose that serves the public — roads, schools, utilities, public buildings — required before eminent domain may be used.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
public utilityEnglish
A business that provides an essential service such as water, electricity or gas, usually as a regulated monopoly or a government department.
Grade 6 Business & Finance, Lesson 3.4 (grade 6) · Grade 7 Business & Finance, Lesson 3.3 (grade 7)
A business that provides an essential service such as water, electricity or gas, usually as a regulated monopoly or a government department.
Grade 6 Business & Finance, Lesson 3.4 (grade 6) · Grade 7 Business & Finance, Lesson 3.3 (grade 7)
pufferyEnglish
Vague, exaggerated praise that no reasonable person takes as a factual claim (“the best coffee in town”).
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 1.3 (grade 11)
Vague, exaggerated praise that no reasonable person takes as a factual claim (“the best coffee in town”).
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 1.3 (grade 11)
puffingEnglish
Exaggerated opinion or sales talk, such as “a gorgeous view,” that a reasonable buyer would not take as a statement of fact; generally not actionable.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
Exaggerated opinion or sales talk, such as “a gorgeous view,” that a reasonable buyer would not take as a statement of fact; generally not actionable.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
punch listEnglish
The final list of small items to fix or finish before the owner accepts the work and makes the last payment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
The final list of small items to fix or finish before the owner accepts the work and makes the last payment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
punitive damagesEnglish
Damages awarded to punish outrageous conduct rather than to compensate the victim; many states forbid insuring them as against public policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
Damages awarded to punish outrageous conduct rather than to compensate the victim; many states forbid insuring them as against public policy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
pur autre vieEnglish
“For the life of another” — a life estate measured by the life of someone other than the life tenant.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
“For the life of another” — a life estate measured by the life of someone other than the life tenant.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
purchase agreementEnglish
The bilateral, executory contract in which a buyer agrees to buy and a seller agrees to sell real property on stated terms; also called a sales contract, contract of sale, offer to purchase or earnest money agreement.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The bilateral, executory contract in which a buyer agrees to buy and a seller agrees to sell real property on stated terms; also called a sales contract, contract of sale, offer to purchase or earnest money agreement.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
purchase-money mortgageEnglish
A loan used to buy the property it secures, most often a loan the seller “carries back” as part of the price.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A loan used to buy the property it secures, most often a loan the seller “carries back” as part of the price.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
purchasing powerEnglish
The quantity of goods and services a unit of money will buy.
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
The quantity of goods and services a unit of money will buy.
Economics & the History of Money, Lesson 4.3 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.4 (grade 6) · Grade 8 Business & Finance, Lesson 2.4 (grade 8)
purchasing power parity (PPP)English
The exchange rate at which a currency would buy the same basket of goods in two countries.
Economics & the History of Money, Lesson 10.2 (grade 11–12)
The exchange rate at which a currency would buy the same basket of goods in two countries.
Economics & the History of Money, Lesson 10.2 (grade 11–12)
purchasing power riskEnglish
The risk that inflation erodes the real value of an investment’s payments; it falls hardest on fixed-income securities.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
The risk that inflation erodes the real value of an investment’s payments; it falls hardest on fixed-income securities.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
pureEnglish
Not mixed with anything cheaper or worse.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 3 Business & Finance, Lesson 4.4 (grade 3)
Not mixed with anything cheaper or worse.
Grade 1 Business & Finance, Lesson 6.3 (grade 1) · Grade 3 Business & Finance, Lesson 4.4 (grade 3)
pure premiumEnglish
The share of the premium that funds expected losses alone, before the insurer’s expenses and profit are loaded on.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
The share of the premium that funds expected losses alone, before the insurer’s expenses and profit are loaded on.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
pure riskEnglish
A risk with only two outcomes — loss or no loss, with no chance of gain — the only kind of risk insurance covers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
A risk with only two outcomes — loss or no loss, with no chance of gain — the only kind of risk insurance covers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
put featureEnglish
The holder’s right to sell the bond back to the issuer at a stated price — valuable when rates rise.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
The holder’s right to sell the bond back to the issuer at a stated price — valuable when rates rise.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
put optionEnglish
A contract giving its buyer the right to sell 100 shares at the strike price before expiration; the writer is obligated to buy if the put is exercised.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
A contract giving its buyer the right to sell 100 shares at the strike price before expiration; the writer is obligated to buy if the put is exercised.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
pyramid schemeEnglish
An operation that charges people to join and pays participants primarily for recruiting more participants rather than for selling a real product to real customers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12)
An operation that charges people to join and pays participants primarily for recruiting more participants rather than for selling a real product to real customers.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Personal Finance & Investing, Lesson 8.4 (grade 9–12)
Q
QDROEnglish
A qualified domestic relations order: the court order that divides a qualified retirement plan at divorce, letting the alternate payee receive a share without the 10% early-distribution penalty.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A qualified domestic relations order: the court order that divides a qualified retirement plan at divorce, letting the alternate payee receive a share without the 10% early-distribution penalty.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
QuakerEnglish
A member of the Society of Friends, a Christian group known for plain living, honesty and fair dealing.
Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Explore Horses and Ponies · Expert, Stop 4.1 (Ages 14+) · Explore Horses and Ponies · Ranger, Stop 4.1 (Ages 10–13) · +1 more
A member of the Society of Friends, a Christian group known for plain living, honesty and fair dealing.
Grade 3 Business & Finance, Lesson 4.4 (grade 3) · Explore Horses and Ponies · Expert, Stop 4.1 (Ages 14+) · Explore Horses and Ponies · Ranger, Stop 4.1 (Ages 10–13) · +1 more
QuakersEnglish
A Christian group, also called the Society of Friends, known for plain living, honesty in trade and work for reform.
Grade 6 Business & Finance, Lesson 4.3 (grade 6)
A Christian group, also called the Society of Friends, known for plain living, honesty in trade and work for reform.
Grade 6 Business & Finance, Lesson 4.3 (grade 6)
qualified clientEnglish
A client wealthy enough to be charged a performance fee under the rule’s thresholds of assets managed with the adviser or net worth, figures set and adjusted by rule.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
A client wealthy enough to be charged a performance fee under the rule’s thresholds of assets managed with the adviser or net worth, figures set and adjusted by rule.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
qualified custodianEnglish
A bank, registered broker-dealer or similar institution that holds client assets in separate, identifiable accounts.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
A bank, registered broker-dealer or similar institution that holds client assets in separate, identifiable accounts.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
qualified dividendEnglish
A dividend that meets holding-period rules and is taxed at the favorable long-term capital gains rates instead of ordinary rates.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
A dividend that meets holding-period rules and is taxed at the favorable long-term capital gains rates instead of ordinary rates.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
qualified intermediary (QI)English
A person who is not the taxpayer’s agent or relative, who under a written exchange agreement holds the sale proceeds and acquires and transfers the properties so the taxpayer never actually or constructively receives the money.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
A person who is not the taxpayer’s agent or relative, who under a written exchange agreement holds the sale proceeds and acquires and transfers the properties so the taxpayer never actually or constructively receives the money.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
qualifierEnglish
A word in a question stem — EXCEPT, NOT, BEST, MOST, FIRST — that changes what the question is asking.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
A word in a question stem — EXCEPT, NOT, BEST, MOST, FIRST — that changes what the question is asking.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
qualifying eventEnglish
An event that triggers COBRA rights: termination (except gross misconduct) or reduced hours (18 months); the employee's death, divorce, Medicare entitlement, or a dependent child aging out (36 months for dependents).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
An event that triggers COBRA rights: termination (except gross misconduct) or reduced hours (18 months); the employee's death, divorce, Medicare entitlement, or a dependent child aging out (36 months for dependents).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.5 (grade 9–12)
qualityEnglish
How good something is: well made, fresh and neat.
Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 2 Business & Finance, Lesson 9.2 (grade 2) · +3 more
How good something is: well made, fresh and neat.
Grade 1 Business & Finance, Lesson 9.2 (grade 1) · Grade 2 Business & Finance, Lesson 3.2 (grade 2) · Grade 2 Business & Finance, Lesson 9.2 (grade 2) · +3 more
quality standardEnglish
A clear description of what every finished product must be like before it may be sold.
Grade 5 Business & Finance, Lesson 9.2 (grade 5)
A clear description of what every finished product must be like before it may be sold.
Grade 5 Business & Finance, Lesson 9.2 (grade 5)
quantified valueEnglish
The value proposition stated in numbers: time or money saved, output gained, risk reduced.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
The value proposition stated in numbers: time or money saved, output gained, risk reduced.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12)
quantity demandedEnglish
The amount buyers will purchase at one particular price.
Economics & the History of Money, Lesson 2.1 (grade 11–12)
The amount buyers will purchase at one particular price.
Economics & the History of Money, Lesson 2.1 (grade 11–12)
quantity equationEnglish
MV = PY: money times velocity equals the price level times real output.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
MV = PY: money times velocity equals the price level times real output.
Economics & the History of Money, Lesson 4.5 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 4.2 (grade 9–12)
quantity suppliedEnglish
The amount sellers will offer at one particular price.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
The amount sellers will offer at one particular price.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
quantity survey methodEnglish
The most detailed cost method, pricing every quantity of material and hour of labor plus overhead and profit, as a contractor bids a job.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
The most detailed cost method, pricing every quantity of material and hour of labor plus overhead and profit, as a contractor bids a job.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
quarterEnglish
A large silver-colored coin with a bumpy edge, worth 25 cents.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
A large silver-colored coin with a bumpy edge, worth 25 cents.
Kindergarten Business & Finance, Lesson 2.4 (grade K)
quick (acid-test) ratioEnglish
(Cash + short-term investments + receivables) ÷ current liabilities: liquidity without counting inventory and prepaid items.
Accounting, Lesson 9.1 (grade 9–12)
(Cash + short-term investments + receivables) ÷ current liabilities: liquidity without counting inventory and prepaid items.
Accounting, Lesson 9.1 (grade 9–12)
quick ratio (acid test)English
Current assets excluding inventory, divided by current liabilities; liquidity measured without counting goods that still must be sold.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Current assets excluding inventory, divided by current liabilities; liquidity measured without counting goods that still must be sold.
Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
quitclaim deedEnglish
A deed that conveys whatever interest the grantor has, if any, with no warranties; commonly used to clear clouds on title.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
A deed that conveys whatever interest the grantor has, if any, with no warranties; commonly used to clear clouds on title.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
quotaEnglish
A sales target for a salesperson or territory over a period.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 3.4 (grade 7) · Grade 8 Business & Finance, Lesson 3.4 (grade 8) · +2 more
A sales target for a salesperson or territory over a period.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 3.4 (grade 7) · Grade 8 Business & Finance, Lesson 3.4 (grade 8) · +2 more
quoteEnglish
A written or recorded price from a named seller on a date.
Seven Small Businesses, Lesson 1.10 (grade 9–12)
A written or recorded price from a named seller on a date.
Seven Small Businesses, Lesson 1.10 (grade 9–12)
R
r minus gEnglish
The gap between the interest rate on the debt and nominal growth; when r is above g, the ratio creeps up unless the budget is in primary surplus.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
The gap between the interest rate on the debt and nominal growth; when r is above g, the ratio creeps up unless the budget is in primary surplus.
Economics & the History of Money, Lesson 11.2 (grade 11–12)
radonEnglish
A colorless, odorless radioactive gas from the natural decay of uranium in soil and rock that can collect in buildings; the EPA recommends fixing homes at 4 picocuries per liter (pCi/L) or more.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
A colorless, odorless radioactive gas from the natural decay of uranium in soil and rock that can collect in buildings; the EPA recommends fixing homes at 4 picocuries per liter (pCi/L) or more.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
rateEnglish
A percent written as a decimal for calculation — 6% is 0.06 — that links a part to its whole.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 6 Earth Science: The Dynamic Earth, Lesson 2.1 (grade 6) · Explore Dinosaurs, Stop 4.9 (Ages 7–9) · +3 more
A percent written as a decimal for calculation — 6% is 0.06 — that links a part to its whole.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 6 Earth Science: The Dynamic Earth, Lesson 2.1 (grade 6) · Explore Dinosaurs, Stop 4.9 (Ages 7–9) · +3 more
rate baseEnglish
The value of a utility’s plant and equipment on which the commission allows it to earn a fair return.
Grade 6 Business & Finance, Lesson 3.4 (grade 6)
The value of a utility’s plant and equipment on which the commission allows it to earn a fair return.
Grade 6 Business & Finance, Lesson 3.4 (grade 6)
rate caps (initial, periodic, lifetime)English
Limits on how much an ARM’s rate may change at the first adjustment, at each later adjustment, and over the whole life of the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
Limits on how much an ARM’s rate may change at the first adjustment, at each later adjustment, and over the whole life of the loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
rate of returnEnglish
The profit earned each year as a percent of the money invested; regulators often allow a utility a “fair” rate of return.
Grade 7 Business & Finance, Lesson 3.3 (grade 7)
The profit earned each year as a percent of the money invested; regulators often allow a utility a “fair” rate of return.
Grade 7 Business & Finance, Lesson 3.3 (grade 7)
rate regulationEnglish
Government setting of the prices a utility may charge, usually to cover its costs plus a fair return.
Economics & the History of Money, Lesson 3.5 (grade 11–12)
Government setting of the prices a utility may charge, usually to cover its costs plus a fair return.
Economics & the History of Money, Lesson 3.5 (grade 11–12)
rate-and-term refinanceEnglish
A refinance that changes the interest rate or term without taking out more than small closing costs; also called a limited cash-out refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
A refinance that changes the interest rate or term without taking out more than small closing costs; also called a limited cash-out refinance.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
ratificationEnglish
The creation of agency after the fact, when a principal accepts the benefits of or approves acts performed without prior authority.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
The creation of agency after the fact, when a principal accepts the benefits of or approves acts performed without prior authority.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
rationingEnglish
Any way of deciding who gets a scarce good. Prices ration goods; so do lines, rules, drawing lots and favoritism.
Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · Grade 8 Business & Finance, Lesson 5.4 (grade 8) · +1 more
Any way of deciding who gets a scarce good. Prices ration goods; so do lines, rules, drawing lots and favoritism.
Grade 6 Business & Finance, Lesson 3.3 (grade 6) · Grade 7 Business & Finance, Lesson 5.4 (grade 7) · Grade 8 Business & Finance, Lesson 5.4 (grade 8) · +1 more
readily achievableEnglish
ADA standard for removing barriers in existing public accommodations: easily accomplishable without much difficulty or expense.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
ADA standard for removing barriers in existing public accommodations: easily accomplishable without much difficulty or expense.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
readiness mappingEnglish
Translating a practice score into a next step: comfortably above the passing line means schedule, near it means drill the weak topics, below it means reteach before re-testing.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
Translating a practice score into a next step: comfortably above the passing line means schedule, near it means drill the weak topics, below it means reteach before re-testing.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
ready, willing and able buyerEnglish
A buyer prepared to buy on the listing’s terms or terms the seller accepts, with the financial capacity to close; producing one generally earns the commission.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
A buyer prepared to buy on the listing’s terms or terms the seller accepts, with the financial capacity to close; producing one generally earns the commission.
Real Estate License Exam Prep: The National Exam, Lesson 8.3 (grade 9–12)
realEnglish
A Spanish silver coin; eight reales made one piece of eight (the plural is “reales”).
Grade 4 Business & Finance, Lesson 2.2 (grade 4)
A Spanish silver coin; eight reales made one piece of eight (the plural is “reales”).
Grade 4 Business & Finance, Lesson 2.2 (grade 4)
real estateEnglish
Land plus all permanent improvements attached to it by people, such as buildings, fences and driveways.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Land plus all permanent improvements attached to it by people, such as buildings, fences and driveways.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
real estate commission (agency, board)English
The state body that administers the license law: issuing licenses, approving education, making rules, investigating complaints and imposing discipline.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
The state body that administers the license law: issuing licenses, approving education, making rules, investigating complaints and imposing discipline.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
real estate investment trust (REIT)English
A company that owns or finances income-producing real estate and, to qualify for its special tax treatment, distributes most of its taxable income to shareholders.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
A company that owns or finances income-producing real estate and, to qualify for its special tax treatment, distributes most of its taxable income to shareholders.
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
Real Estate Settlement Procedures Act (RESPA)English
The 1974 federal law, implemented by Regulation X, governing settlement of federally related mortgage loans — disclosures, kickbacks, escrow accounts and servicing.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The 1974 federal law, implemented by Regulation X, governing settlement of federally related mortgage loans — disclosures, kickbacks, escrow accounts and servicing.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
real GDPEnglish
GDP measured in the prices of a base year, so that changes reflect quantities, not prices.
Economics & the History of Money, Lesson 9.1 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
GDP measured in the prices of a base year, so that changes reflect quantities, not prices.
Economics & the History of Money, Lesson 9.1 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12)
real interest rateEnglish
The nominal interest rate minus expected inflation: the return in purchasing power.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
The nominal interest rate minus expected inflation: the return in purchasing power.
Economics & the History of Money, Lesson 6.4 (grade 11–12)
real propertyEnglish
Real estate plus the bundle of legal rights that come with owning it; the term the law uses for the interests that pass by deed.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Real estate plus the bundle of legal rights that come with owning it; the term the law uses for the interests that pass by deed.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
real returnEnglish
The return after inflation: approximately the nominal return minus the inflation rate.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
The return after inflation: approximately the nominal return minus the inflation rate.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
real wageEnglish
A wage measured by what it can buy, after adjusting for prices.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.1 (grade 6) · Grade 8 Business & Finance, Lesson 5.1 (grade 8)
A wage measured by what it can buy, after adjusting for prices.
Economics & the History of Money, Lesson 7.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 5.1 (grade 6) · Grade 8 Business & Finance, Lesson 5.1 (grade 8)
realized gainEnglish
The amount by which the amount realized exceeds the adjusted basis of the property sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The amount by which the amount realized exceeds the adjusted basis of the property sold.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
realized vs. unrealizedEnglish
A gain or loss is realized when the asset is actually sold; until then it is unrealized (“paper”) and generally not taxed.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
A gain or loss is realized when the asset is actually sold; until then it is unrealized (“paper”) and generally not taxed.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
reasonable accommodationEnglish
A change or exception to a rule, policy, practice or service that a person with a disability needs for an equal opportunity to use and enjoy a dwelling.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
A change or exception to a rule, policy, practice or service that a person with a disability needs for an equal opportunity to use and enjoy a dwelling.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
reasonable care and skillEnglish
The duty to perform with the competence expected of a licensee, and to refer clients to other experts for matters beyond the agent’s expertise.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
The duty to perform with the competence expected of a licensee, and to refer clients to other experts for matters beyond the agent’s expertise.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
reasonable modificationEnglish
A physical change to a dwelling or common area that a resident with a disability needs for full enjoyment of the premises, made at the resident’s expense in private housing.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
A physical change to a dwelling or common area that a resident with a disability needs for full enjoyment of the premises, made at the resident’s expense in private housing.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
reasonable person standardEnglish
The measuring stick for breach: whether conduct fell below what an ordinarily careful, prudent person would have done in the same situation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
The measuring stick for breach: whether conduct fell below what an ordinarily careful, prudent person would have done in the same situation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
reassessmentEnglish
The county assessor’s revaluation of a property, often triggered or updated by a sale, that changes its property-tax bill.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
The county assessor’s revaluation of a property, often triggered or updated by a sale, that changes its property-tax bill.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
rebalancingEnglish
Restoring a portfolio to its target allocation by selling what has grown overweight and buying what has fallen underweight.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Restoring a portfolio to its target allocation by selling what has grown overweight and buying what has fallen underweight.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
rebateEnglish
Money paid back after a purchase; Standard Oil received secret rebates from railroads that its rivals did not get.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 5 Business & Finance, Lesson 5.4 (grade 5) · Grade 7 Business & Finance, Lesson 4.3 (grade 7) · +1 more
Money paid back after a purchase; Standard Oil received secret rebates from railroads that its rivals did not get.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 5 Business & Finance, Lesson 5.4 (grade 5) · Grade 7 Business & Finance, Lesson 4.3 (grade 7) · +1 more
rebatingEnglish
Giving a buyer anything of value not specified in the policy — a share of the commission, a premium refund, a gift beyond the small promotional items most states allow — as an inducement to buy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Giving a buyer anything of value not specified in the policy — a share of the commission, a premium refund, a gift beyond the small promotional items most states allow — as an inducement to buy.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
recallEnglish
When a company asks customers to return or bring in a product so that a defect can be fixed.
Grade 6 Business & Finance, Lesson 4.4 (grade 6)
When a company asks customers to return or bring in a product so that a defect can be fixed.
Grade 6 Business & Finance, Lesson 4.4 (grade 6)
recastEnglish
A lender’s recalculation of the monthly payment after a large principal prepayment, keeping the rate and term; not all lenders offer it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 5.4 (grade 9)
A lender’s recalculation of the monthly payment after a large principal prepayment, keeping the rate and term; not all lenders offer it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 5.4 (grade 9)
receiptEnglish
A written record of a sale.
Grade 1 Business & Finance, Lesson 9.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.4 (grade 2) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · +3 more
A written record of a sale.
Grade 1 Business & Finance, Lesson 9.3 (grade 1) · Grade 2 Business & Finance, Lesson 7.4 (grade 2) · Grade 3 Business & Finance, Lesson 2.3 (grade 3) · +3 more
recessionEnglish
A significant decline in economic activity spread across the economy, lasting more than a few months.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Personal Finance & Investing, Lesson 8.3 (grade 9–12)
A significant decline in economic activity spread across the economy, lasting more than a few months.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Personal Finance & Investing, Lesson 8.3 (grade 9–12)
reciprocityEnglish
The state-to-state agreement to honor one another’s producer licensing, which makes multi-state careers practical.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
The state-to-state agreement to honor one another’s producer licensing, which makes multi-state careers practical.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
reconciliationEnglish
Checking that the cash on hand matches what the records say it should be, and finding the reason for any difference.
Grade 7 Business & Finance, Lesson 9.3 (grade 7) · Personal Finance & Investing, Lesson 3.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · +3 more
Checking that the cash on hand matches what the records say it should be, and finding the reason for any difference.
Grade 7 Business & Finance, Lesson 9.3 (grade 7) · Personal Finance & Investing, Lesson 3.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12) · +3 more
reconciliation (in sales comparison)English
Weighing the adjusted comparable prices — giving most weight to the most similar comparable, usually the one needing the fewest and smallest adjustments — to reach one indicated value.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
Weighing the adjusted comparable prices — giving most weight to the most similar comparable, usually the one needing the fewest and smallest adjustments — to reach one indicated value.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12)
reconciliation (of approaches)English
The appraiser’s weighing of the value indications from the sales comparison, cost and income approaches, giving most weight to the approach most applicable to the property.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
The appraiser’s weighing of the value indications from the sales comparison, cost and income approaches, giving most weight to the approach most applicable to the property.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
reconsideration of valueEnglish
A formal request, made through the lender, that an appraiser review additional comparable sales or factual errors in an appraisal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
A formal request, made through the lender, that an appraiser review additional comparable sales or factual errors in an appraisal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12)
recordEnglish
Something written down so it can be remembered and checked later.
Grade 1 Business & Finance, Lesson 7.4 (grade 1) · Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Kindergarten Business & Finance, Lesson 7.3 (grade K) · +3 more
Something written down so it can be remembered and checked later.
Grade 1 Business & Finance, Lesson 7.4 (grade 1) · Grade 3 Business & Finance, Lesson 7.1 (grade 3) · Kindergarten Business & Finance, Lesson 7.3 (grade K) · +3 more
record keepingEnglish
Keeping receipts, sales records and books that show income and expenses accurately.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
Keeping receipts, sales records and books that show income and expenses accurately.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12)
recordingEnglish
Entering a document affecting title in the public records of the county where the land lies, which gives constructive notice of it to the world.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
Entering a document affecting title in the public records of the county where the land lies, which gives constructive notice of it to the world.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
recording acts (race, notice, race-notice)English
State statutes deciding priority between competing grantees: under race, first to record wins; under notice, a later buyer without notice wins; under race-notice, a later buyer wins only if without notice and first to record.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
State statutes deciding priority between competing grantees: under race, first to record wins; under notice, a later buyer without notice wins; under race-notice, a later buyer wins only if without notice and first to record.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
recourseEnglish
A loan term making the borrower personally liable for any shortfall after foreclosure; a non-recourse loan limits the lender, with exceptions, to the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
A loan term making the borrower personally liable for any shortfall after foreclosure; a non-recourse loan limits the lender, with exceptions, to the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
recourse loanEnglish
A loan on which the borrower is personally liable beyond the property, so the lender can pursue other assets after a default.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
A loan on which the borrower is personally liable beyond the property, so the lender can pursue other assets after a default.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
recovery (guaranty) fundEnglish
A state fund, maintained in some states, that compensates consumers who win uncollectible judgments against licensees for certain misconduct.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
A state fund, maintained in some states, that compensates consumers who win uncollectible judgments against licensees for certain misconduct.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
recovery periodEnglish
The number of years over which the basis of property is depreciated; 27.5 years for residential rental buildings and 39 years for nonresidential real property under the general system.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
The number of years over which the basis of property is depreciated; 27.5 years for residential rental buildings and 39 years for nonresidential real property under the general system.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
rectangular survey systemEnglish
The method of legal description, also called the government survey system or Public Land Survey System, that divides land into townships and sections measured from principal meridians and base lines.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
The method of legal description, also called the government survey system or Public Land Survey System, that divides land into townships and sections measured from principal meridians and base lines.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
recurrent disabilityEnglish
A provision treating a disability that returns within a stated time, commonly six months, as a continuation of the first claim — with no new elimination period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A provision treating a disability that returns within a stated time, commonly six months, as a continuation of the first claim — with no new elimination period.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
recurring revenueEnglish
Money that comes in again and again from the same customers.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
Money that comes in again and again from the same customers.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12)
red flagEnglish
A warning sign that calls for closer examination, such as profits without cash, secrecy about books, or transactions with related companies.
Accounting, Lesson 5.4 (grade 9–12)
A warning sign that calls for closer examination, such as profits without cash, secrecy about books, or transactions with related companies.
Accounting, Lesson 5.4 (grade 9–12)
redemptionEnglish
The owner’s right to recover property after a tax sale by paying the delinquent taxes, interest and costs within the period state law allows.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The owner’s right to recover property after a tax sale by paying the delinquent taxes, interest and costs within the period state law allows.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
redliningEnglish
Refusing to make loans or provide insurance, or offering worse terms, in an area because of the protected-class makeup of its residents.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
Refusing to make loans or provide insurance, or offering worse terms, in an area because of the protected-class makeup of its residents.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12)
reduced exclusionEnglish
A partial Section 121 exclusion available to some sellers who fail the two-year tests because of a change in place of employment, health or certain unforeseen circumstances.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
A partial Section 121 exclusion available to some sellers who fail the two-year tests because of a change in place of employment, health or certain unforeseen circumstances.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
reduced paid-up insuranceEnglish
Using the cash value as a single premium to buy a smaller, fully paid policy of the same kind, with no further premiums due.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
Using the cash value as a single premium to buy a smaller, fully paid policy of the same kind, with no further premiums due.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
reentry (requalification)English
A term pricing design letting the insured prove good health at renewal to earn a lower select rate instead of the guaranteed higher one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
A term pricing design letting the insured prove good health at renewal to earn a lower select rate instead of the guaranteed higher one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
referralEnglish
An introduction a satisfied client makes to someone who may need the agent's help — earned by service and asked for plainly, never bought with anything of value that rebating rules forbid.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
An introduction a satisfied client makes to someone who may need the agent's help — earned by service and asked for plainly, never bought with anything of value that rebating rules forbid.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
refinanceEnglish
Replacing an existing loan with a new loan on the same property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
Replacing an existing loan with a new loan on the same property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
refineryEnglish
A factory that turns crude oil into useful products such as kerosene and gasoline.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 7 Business & Finance, Lesson 4.3 (grade 7)
A factory that turns crude oil into useful products such as kerosene and gasoline.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 7 Business & Finance, Lesson 4.3 (grade 7)
reformEnglish
A change that makes something better or fairer.
Grade 3 Business & Finance, Lesson 5.2 (grade 3)
A change that makes something better or fairer.
Grade 3 Business & Finance, Lesson 5.2 (grade 3)
reformerEnglish
A person who works to correct a wrong in society, usually by persuading people and changing laws.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
A person who works to correct a wrong in society, usually by persuading people and changing laws.
Grade 5 Business & Finance, Lesson 5.2 (grade 5)
refundEnglish
Money given back to a customer who returns something.
Grade 4 Business & Finance, Lesson 6.2 (grade 4)
Money given back to a customer who returns something.
Grade 4 Business & Finance, Lesson 6.2 (grade 4)
registration by coordinationEnglish
State registration filed alongside a federal 1933 Act registration; it becomes effective at the same moment as the federal registration if the state filing has been on file the required period (10 days in the convention) with pricing on file two business days.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
State registration filed alongside a federal 1933 Act registration; it becomes effective at the same moment as the federal registration if the state filing has been on file the required period (10 days in the convention) with pricing on file two business days.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
registration by qualificationEnglish
The full state registration, used for purely intrastate offerings and anything else; effective only when the Administrator so orders.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
The full state registration, used for purely intrastate offerings and anything else; effective only when the Administrator so orders.
Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
registration statementEnglish
The disclosure document an issuer files with the SEC before offering new securities to the public.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
The disclosure document an issuer files with the SEC before offering new securities to the public.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
regulateEnglish
To set rules for a business, such as limits on what it may charge.
Grade 3 Business & Finance, Lesson 3.3 (grade 3)
To set rules for a business, such as limits on what it may charge.
Grade 3 Business & Finance, Lesson 3.3 (grade 3)
regulationEnglish
A rule made under a law, usually enforced by inspectors.
Grade 5 Business & Finance, Lesson 5.3 (grade 5)
A rule made under a law, usually enforced by inspectors.
Grade 5 Business & Finance, Lesson 5.3 (grade 5)
Regulation DEnglish
A set of SEC rules providing exemptions from registration for certain private offerings, commonly used by real estate syndications, with limits on who may invest and how offerings are made.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
A set of SEC rules providing exemptions from registration for certain private offerings, commonly used by real estate syndications, with limits on who may invest and how offerings are made.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
Regulation S-PEnglish
The SEC’s privacy rule: initial and annual privacy notices, the right to opt out of information sharing with nonaffiliated third parties, and safeguards for customer records.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The SEC’s privacy rule: initial and annual privacy notices, the right to opt out of information sharing with nonaffiliated third parties, and safeguards for customer records.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
Regulation TEnglish
The Federal Reserve rule governing broker-dealer credit, setting the initial margin deposit — 50% of a stock purchase in this lesson’s examples.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
The Federal Reserve rule governing broker-dealer credit, setting the initial margin deposit — 50% of a stock purchase in this lesson’s examples.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
Regulation ZEnglish
The regulation implementing the Truth in Lending Act, written by the Federal Reserve and, since 2011, administered by the CFPB.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The regulation implementing the Truth in Lending Act, written by the Federal Reserve and, since 2011, administered by the CFPB.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
regulatory captureEnglish
When a regulatory agency comes to serve the interests of the industry it regulates rather than the public.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
When a regulatory agency comes to serve the interests of the industry it regulates rather than the public.
Economics & the History of Money, Lesson 8.5 (grade 11–12)
rehab budgetEnglish
The line-by-line estimate of labor and materials needed to bring a property to its planned finished condition.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
The line-by-line estimate of labor and materials needed to bring a property to its planned finished condition.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
reinstatementEnglish
Restoring a lapsed policy; if the insurer requires an application and issues no notice, reinstatement is automatic after 45 days — accidents are covered at once, sickness only after 10 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
Restoring a lapsed policy; if the insurer requires an application and issues no notice, reinstatement is automatic after 45 days — accidents are covered at once, sickness only after 10 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
reinstatement provisionEnglish
The owner’s right — commonly within 3 years of lapse — to revive a lapsed policy by proving insurability and paying back premiums with interest.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
The owner’s right — commonly within 3 years of lapse — to revive a lapsed policy by proving insurability and paying back premiums with interest.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
reinvestmentEnglish
Putting profits back into the business instead of paying them out.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12)
Putting profits back into the business instead of paying them out.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12)
relationship bankingEnglish
Borrowing from a lender, often a local bank or credit union, that knows the borrower’s history, deposits and character.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
Borrowing from a lender, often a local bank or credit union, that knows the borrower’s history, deposits and character.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.3 (grade 9–12)
relay systemEnglish
A trick some mill owners used to get around the law by sending workers in and out at different times, which made hours hard to check.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
A trick some mill owners used to get around the law by sending workers in and out at different times, which made hours hard to check.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
relay tradeEnglish
Trade in which goods pass from merchant to merchant along a route, each one carrying them part of the way.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.1 (grade 9–12)
Trade in which goods pass from merchant to merchant along a route, each one carrying them part of the way.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.1 (grade 9–12)
relictionEnglish
The gradual increase of land when water permanently recedes and exposes land that was underwater; also called dereliction.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The gradual increase of land when water permanently recedes and exposes land that was underwater; also called dereliction.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
relinquished propertyEnglish
The property given up in an exchange.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
The property given up in an exchange.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
renewabilityEnglish
The policy's rules about whether and on what terms the insurer must continue coverage — the ladder from cancellable up to noncancellable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The policy's rules about whether and on what terms the insurer must continue coverage — the ladder from cancellable up to noncancellable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
renewableEnglish
A term feature guaranteeing the right to renew at the end of the period without new evidence of insurability, with the premium based on attained age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
A term feature guaranteeing the right to renew at the end of the period without new evidence of insurability, with the premium based on attained age.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12)
renewal bookEnglish
The accumulated in-force premium paying the agent renewal commissions every year — the asset that makes year ten of this career different from year one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The accumulated in-force premium paying the agent renewal commissions every year — the asset that makes year ten of this career different from year one.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
renewal clauseEnglish
A term giving a party the right to extend an agreement, such as a lease, for another period.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12)
A term giving a party the right to extend an agreement, such as a lease, for another period.
Entrepreneurship & Sales, Lesson 9.1 (grade 9–12)
renewal commissionEnglish
The much smaller percentage — commonly low single digits — paid on premiums in later policy years, often through year ten on life business.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The much smaller percentage — commonly low single digits — paid on premiums in later policy years, often through year ten on life business.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
renewal feeEnglish
A fee some managers charge when an existing tenant signs a lease renewal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
A fee some managers charge when an existing tenant signs a lease renewal.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
rent adjustmentEnglish
A dollar change to a comparable’s rent for a feature it has or lacks compared with the subject: comp better, subtract; comp worse, add.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
A dollar change to a comparable’s rent for a feature it has or lacks compared with the subject: comp better, subtract; comp worse, add.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
rent comparable (rent comp)English
A similar rental property nearby, recently leased or listed, used to estimate what a subject property will rent for.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
A similar rental property nearby, recently leased or listed, used to estimate what a subject property will rent for.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
rent ledgerEnglish
A running record of every charge and payment for a tenancy, showing the balance owed at any time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
A running record of every charge and payment for a tenancy, showing the balance owed at any time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
rent rollEnglish
A list of a property’s units with each tenant’s rent, deposit, lease dates and payment status.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
A list of a property’s units with each tenant’s rent, deposit, lease dates and payment status.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
rent stabilization (annual increase limit)English
A statewide or local limit on how much rent may be raised in a period, often a fixed percent plus inflation with a cap.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
A statewide or local limit on how much rent may be raised in a period, often a fixed percent plus inflation with a cap.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
rental debt snowballEnglish
Paying off rental mortgages one at a time, smallest or highest-rate first, adding each paid-off property’s freed cash flow to the next payoff.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
Paying off rental mortgages one at a time, smallest or highest-rate first, adding each paid-off property’s freed cash flow to the next payoff.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
rental-grade finishEnglish
Durable, easily replaced, moderately priced materials chosen to withstand tenants and keep turnover costs low.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
Durable, easily replaced, moderately priced materials chosen to withstand tenants and keep turnover costs low.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
rent-by-the-roomEnglish
Renting individual bedrooms in one dwelling to separate tenants under separate agreements, with shared kitchen, bath or living areas.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
Renting individual bedrooms in one dwelling to separate tenants under separate agreements, with shared kitchen, bath or living areas.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
renter’s insuranceEnglish
A policy for tenants covering their belongings, liability and extra living expenses; the landlord insures the building.
Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12) · +1 more
A policy for tenants covering their belongings, liability and extra living expenses; the landlord insures the building.
Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Personal Finance & Investing, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12) · +1 more
rent-increase noticeEnglish
The written advance notice a landlord must give before rent rises; the period and any limits are set by state law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
The written advance notice a landlord must give before rent rises; the period and any limits are set by state law.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
rent-to-income ratioEnglish
Monthly rent divided by monthly gross income; many landlords and planners use about 30% as a ceiling.
Personal Finance & Investing, Lesson 9.2 (grade 9–12)
Monthly rent divided by monthly gross income; many landlords and planners use about 30% as a ceiling.
Personal Finance & Investing, Lesson 9.2 (grade 9–12)
rent-to-price ratioEnglish
Monthly rent divided by price, stated as a percent; the measure behind the 1% rule screen.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
Monthly rent divided by price, stated as a percent; the measure behind the 1% rule screen.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
REO (real estate owned)English
A property taken back by a lender through foreclosure and held for sale, usually sold as is.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
A property taken back by a lender through foreclosure and held for sale, usually sold as is.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
reorder pointEnglish
The inventory level at which you place a new order.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4)
The inventory level at which you place a new order.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4)
reorganizationEnglish
Restructuring debts under court supervision so a business can keep operating (Chapter 11 for businesses).
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
Restructuring debts under court supervision so a business can keep operating (Chapter 11 for businesses).
Entrepreneurship & Sales, Lesson 9.5 (grade 9–12)
repairEnglish
Work that keeps property in its ordinary, efficient operating condition without adding value or extending its life significantly, such as fixing a leak.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
Work that keeps property in its ordinary, efficient operating condition without adding value or extending its life significantly, such as fixing a leak.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
repair authorization limitEnglish
The dollar amount above which a manager must get the owner’s approval before ordering a repair, except in emergencies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
The dollar amount above which a manager must get the owner’s approval before ordering a repair, except in emergencies.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
repairs and maintenanceEnglish
Routine fixes and upkeep that keep a property in working order without replacing a major component.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
Routine fixes and upkeep that keep a property in working order without replacing a major component.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
repeat customerEnglish
A customer who buys again; repeat customers are usually far cheaper to keep than new ones are to find.
Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 9.3 (grade 5)
A customer who buys again; repeat customers are usually far cheaper to keep than new ones are to find.
Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 5 Business & Finance, Lesson 9.3 (grade 5)
replacementEnglish
Any transaction in which a new life policy or annuity is purchased and an existing one is or will be lapsed, surrendered, reduced or borrowed against — lawful, but regulated.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Any transaction in which a new life policy or annuity is purchased and an existing one is or will be lapsed, surrendered, reduced or borrowed against — lawful, but regulated.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
replacement costEnglish
The cost to repair or replace damaged property with new materials of like kind and quality, with no deduction for depreciation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12) · +1 more
The cost to repair or replace damaged property with new materials of like kind and quality, with no deduction for depreciation.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.1 (grade 9–12) · Personal Finance & Investing, Lesson 5.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12) · +1 more
replacement dutiesEnglish
The notice, comparison and free-look requirements when a recommendation would replace existing coverage — suitability's hardest test, since replacement costs must be justified.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The notice, comparison and free-look requirements when a recommendation would replace existing coverage — suitability's hardest test, since replacement costs must be justified.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
replacement levelEnglish
The fertility rate at which each generation exactly replaces the one before; about 2.1 children per woman where child deaths are few.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
The fertility rate at which each generation exactly replaces the one before; about 2.1 children per woman where child deaths are few.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
replacement propertyEnglish
The like-kind property received in an exchange.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
The like-kind property received in an exchange.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12)
replacement-cost endorsement on contentsEnglish
An endorsement changing personal-property settlement from actual cash value to replacement cost for a higher premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
An endorsement changing personal-property settlement from actual cash value to replacement cost for a higher premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
reportEnglish
A short page that tells what happened and what the numbers show.
Grade 2 Business & Finance, Lesson 9.4 (grade 2) · Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 6.2 (grade 9) · +2 more
A short page that tells what happened and what the numbers show.
Grade 2 Business & Finance, Lesson 9.4 (grade 2) · Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 6.2 (grade 9) · +2 more
reporting subsetEnglish
The group of units whose expense data the franchisor reports, smaller than all units.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
The group of units whose expense data the franchisor reports, smaller than all units.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
representationEnglish
A statement by the applicant believed to be true, used to induce the insurer to issue the policy; it need only be substantially true.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
A statement by the applicant believed to be true, used to induce the insurer to issue the policy; it need only be substantially true.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
reproduction costEnglish
The cost to build an exact replica of the improvements, with the same materials, design and quality, at today’s prices.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
The cost to build an exact replica of the improvements, with the same materials, design and quality, at today’s prices.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
repurchase agreement (repo)English
A dealer’s sale of securities with a promise to buy them back at a slightly higher price, usually overnight — in effect a collateralized loan.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A dealer’s sale of securities with a promise to buy them back at a slightly higher price, usually overnight — in effect a collateralized loan.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
reputationEnglish
What customers, workers and lenders believe about a person or business, based on past conduct.
Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 3 Business & Finance, Lesson 6.3 (grade 3)
What customers, workers and lenders believe about a person or business, based on past conduct.
Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · Grade 3 Business & Finance, Lesson 6.3 (grade 3)
required minimum distribution (RMD)English
The amount tax law forces out of traditional IRAs and most employer plans each year once the owner reaches the trigger age in the early seventies (73 as of 2026; check irs.gov).
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
The amount tax law forces out of traditional IRAs and most employer plans each year once the owner reaches the trigger age in the early seventies (73 as of 2026; check irs.gov).
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
required rate of return (r)English
The annual return an investor demands for holding a stock’s risk; the discount rate in the dividend models.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
The annual return an investor demands for holding a stock’s risk; the discount rate in the dividend models.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
rescissionEnglish
The insurer’s remedy of canceling the contract from its beginning and returning premiums, as though the policy had never existed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
The insurer’s remedy of canceling the contract from its beginning and returning premiums, as though the policy had never existed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
research and development (R&D)English
Organized work to discover new knowledge and turn it into new products.
Grade 7 Business & Finance, Lesson 6.1 (grade 7)
Organized work to discover new knowledge and turn it into new products.
Grade 7 Business & Finance, Lesson 6.1 (grade 7)
reservation priceEnglish
The worst price at which a party will still agree (the most a buyer will pay, the least a seller will accept).
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)
The worst price at which a party will still agree (the most a buyer will pay, the least a seller will accept).
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)
reserveEnglish
The coins and precious metal a bank actually holds to back the credits in its books.
Grade 7 Business & Finance, Lesson 2.2 (grade 7) · Explore Great Battles · Expert, Stop 1.4 (Ages 14+) · Tactics & Strategy, Lesson 5.2 (grade 4–7) · +2 more
The coins and precious metal a bank actually holds to back the credits in its books.
Grade 7 Business & Finance, Lesson 2.2 (grade 7) · Explore Great Battles · Expert, Stop 1.4 (Ages 14+) · Tactics & Strategy, Lesson 5.2 (grade 4–7) · +2 more
reserve currencyEnglish
A currency that central banks hold as part of their reserves; after 1944, chiefly the U.S. dollar.
Economics & the History of Money, Lesson 6.2 (grade 11–12)
A currency that central banks hold as part of their reserves; after 1944, chiefly the U.S. dollar.
Economics & the History of Money, Lesson 6.2 (grade 11–12)
reserve ratioEnglish
Reserves divided by deposits.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.3 (grade 6) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
Reserves divided by deposits.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 6 Business & Finance, Lesson 2.3 (grade 6) · Grade 8 Business & Finance, Lesson 2.2 (grade 8)
reserve requirementEnglish
The fraction of deposits banks are required to hold in reserve rather than lend; the bluntest and least used tool.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
The fraction of deposits banks are required to hold in reserve rather than lend; the bluntest and least used tool.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
reservesEnglish
The part of deposits a bank keeps as cash (or, today, on account at the central bank) rather than lending out.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.3 (grade 5) · Grade 8 Business & Finance, Lesson 2.2 (grade 8) · +3 more
The part of deposits a bank keeps as cash (or, today, on account at the central bank) rather than lending out.
Economics & the History of Money, Lesson 5.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.3 (grade 5) · Grade 8 Business & Finance, Lesson 2.2 (grade 8) · +3 more
reserves for replacementEnglish
An annual allowance set aside for replacing short-lived components such as roofs, appliances and carpets.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
An annual allowance set aside for replacing short-lived components such as roofs, appliances and carpets.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
resident licenseEnglish
The producer license issued by your home state after you pass its exam; the foundation for licenses elsewhere.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
The producer license issued by your home state after you pass its exam; the foundation for licenses elsewhere.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
resident managerEnglish
A manager who lives on the property and handles day-to-day operations, often as an employee of the owner or management firm.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
A manager who lives on the property and handles day-to-day operations, often as an employee of the owner or management firm.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
residual claimEnglish
The common stockholder’s claim to whatever remains in liquidation after wages, taxes, secured and unsecured creditors, bondholders and preferred stockholders are paid.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
The common stockholder’s claim to whatever remains in liquidation after wages, taxes, secured and unsecured creditors, bondholders and preferred stockholders are paid.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
residual disabilityEnglish
A benefit based on the percentage of income actually lost when the insured works with reduced earnings — proportionate, not flat.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A benefit based on the percentage of income actually lost when the insured works with reduced earnings — proportionate, not flat.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
resistanceEnglish
A price ceiling where a rising stock has repeatedly met enough selling to stop advancing.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12) · Electronics & Microcontrollers, Lesson 1.3 (grade 9–12) · Grade 4 Engineering & Physics, Lesson 4.3 (grade 4) · +3 more
A price ceiling where a rising stock has repeatedly met enough selling to stop advancing.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12) · Electronics & Microcontrollers, Lesson 1.3 (grade 9–12) · Grade 4 Engineering & Physics, Lesson 4.3 (grade 4) · +3 more
restatementEnglish
Reissuing previously published statements to correct material errors.
Accounting, Lesson 9.4 (grade 9–12) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 6.3 (grade 7)
Reissuing previously published statements to correct material errors.
Accounting, Lesson 9.4 (grade 9–12) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 6.3 (grade 7)
restitutionEnglish
Paying back what was wrongly taken, often with something added.
Personal Finance & Investing, Lesson 6.5 (grade 9–12)
Paying back what was wrongly taken, often with something added.
Personal Finance & Investing, Lesson 6.5 (grade 9–12)
restricted giftEnglish
A gift the giver has designated for a specific purpose, which may be used only for that purpose.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
A gift the giver has designated for a specific purpose, which may be used only for that purpose.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
restricted stockEnglish
Stock acquired in a private, unregistered transaction (such as a private placement or an employee grant) that may not be resold publicly until Rule 144’s conditions are met.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
Stock acquired in a private, unregistered transaction (such as a private placement or an employee grant) that may not be resold publicly until Rule 144’s conditions are met.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
restricted stock unit (RSU)English
An employer’s promise to deliver shares (or their cash value) when vesting conditions are met, taxed as ordinary income when the shares are delivered.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
An employer’s promise to deliver shares (or their cash value) when vesting conditions are met, taxed as ordinary income when the shares are delivered.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
restricted-area permitEnglish
In New York City, a permit to vend on private property or Parks property under an agreement with the owner.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
In New York City, a permit to vend on private property or Parks property under an agreement with the owner.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
restrictive covenantEnglish
A contract clause — non-compete or non-solicitation — limiting whom a departing agent may serve or contact, for a stated time and territory.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
A contract clause — non-compete or non-solicitation — limiting whom a departing agent may serve or contact, for a stated time and territory.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
restructuringEnglish
An exchange of old bonds for new ones with a lower face value, a lower interest rate or a later maturity.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
An exchange of old bonds for new ones with a lower face value, a lower interest rate or a later maturity.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
résuméEnglish
A one-page summary of your contact information, skills, work, service and education, given to an employer.
Personal Finance & Investing, Lesson 1.3 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.3 (grade 11) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 6.4 (grade 9)
A one-page summary of your contact information, skills, work, service and education, given to an employer.
Personal Finance & Investing, Lesson 1.3 (grade 9–12) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 8.3 (grade 11) · Grade 9 Composition & Creative Writing: Thesis I and the Full Essay, Lesson 6.4 (grade 9)
retailEnglish
Selling goods to the people who will use them, usually in a store.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
Selling goods to the people who will use them, usually in a store.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
retainageEnglish
A portion of each payment or of the contract price held back until the work is finished and accepted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A portion of each payment or of the contract price held back until the work is finished and accepted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
retained earningsEnglish
The total of a corporation’s net income since it began, minus net losses and dividends: profits kept in the business.
Accounting, Lesson 8.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.1 (grade 8)
The total of a corporation’s net income since it began, minus net losses and dividends: profits kept in the business.
Accounting, Lesson 8.4 (grade 9–12) · Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.1 (grade 8)
retained profitEnglish
Profit kept in the business to buy supplies or grow, instead of being taken out by the owner.
Grade 6 Business & Finance, Lesson 9.4 (grade 6)
Profit kept in the business to buy supplies or grow, instead of being taken out by the owner.
Grade 6 Business & Finance, Lesson 9.4 (grade 6)
retake policyEnglish
The handbook’s rules for re-examination after a failed attempt, including any waiting period, fee and whether only the failed portion must be retaken.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
The handbook’s rules for re-examination after a failed attempt, including any waiting period, fee and whether only the failed portion must be retaken.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
retake waiting periodEnglish
The time a failing candidate must wait before sitting the exam again — commonly anywhere from the next day to 30 days, set by the state and printed in the candidate handbook.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
The time a failing candidate must wait before sitting the exam again — commonly anywhere from the next day to 30 days, set by the state and printed in the candidate handbook.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
retaliationEnglish
An illegal action against a tenant, such as raising rent or starting an eviction, because the tenant complained to authorities or exercised a legal right.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
An illegal action against a tenant, such as raising rent or starting an eviction, because the tenant complained to authorities or exercised a legal right.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
retention rateEnglish
The share of customers who buy again in the next period.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
The share of customers who buy again in the next period.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
retroactive dateEnglish
The date on a claims-made policy before which injuries are not covered, however late the claim arrives.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
The date on a claims-made policy before which injuries are not covered, however late the claim arrives.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.2 (grade 9–12)
returnEnglish
What an investment earns, as a percent of what was put in.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 7.4 (grade 8) · Home Décor, Costume & Upholstery, Lesson 3.5 (grade 9–12) · +1 more
What an investment earns, as a percent of what was put in.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 7.4 (grade 8) · Home Décor, Costume & Upholstery, Lesson 3.5 (grade 9–12) · +1 more
return of capitalEnglish
Repaying partners’ contributed cash out of sale or refinance proceeds before profits are split.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
Repaying partners’ contributed cash out of sale or refinance proceeds before profits are split.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12)
return of premium riderEnglish
On a term policy, refunds the premiums paid if the insured outlives the term, for a substantially higher premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
On a term policy, refunds the premiums paid if the insured outlives the term, for a substantially higher premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
return on ad spendEnglish
Revenue (or contribution) brought in by an ad divided by what the ad cost.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12)
Revenue (or contribution) brought in by an ad divided by what the ad cost.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12)
return on equityEnglish
Net income ÷ owners’ equity × 100; how much profit the owners’ money is earning.
Grade 8 Business & Finance, Lesson 7.2 (grade 8)
Net income ÷ owners’ equity × 100; how much profit the owners’ money is earning.
Grade 8 Business & Finance, Lesson 7.2 (grade 8)
return on equity (ROE)English
Net income ÷ average owners’ equity: the return earned on the owners’ investment.
Accounting, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
Net income ÷ average owners’ equity: the return earned on the owners’ investment.
Accounting, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12)
return on investmentEnglish
The gain from an investment compared with its cost, often written as a percent.
Economics & the History of Money, Lesson 1.5 (grade 11–12)
The gain from an investment compared with its cost, often written as a percent.
Economics & the History of Money, Lesson 1.5 (grade 11–12)
return on investment (ROI)English
Profit from an investment divided by the amount invested, usually given as a percent.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12)
Profit from an investment divided by the amount invested, usually given as a percent.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12)
return rateEnglish
The share of items sold that customers bring back.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
The share of items sold that customers bring back.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
revenue and expenseEnglish
Revenue is the value earned by providing goods or services to customers; an expense is the cost of assets used up or services consumed to earn revenue.
Accounting, Lesson 1.2 (grade 9–12)
Revenue is the value earned by providing goods or services to customers; an expense is the cost of assets used up or services consumed to earn revenue.
Accounting, Lesson 1.2 (grade 9–12)
revenue bondEnglish
A municipal bond repaid only from the earnings of the project it finances — tolls, water bills, airport fees — not from taxes.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
A municipal bond repaid only from the earnings of the project it finances — tolls, water bills, airport fees — not from taxes.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
revenue recognition principleEnglish
Record revenue in the period when the goods or services are delivered to the customer.
Accounting, Lesson 3.1 (grade 9–12)
Record revenue in the period when the goods or services are delivered to the customer.
Accounting, Lesson 3.1 (grade 9–12)
revenue (sales)English
All the money customers pay the business before any costs are taken out. Also called the “top line.”
Seven Small Businesses, Lesson 1.1 (grade 9–12)
All the money customers pay the business before any costs are taken out. Also called the “top line.”
Seven Small Businesses, Lesson 1.1 (grade 9–12)
revenue streamEnglish
A source of money from customers: one-time sales, repeat sales, subscriptions, fees, rentals.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
A source of money from customers: one-time sales, repeat sales, subscriptions, fees, rentals.
Entrepreneurship & Sales, Lesson 3.2 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
reverse mortgage (HECM)English
A loan to a homeowner 62 or older, FHA-insured in the HECM program, that pays the owner from home equity and is repaid when the last borrower dies, sells or moves out; it is non-recourse.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A loan to a homeowner 62 or older, FHA-insured in the HECM program, that pays the owner from home equity and is repaid when the last borrower dies, sells or moves out; it is non-recourse.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
reversionEnglish
The future interest kept by the grantor or the grantor’s heirs, who receive the property back when a life estate ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
The future interest kept by the grantor or the grantor’s heirs, who receive the property back when a life estate ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12)
reversionary interestEnglish
The landlord’s right to regain possession of the property when the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
The landlord’s right to regain possession of the property when the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 2.2 (grade 9–12)
revocable beneficiaryEnglish
A designation the policyowner may change at any time without the beneficiary’s consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A designation the policyowner may change at any time without the beneficiary’s consent.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
revocable (living) trustEnglish
A trust the grantor can amend or revoke; it avoids probate at death but saves no income or estate tax, because the grantor kept control.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A trust the grantor can amend or revoke; it avoids probate at death but saves no income or estate tax, because the grantor kept control.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
revocationEnglish
The offeror’s withdrawal of an offer, effective any time before acceptance is communicated, unless the offeror has been paid to keep it open.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
The offeror’s withdrawal of an offer, effective any time before acceptance is communicated, unless the offeror has been paid to keep it open.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12)
RevPAREnglish
Revenue per available night (or room), equal to total revenue divided by nights available, or ADR × occupancy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Revenue per available night (or room), equal to total revenue divided by nights available, or ADR × occupancy.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
rewardEnglish
What an entrepreneur hopes to gain: profit, the satisfaction of serving customers, and the growth of the business.
Grade 5 Business & Finance, Lesson 6.1 (grade 5) · Grade 1 Gardening & Animals, Lesson 4.4 (grade 1)
What an entrepreneur hopes to gain: profit, the satisfaction of serving customers, and the growth of the business.
Grade 5 Business & Finance, Lesson 6.1 (grade 5) · Grade 1 Gardening & Animals, Lesson 4.4 (grade 1)
reward crowdfundingEnglish
Backers give money in return for a thank-you gift or an early product, not ownership.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
Backers give money in return for a thank-you gift or an early product, not ownership.
Entrepreneurship & Sales, Lesson 5.5 (grade 9–12)
rezoning (zoning amendment)English
A legislative change of a parcel’s or area’s zoning district by the local governing body.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
A legislative change of a parcel’s or area’s zoning district by the local governing body.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
riderEnglish
An amendment attached to a policy that adds, limits or modifies coverage, usually for an extra premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
An amendment attached to a policy that adds, limits or modifies coverage, usually for an extra premium.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
right of first refusalEnglish
A right to buy or lease property on the same terms as a bona fide offer from a third party, if and when the owner decides to sell or lease.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
A right to buy or lease property on the same terms as a bona fide offer from a third party, if and when the owner decides to sell or lease.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
right of rescissionEnglish
A borrower’s right to cancel certain loans secured by a principal dwelling until midnight of the third business day after closing, delivery of the notice or delivery of the material disclosures, whichever is last.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
A borrower’s right to cancel certain loans secured by a principal dwelling until midnight of the third business day after closing, delivery of the notice or delivery of the material disclosures, whichever is last.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
right of rescission (offer)English
A seller discovering its own violation may offer to repurchase on rescission terms; a buyer who lets 30 days pass after receiving the written offer loses the right to sue on that sale.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
A seller discovering its own violation may offer to repurchase on rescission terms; a buyer who lets 30 days pass after receiving the written offer loses the right to sue on that sale.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
right of survivorshipEnglish
The right of surviving joint tenants (or tenants by the entirety) to receive a deceased co-owner’s interest automatically, outside of probate.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
The right of surviving joint tenants (or tenants by the entirety) to receive a deceased co-owner’s interest automatically, outside of probate.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
riparian rightsEnglish
The rights of an owner whose land borders a flowing body of water, such as a river or stream, to reasonable use of the water.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 2.4 (grade 8) · Human Geography, Lesson 9.2 (grade 9–12)
The rights of an owner whose land borders a flowing body of water, such as a river or stream, to reasonable use of the water.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12) · Grade 8 Earth Science: Earth Resources and Careers, Lesson 2.4 (grade 8) · Human Geography, Lesson 9.2 (grade 9–12)
riskEnglish
The chance that an outcome will be worse than expected, including the chance of losing what was invested.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 6.1 (grade 3) · Grade 4 Business & Finance, Lesson 6.1 (grade 4) · +3 more
The chance that an outcome will be worse than expected, including the chance of losing what was invested.
Entrepreneurship & Sales, Lesson 1.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 6.1 (grade 3) · Grade 4 Business & Finance, Lesson 6.1 (grade 4) · +3 more
risk and rewardEnglish
The rule that investments that may earn more usually also carry a greater chance of losing money.
Grade 5 Business & Finance, Lesson 8.3 (grade 5)
The rule that investments that may earn more usually also carry a greater chance of losing money.
Grade 5 Business & Finance, Lesson 8.3 (grade 5)
risk classificationEnglish
Underwriting’s sorting of accepted applicants into preferred, standard and substandard (rated) classes, with the remainder declined.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
Underwriting’s sorting of accepted applicants into preferred, standard and substandard (rated) classes, with the remainder declined.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
risk management (ACTS)English
Handling risk by avoiding it, controlling it, transferring it (usually by insurance) or retaining it.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
Handling risk by avoiding it, controlling it, transferring it (usually by insurance) or retaining it.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
risk poolingEnglish
Spreading risk among many people so that each pays a small, predictable amount instead of facing a rare, large loss alone.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Playing the Odds, Lesson 2.4 (grade 8–12)
Spreading risk among many people so that each pays a small, predictable amount instead of facing a rare, large loss alone.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Playing the Odds, Lesson 2.4 (grade 8–12)
risk toleranceEnglish
A client’s capacity for investment risk, made of two parts: the financial ability to absorb losses and the emotional willingness to endure them.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A client’s capacity for investment risk, made of two parts: the financial ability to absorb losses and the emotional willingness to endure them.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
risk-adjusted returnEnglish
A return judged together with the chance and size of a loss, so that a safer smaller return can beat a riskier larger one.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
A return judged together with the chance and size of a loss, so that a safer smaller return can beat a riskier larger one.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
risk-free rateEnglish
The return on an investment considered free of default risk, in practice the yield on short-term U.S. Treasury bills.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
The return on an investment considered free of default risk, in practice the yield on short-term U.S. Treasury bills.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
risk-takerEnglish
The person who starts or owns a business and puts his own money and good name on the line.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · +1 more
The person who starts or owns a business and puts his own money and good name on the line.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 3 Business & Finance, Lesson 4.1 (grade 3) · Grade 4 Business & Finance, Lesson 4.1 (grade 4) · +1 more
risk-takersEnglish
The founders and owners who put their own savings, time and reputation on the line.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
The founders and owners who put their own savings, time and reputation on the line.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12)
rivetEnglish
A small metal pin that is hammered flat to hold two pieces of cloth or metal tightly together.
Grade 1 Business & Finance, Lesson 4.2 (grade 1) · Grade 1 Engineering & Physics, Lesson 3.4 (grade 1) · Grade 3 Engineering & Physics, Lesson 3.3 (grade 3) · +3 more
A small metal pin that is hammered flat to hold two pieces of cloth or metal tightly together.
Grade 1 Business & Finance, Lesson 4.2 (grade 1) · Grade 1 Engineering & Physics, Lesson 3.4 (grade 1) · Grade 3 Engineering & Physics, Lesson 3.3 (grade 3) · +3 more
rodEnglish
A unit of length equal to 16½ feet, also called a pole or perch; four rods make one chain.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
A unit of length equal to 16½ feet, also called a pole or perch; four rods make one chain.
Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12)
rolloverEnglish
Moving retirement money by taking a distribution and redepositing it within 60 days; allowed once per 12 months across all of a person’s IRAs.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
Moving retirement money by taking a distribution and redepositing it within 60 days; allowed once per 12 months across all of a person’s IRAs.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
rooming houseEnglish
A building in which rooms are rented to separate occupants, often regulated by local code as a distinct use requiring a license or permit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
A building in which rooms are rented to separate occupants, often regulated by local code as a distinct use requiring a license or permit.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
Roth IRAEnglish
An IRA funded with after-tax dollars; qualified withdrawals — after age 59½ and a five-year wait — come out entirely tax-free, and the owner never faces lifetime RMDs.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
An IRA funded with after-tax dollars; qualified withdrawals — after age 59½ and a five-year wait — come out entirely tax-free, and the owner never faces lifetime RMDs.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
rough-in inspectionEnglish
An inspection of plumbing, electrical or mechanical work before walls are closed, required before drywall can go up.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
An inspection of plumbing, electrical or mechanical work before walls are closed, required before drywall can go up.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
routeEnglish
The list of machines an operator visits to restock, collect and repair.
Seven Small Businesses, Lesson 1.2 (grade 9–12) · Explore Travel and Faraway Places, Stop 1.6 (Ages 7–9) · Explore Travel and Faraway Places, Stop 2.2 (Ages 7–9) · +3 more
The list of machines an operator visits to restock, collect and repair.
Seven Small Businesses, Lesson 1.2 (grade 9–12) · Explore Travel and Faraway Places, Stop 1.6 (Ages 7–9) · Explore Travel and Faraway Places, Stop 2.2 (Ages 7–9) · +3 more
Royal CommissionEnglish
A group appointed by the British government to investigate a problem and report what it found, often with evidence from witnesses.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
A group appointed by the British government to investigate a problem and report what it found, often with evidence from witnesses.
Grade 6 Business & Finance, Lesson 5.2 (grade 6)
RRP ruleEnglish
The EPA’s Lead Renovation, Repair and Painting rule, requiring certified firms and lead-safe work practices for paid work that disturbs paint in housing built before 1978.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
The EPA’s Lead Renovation, Repair and Painting rule, requiring certified firms and lead-safe work practices for paid work that disturbs paint in housing built before 1978.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
RUBSEnglish
Ratio utility billing system: an allocation of a building’s utility bill among units by a formula such as occupants or square footage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Ratio utility billing system: an allocation of a building’s utility bill among units by a formula such as occupants or square footage.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
ruleEnglish
Something everyone agrees to follow so things are fair and safe.
Kindergarten Business & Finance, Lesson 5.4 (grade K) · Sports & Games of the World, Lesson 1.4 (grade 4–7) · Pre-Algebra, Lesson 11.2 (grade 6–8)
Something everyone agrees to follow so things are fair and safe.
Kindergarten Business & Finance, Lesson 5.4 (grade K) · Sports & Games of the World, Lesson 1.4 (grade 4–7) · Pre-Algebra, Lesson 11.2 (grade 6–8)
Rule 10b-5English
The SEC rule under Section 10(b) of the 1934 Act making it unlawful to employ any device to defraud, misstate or omit a material fact, or deceive in connection with the purchase or sale of any security.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
The SEC rule under Section 10(b) of the 1934 Act making it unlawful to employ any device to defraud, misstate or omit a material fact, or deceive in connection with the purchase or sale of any security.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
Rule 144English
The SEC rule that lets restricted and control stock be resold publicly after a holding period and, for affiliates, within volume limits, without a full registration.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
The SEC rule that lets restricted and control stock be resold publicly after a holding period and, for affiliates, within volume limits, without a full registration.
Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12)
rule of 70English
A shortcut: the number of years for a quantity to double is about 70 divided by its percent growth rate.
Economics & the History of Money, Lesson 9.5 (grade 11–12) · Human Geography, Lesson 3.3 (grade 9–12)
A shortcut: the number of years for a quantity to double is about 70 divided by its percent growth rate.
Economics & the History of Money, Lesson 9.5 (grade 11–12) · Human Geography, Lesson 3.3 (grade 9–12)
rule of lawEnglish
The principle that everyone, including rulers, is subject to known, fairly applied laws.
Economics & the History of Money, Lesson 8.1 (grade 11–12)
The principle that everyone, including rulers, is subject to known, fairly applied laws.
Economics & the History of Money, Lesson 8.1 (grade 11–12)
rule of thumbEnglish
A quick approximate method based on experience, used to screen choices before careful analysis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
A quick approximate method based on experience, used to screen choices before careful analysis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12)
rule (regulation)English
A detailed requirement issued by the commissioner under authority granted by statute; rules have the force of law but may not exceed or contradict the statute.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
A detailed requirement issued by the commissioner under authority granted by statute; rules have the force of law but may not exceed or contradict the statute.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
running balanceEnglish
A balance figured again after every entry, so you always know how much you have.
Grade 3 Business & Finance, Lesson 7.2 (grade 3)
A balance figured again after every entry, so you always know how much you have.
Grade 3 Business & Finance, Lesson 7.2 (grade 3)
runs with the landEnglish
Binds or benefits every later owner of the land, not just the original parties.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
Binds or benefits every later owner of the land, not just the original parties.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
runwayEnglish
How many months the start-up money will last at the current burn rate.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Grade 5 Gardening & Animals, Lesson 2.4 (grade 5) · Grade 7 Gardening & Animals, Lesson 2.3 (grade 7)
How many months the start-up money will last at the current burn rate.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Grade 5 Gardening & Animals, Lesson 2.4 (grade 5) · Grade 7 Gardening & Animals, Lesson 2.3 (grade 7)
Rural Free DeliveryEnglish
The U.S. Post Office’s service, begun in 1896, of delivering mail free to farm homes instead of making farmers fetch it in town.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
The U.S. Post Office’s service, begun in 1896, of delivering mail free to farm homes instead of making farmers fetch it in town.
Grade 6 Business & Finance, Lesson 6.4 (grade 6) · Grade 7 Business & Finance, Lesson 4.4 (grade 7)
S
S corporationEnglish
A corporation that elects to pass its income through to its shareholders (limited to 100, with one class of stock), so the shareholders pay the tax, not the company.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A corporation that elects to pass its income through to its shareholders (limited to 100, with one class of stock), so the shareholders pay the tax, not the company.
Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
safe harborEnglish
The model's provision that sales made under comparable securities rules — such as a registered representative's best-interest obligations — satisfy the insurance standard.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The model's provision that sales made under comparable securities rules — such as a registered representative's best-interest obligations — satisfy the insurance standard.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
safeguard ruleEnglish
The Regulation S-P requirement of written policies to protect the security and confidentiality of customer records against anticipated threats.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The Regulation S-P requirement of written policies to protect the security and confidentiality of customer records against anticipated threats.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
safety stockEnglish
Extra inventory kept to protect against late deliveries or surprise demand.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12)
Extra inventory kept to protect against late deliveries or surprise demand.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12)
SaharaEnglish
The great desert of North Africa, about as large as the whole United States.
Grade 4 Business & Finance, Lesson 2.1 (grade 4) · Grade 1 Geography: Maps and Journeys, Lesson 3.3 (grade 1) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.4 (grade 3)
The great desert of North Africa, about as large as the whole United States.
Grade 4 Business & Finance, Lesson 2.1 (grade 4) · Grade 1 Geography: Maps and Journeys, Lesson 3.3 (grade 1) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.4 (grade 3)
salary allowance and interest allowanceEnglish
Amounts used in dividing net income to reward partners for their work and for the capital they have invested; they are not expenses of the firm.
Accounting, Lesson 8.1 (grade 9–12)
Amounts used in dividing net income to reward partners for their work and for the capital they have invested; they are not expenses of the firm.
Accounting, Lesson 8.1 (grade 9–12)
saleEnglish
A trade in which a customer pays money for a good or service.
Grade 1 Business & Finance, Lesson 9.3 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2)
A trade in which a customer pays money for a good or service.
Grade 1 Business & Finance, Lesson 9.3 (grade 1) · Grade 2 Business & Finance, Lesson 9.3 (grade 2)
sale-leasebackEnglish
A transaction in which an owner sells property and immediately leases it back, freeing capital while keeping possession.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
A transaction in which an owner sells property and immediately leases it back, freeing capital while keeping possession.
Real Estate License Exam Prep: The National Exam, Lesson 7.5 (grade 9–12)
sales and excise taxesEnglish
Taxes on purchases: a sales tax is a percent of most retail sales; an excise tax falls on particular goods such as gasoline.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
Taxes on purchases: a sales tax is a percent of most retail sales; an excise tax falls on particular goods such as gasoline.
Personal Finance & Investing, Lesson 6.1 (grade 9–12)
sales bandEnglish
A range of yearly sales used to group units in a table.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
A range of yearly sales used to group units in a table.
Seven Small Businesses, Lesson 1.7 (grade 9–12)
sales channelEnglish
The route by which a product reaches a customer: a store, a catalog, a website, a sales representative, a market stall.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
The route by which a product reaches a customer: a store, a catalog, a website, a sales representative, a market stall.
Entrepreneurship & Sales, Lesson 6.3 (grade 9–12)
sales comparison approachEnglish
An appraisal approach that estimates value by comparing the subject with similar properties that sold recently, adjusting each comparable’s price for differences; also called the market data approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
An appraisal approach that estimates value by comparing the subject with similar properties that sold recently, adjusting each comparable’s price for differences; also called the market data approach.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
sales discountEnglish
A reduction in price for early payment, recorded in a contra-revenue account that reduces net sales.
Accounting, Lesson 6.1 (grade 9–12)
A reduction in price for early payment, recorded in a contra-revenue account that reduces net sales.
Accounting, Lesson 6.1 (grade 9–12)
sales forecastEnglish
An estimate of how many units you will sell and when, based on evidence such as orders, past sales or a survey.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
An estimate of how many units you will sell and when, based on evidence such as orders, past sales or a survey.
Grade 8 Business & Finance, Lesson 9.1 (grade 8)
sales goalEnglish
The number of units or dollars of sales a business aims for in a period, based on research and the break-even point.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
The number of units or dollars of sales a business aims for in a period, based on research and the break-even point.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
sales ledgerEnglish
A record of every sale: time, item, price and money received.
Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Grade 5 Business & Finance, Lesson 9.3 (grade 5)
A record of every sale: time, item, price and money received.
Grade 3 Business & Finance, Lesson 9.3 (grade 3) · Grade 5 Business & Finance, Lesson 9.3 (grade 5)
sales loadEnglish
A commission built into a fund purchase or redemption that compensates the selling firm, legally expressed as a percent of the offering price.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
A commission built into a fund purchase or redemption that compensates the selling firm, legally expressed as a percent of the offering price.
Investment Adviser Exam Prep: Series 65, Lesson 6.1 (grade 9–12)
sales pitchEnglish
A short talk that explains why a customer should buy a product.
Grade 3 Business & Finance, Lesson 6.3 (grade 3)
A short talk that explains why a customer should buy a product.
Grade 3 Business & Finance, Lesson 6.3 (grade 3)
sales processEnglish
The stages of a sale: prospecting, approach, needs discovery, presentation or demonstration, handling objections, closing and follow-up.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12)
The stages of a sale: prospecting, approach, needs discovery, presentation or demonstration, handling objections, closing and follow-up.
Entrepreneurship & Sales, Lesson 7.2 (grade 9–12)
sales scriptEnglish
A planned set of words or steps a salesperson follows.
Grade 8 Business & Finance, Lesson 6.3 (grade 8)
A planned set of words or steps a salesperson follows.
Grade 8 Business & Finance, Lesson 6.3 (grade 8)
sales taxEnglish
A tax on retail sales collected by the seller and paid to the state or locality.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12) · Personal Finance & Investing, Lesson 6.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.7 (Ages 14+) · +1 more
A tax on retail sales collected by the seller and paid to the state or locality.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12) · Personal Finance & Investing, Lesson 6.4 (grade 9–12) · Explore Crafts and Making · Expert, Stop 4.7 (Ages 14+) · +1 more
salesmanshipEnglish
The skill of understanding what customers need and honestly persuading them that a product will meet it.
Grade 6 Business & Finance, Lesson 4.2 (grade 6)
The skill of understanding what customers need and honestly persuading them that a product will meet it.
Grade 6 Business & Finance, Lesson 4.2 (grade 6)
sales-tax registrationEnglish
Signing up with the state to collect and pay sales tax on taxable sales, required in states with a sales tax.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
Signing up with the state to collect and pay sales tax on taxable sales, required in states with a sales tax.
Seven Small Businesses, Lesson 1.2 (grade 9–12)
salvageEnglish
The insurer's right to take over damaged property it has paid for and sell it to reduce the net loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
The insurer's right to take over damaged property it has paid for and sell it to reduce the net loss.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
salvage (residual) valueEnglish
The amount the business expects to receive for an asset at the end of its useful life.
Accounting, Lesson 7.1 (grade 9–12)
The amount the business expects to receive for an asset at the end of its useful life.
Accounting, Lesson 7.1 (grade 9–12)
sampleEnglish
The group of people actually studied, chosen to represent a larger group.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 4.1 (grade 5) · +3 more
The group of people actually studied, chosen to represent a larger group.
Entrepreneurship & Sales, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 4.1 (grade 5) · +3 more
sample sizeEnglish
The number of people in a test. Small samples give rough, uncertain results.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Playing the Odds, Lesson 6.5 (grade 8–12) · Tactics & Strategy, Lesson 5.5 (grade 8–12) · +1 more
The number of people in a test. Small samples give rough, uncertain results.
Entrepreneurship & Sales, Lesson 2.4 (grade 9–12) · Playing the Odds, Lesson 6.5 (grade 8–12) · Tactics & Strategy, Lesson 5.5 (grade 8–12) · +1 more
samplingEnglish
Testing a sample of items to draw a conclusion about the whole, since checking every transaction is usually impractical.
Accounting, Lesson 9.3 (grade 9–12)
Testing a sample of items to draw a conclusion about the whole, since checking every transaction is usually impractical.
Accounting, Lesson 9.3 (grade 9–12)
Sarbanes-Oxley Act (2002)English
The U.S. law that created the PCAOB, required executives to certify financial reports, required reports on internal control, and strengthened auditor independence.
Accounting, Lesson 9.4 (grade 9–12)
The U.S. law that created the PCAOB, required executives to certify financial reports, required reports on internal control, and strengthened auditor independence.
Accounting, Lesson 9.4 (grade 9–12)
saveEnglish
To keep money for later instead of spending it now.
Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 3 Business & Finance, Lesson 8.1 (grade 3) · +3 more
To keep money for later instead of spending it now.
Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Grade 3 Business & Finance, Lesson 8.1 (grade 3) · +3 more
savings accountEnglish
An account at a bank where you keep money you are saving, which earns interest.
Grade 4 Business & Finance, Lesson 8.2 (grade 4) · Personal Finance & Investing, Lesson 3.2 (grade 9–12)
An account at a bank where you keep money you are saving, which earns interest.
Grade 4 Business & Finance, Lesson 8.2 (grade 4) · Personal Finance & Investing, Lesson 3.2 (grade 9–12)
savings bankEnglish
A bank set up to help ordinary people save small amounts safely and earn interest.
Grade 6 Business & Finance, Lesson 8.1 (grade 6)
A bank set up to help ordinary people save small amounts safely and earn interest.
Grade 6 Business & Finance, Lesson 8.1 (grade 6)
savings bondEnglish
A non-marketable Treasury security (Series EE or I) bought from and redeemed by the government, not traded in any market.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
A non-marketable Treasury security (Series EE or I) bought from and redeemed by the government, not traded in any market.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
savings goalEnglish
Something you are saving up for, with how much it costs.
Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 3 Business & Finance, Lesson 8.1 (grade 3)
Something you are saving up for, with how much it costs.
Grade 1 Business & Finance, Lesson 8.1 (grade 1) · Grade 3 Business & Finance, Lesson 8.1 (grade 3)
savings rateEnglish
The share of income saved: savings ÷ income.
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
The share of income saved: savings ÷ income.
Personal Finance & Investing, Lesson 10.5 (grade 9–12)
scalpingEnglish
Buying a security, recommending it to others, and selling into the price rise the recommendation causes — fraud when the plan is not disclosed.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
Buying a security, recommending it to others, and selling into the price rise the recommendation causes — fraud when the plan is not disclosed.
Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
scamEnglish
A dishonest scheme to trick someone into giving up money or information.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
A dishonest scheme to trick someone into giving up money or information.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
scarceEnglish
Hard to find or limited in amount compared with how much people want it.
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
Hard to find or limited in amount compared with how much people want it.
Grade 4 Business & Finance, Lesson 2.1 (grade 4)
scarcityEnglish
The condition that our wants are greater than the time, resources and goods available to satisfy them, so we must choose.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · +3 more
The condition that our wants are greater than the time, resources and goods available to satisfy them, so we must choose.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 3 Business & Finance, Lesson 1.2 (grade 3) · +3 more
Schedule E (Form 1040)English
The IRS schedule on which individuals report income and expenses from rental real estate, with one column for each property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
The IRS schedule on which individuals report income and expenses from rental real estate, with one column for each property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
scheduled personal property endorsementEnglish
An endorsement (floater) listing valuables item by item at appraised values, with broader perils and commonly no deductible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
An endorsement (floater) listing valuables item by item at appraised values, with broader perils and commonly no deductible.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.3 (grade 9–12)
scope of workEnglish
A written, item-by-item description of the work a contractor will do, used to compare bids on the same basis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
A written, item-by-item description of the work a contractor will do, used to compare bids on the same basis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
scope of work (SOW)English
A written list of every repair and improvement to be done, organized by room or system, with quantities, materials and standards of finish.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
A written list of every repair and improvement to be done, organized by room or system, with quantities, materials and standards of finish.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
scored itemEnglish
An exam question that counts toward the candidate’s score.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
An exam question that counts toward the candidate’s score.
Real Estate License Exam Prep: The National Exam, Lesson 10.5 (grade 9–12)
screenEnglish
A fast first test used to discard most listings so that only promising ones receive full analysis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Playing the Odds, Lesson 6.2 (grade 4–7)
A fast first test used to discard most listings so that only promising ones receive full analysis.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.4 (grade 9–12) · Playing the Odds, Lesson 6.2 (grade 4–7)
screening criteriaEnglish
The written standards — such as income, rental history and credit — that every applicant must meet, applied the same way to all.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
The written standards — such as income, rental history and credit — that every applicant must meet, applied the same way to all.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
seasonEnglish
The time of year when a fruit or vegetable is ripe and ready to pick.
Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 2 Cooking & Food, Lesson 7.3 (grade 2) · Grade 4 Cooking & Food, Lesson 3.3 (grade 4) · +3 more
The time of year when a fruit or vegetable is ripe and ready to pick.
Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 2 Cooking & Food, Lesson 7.3 (grade 2) · Grade 4 Cooking & Food, Lesson 3.3 (grade 4) · +3 more
seasonal increase provisionEnglish
A BOP feature that automatically raises the business personal property limit — commonly 25% — during peak seasons, such as a toy store's December.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
A BOP feature that automatically raises the business personal property limit — commonly 25% — during peak seasons, such as a toy store's December.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.3 (grade 9–12)
seasonalityEnglish
The regular change in rental demand through the year; in many markets more tenants move in late spring and summer than in winter.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
The regular change in rental demand through the year; in many markets more tenants move in late spring and summer than in winter.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
seasoningEnglish
A required waiting period — time on title or age of the existing loan — before a lender will allow a refinance, especially a cash-out.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 2.4 (grade 9–12)
A required waiting period — time on title or age of the existing loan — before a lender will allow a refinance, especially a cash-out.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.4 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 2.4 (grade 9–12)
secondary marketEnglish
The market where investors trade existing securities among themselves, with proceeds going to the selling investor, not the issuer; exchanges are secondary markets.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
The market where investors trade existing securities among themselves, with proceeds going to the selling investor, not the issuer; exchanges are secondary markets.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
secondary mortgage marketEnglish
The market in which existing mortgage loans are bought and sold, usually pooled into securities, returning cash to originating lenders.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
The market in which existing mortgage loans are bought and sold, usually pooled into securities, returning cash to originating lenders.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.1 (grade 9–12)
secondary researchEnglish
Facts others have already gathered, such as government statistics, trade reports or articles.
Grade 6 Business & Finance, Lesson 6.2 (grade 6)
Facts others have already gathered, such as government statistics, trade reports or articles.
Grade 6 Business & Finance, Lesson 6.2 (grade 6)
secondary sourceEnglish
A later work that interprets the past, such as a history book or scholarly article.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 4.1 (grade 10) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 2.2 (grade 11) · +3 more
A later work that interprets the past, such as a history book or scholarly article.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 4.1 (grade 10) · Grade 11 Composition & Creative Writing: The Persuasive and Research Essay, Lesson 2.2 (grade 11) · +3 more
secret profitEnglish
Any undisclosed financial gain an agent makes from the agency, such as buying through a relative and reselling, or taking a kickback from a vendor.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
Any undisclosed financial gain an agent makes from the agency, such as buying through a relative and reselling, or taking a kickback from a vendor.
Real Estate License Exam Prep: The National Exam, Lesson 8.2 (grade 9–12)
sectionEnglish
One square mile of land — 640 acres — the basic unit within a township, numbered 1 to 36.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.1 (grade 12) · +3 more
One square mile of land — 640 acres — the basic unit within a township, numbered 1 to 36.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.1 (grade 12) · +3 more
Section 1031 exchangeEnglish
A tax-deferred exchange of real property held for investment or business use for like-kind real property, with 45 days to identify and 180 days to acquire the replacement.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12)
A tax-deferred exchange of real property held for investment or business use for like-kind real property, with 45 days to identify and 180 days to acquire the replacement.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12)
Section 1035 exchangeEnglish
A tax-free exchange under the federal code: life to life, life to annuity, or annuity to annuity — never annuity to life — with the old contract’s cost basis carrying over.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
A tax-free exchange under the federal code: life to life, life to annuity, or annuity to annuity — never annuity to life — with the old contract’s cost basis carrying over.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
Section 121 exclusionEnglish
Exclusion of up to $250,000 of gain ($500,000 for married couples filing jointly) on the sale of a main home owned and used as a principal residence for at least two of the five years before the sale.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Exclusion of up to $250,000 of gain ($500,000 for married couples filing jointly) on the sale of a main home owned and used as a principal residence for at least two of the five years before the sale.
Real Estate License Exam Prep: The National Exam, Lesson 10.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Section 1231 propertyEnglish
Real or depreciable property used in a trade or business, including rental real estate, held more than 1 year, whose net gain is generally treated as long-term capital gain.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Real or depreciable property used in a trade or business, including rental real estate, held more than 1 year, whose net gain is generally treated as long-term capital gain.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
Section 28(e) safe harborEnglish
The 1975 provision protecting an adviser who pays a higher commission in exchange for research and brokerage services that benefit clients.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
The 1975 provision protecting an adviser who pays a higher commission in exchange for research and brokerage services that benefit clients.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
Section 404(c) safe harborEnglish
The rule relieving a sponsor of liability for participants’ own investment choices when the plan offers a broad menu, real control and sufficient information.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
The rule relieving a sponsor of liability for participants’ own investment choices when the plan offers a broad menu, real control and sufficient information.
Investment Adviser Exam Prep: Series 65, Lesson 7.4 (grade 9–12)
Section 8 (anti-kickback rule)English
RESPA’s ban on giving or accepting any fee, kickback or thing of value for referring settlement-service business, and on splitting charges for services not actually performed.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
RESPA’s ban on giving or accepting any fee, kickback or thing of value for referring settlement-service business, and on splitting charges for services not actually performed.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
sector rotationEnglish
Shifting among industry sectors as the business cycle turns, favoring the industries that history says lead each phase.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Shifting among industry sectors as the business cycle turns, favoring the industries that history says lead each phase.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Securities Act of 1933English
The federal “truth in securities” law requiring registration of new issues and delivery of a prospectus, with antifraud liability for untrue statements.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The federal “truth in securities” law requiring registration of new issues and delivery of a prospectus, with antifraud liability for untrue statements.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
Securities and Exchange Commission (SEC)English
The federal agency created in 1934 to enforce honest disclosure and fair dealing in securities markets.
Economics & the History of Money, Lesson 8.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
The federal agency created in 1934 to enforce honest disclosure and fair dealing in securities markets.
Economics & the History of Money, Lesson 8.4 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12)
Securities Exchange Act of 1934English
The federal law governing secondary markets: it created the SEC and regulates exchanges, broker-dealers, trading practices and ongoing company reporting.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
The federal law governing secondary markets: it created the SEC and regulates exchanges, broker-dealers, trading practices and ongoing company reporting.
Investment Adviser Exam Prep: Series 65, Lesson 1.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.1 (grade 9–12)
securityEnglish
Under federal law, an investment instrument such as a stock, bond or investment contract; offers and sales must be registered or qualify for an exemption.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
Under federal law, an investment instrument such as a stock, bond or investment contract; offers and sales must be registered or qualify for an exemption.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.4 (grade 9–12)
security depositEnglish
Money held by the landlord to cover unpaid rent or damage, returned (less proper deductions) at the end of the lease.
Personal Finance & Investing, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
Money held by the landlord to cover unpaid rent or damage, returned (less proper deductions) at the end of the lease.
Personal Finance & Investing, Lesson 9.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
security deposit liabilityEnglish
Money held for a tenant under the lease and state law; it is not income when received and must be tracked as owed back to the tenant unless lawfully applied.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
Money held for a tenant under the lease and state law; it is not income when received and must be tracked as owed back to the tenant unless lawfully applied.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.5 (grade 9–12)
security (investment)English
An investment in which people put money into a common enterprise expecting profit from others’ efforts, regulated by securities laws.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
An investment in which people put money into a common enterprise expecting profit from others’ efforts, regulated by securities laws.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
segregation of dutiesEnglish
Dividing tasks so that no one person both handles money and keeps the records of it.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
Dividing tasks so that no one person both handles money and keeps the records of it.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
seigniorageEnglish
The profit an issuer of money makes from the difference between the money’s face value and its cost of production.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
The profit an issuer of money makes from the difference between the money’s face value and its cost of production.
Economics & the History of Money, Lesson 4.2 (grade 11–12) · Grade 8 Business & Finance, Lesson 2.1 (grade 8)
self-employedEnglish
Working for yourself rather than an employer: you set prices, find customers, pay expenses and handle your own taxes.
Personal Finance & Investing, Lesson 1.4 (grade 9–12)
Working for yourself rather than an employer: you set prices, find customers, pay expenses and handle your own taxes.
Personal Finance & Investing, Lesson 1.4 (grade 9–12)
self-employment taxEnglish
Social Security and Medicare tax paid by people who work for themselves on their net earnings.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.4 (grade 9–12)
Social Security and Medicare tax paid by people who work for themselves on their net earnings.
Entrepreneurship & Sales, Lesson 9.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.4 (grade 9–12)
self-employment taxesEnglish
The Social Security and Medicare taxes an independent-contractor agent pays on his own earnings, which no employer withholds for him — set aside with income tax from every commission check.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
The Social Security and Medicare taxes an independent-contractor agent pays on his own earnings, which no employer withholds for him — set aside with income tax from every commission check.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.4 (grade 9–12)
self-help evictionEnglish
An illegal attempt to remove a tenant without a court order, such as changing locks, removing doors or belongings or shutting off utilities.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
An illegal attempt to remove a tenant without a court order, such as changing locks, removing doors or belongings or shutting off utilities.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
self-insured retention (SIR)English
The amount the insured pays himself — commonly $250 to $10,000 — when the umbrella covers a claim that no underlying policy covers at all.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
The amount the insured pays himself — commonly $250 to $10,000 — when the umbrella covers a claim that no underlying policy covers at all.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
self-interestEnglish
Caring for one’s own needs and the needs of one’s family; not the same as selfishness, which ignores others.
Grade 7 Business & Finance, Lesson 1.3 (grade 7)
Caring for one’s own needs and the needs of one’s family; not the same as selfishness, which ignores others.
Grade 7 Business & Finance, Lesson 1.3 (grade 7)
self-managementEnglish
An owner running his or her own rental without a hired manager.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
An owner running his or her own rental without a hired manager.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
self-serviceEnglish
A store design in which customers choose goods from open shelves themselves rather than asking a clerk.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12) · Grade 2 Business & Finance, Lesson 3.4 (grade 2) · Grade 5 Cooking & Food, Lesson 8.3 (grade 5)
A store design in which customers choose goods from open shelves themselves rather than asking a clerk.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12) · Grade 2 Business & Finance, Lesson 3.4 (grade 2) · Grade 5 Cooking & Food, Lesson 8.3 (grade 5)
self-sufficiency testEnglish
FHA’s rule for three- and four-unit homes that the payment (PITI) may not exceed the property’s net rental income from all units.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
FHA’s rule for three- and four-unit homes that the payment (PITI) may not exceed the property’s net rental income from all units.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
sellerEnglish
A person who has something to sell.
Kindergarten Business & Finance, Lesson 3.1 (grade K)
A person who has something to sell.
Kindergarten Business & Finance, Lesson 3.1 (grade K)
seller concessionEnglish
Value given by the seller to the buyer, such as paying the buyer’s closing costs, that may inflate the recorded price and require a downward adjustment.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
Value given by the seller to the buyer, such as paying the buyer’s closing costs, that may inflate the recorded price and require a downward adjustment.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
seller financingEnglish
An arrangement in which the seller lends part of the price to the buyer, who repays the seller over time; also called owner financing or a seller carry-back.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
An arrangement in which the seller lends part of the price to the buyer, who repays the seller over time; also called owner financing or a seller carry-back.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
seller property condition disclosure statementEnglish
A state-required form on which a seller discloses known conditions of the property — roof, plumbing, water, structure, environmental and legal issues — before or soon after the purchase agreement.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A state-required form on which a seller discloses known conditions of the property — roof, plumbing, water, structure, environmental and legal issues — before or soon after the purchase agreement.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
seller’s disclosureEnglish
A written statement, often on a state-required form, in which a seller reports known conditions and defects of the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
A written statement, often on a state-required form, in which a seller reports known conditions and defects of the property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.2 (grade 9–12)
sellingEnglish
Helping a customer decide whether to buy a product that meets his need, and completing the exchange.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
Helping a customer decide whether to buy a product that meets his need, and completing the exchange.
Entrepreneurship & Sales, Lesson 7.1 (grade 9–12)
selling awayEnglish
An agent effecting private securities transactions outside his firm without its knowledge and consent.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
An agent effecting private securities transactions outside his firm without its knowledge and consent.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
selling costsEnglish
The costs of selling a finished property, including agent commissions, the seller’s closing costs, transfer taxes and any concessions to the buyer.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
The costs of selling a finished property, including agent commissions, the seller’s closing costs, transfer taxes and any concessions to the buyer.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.1 (grade 9–12)
selling shortEnglish
Selling borrowed shares in hope of buying them back cheaper; possible for exchange-traded shares such as ETFs and closed-end funds, impossible for open-end fund shares.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
Selling borrowed shares in hope of buying them back cheaper; possible for exchange-traded shares such as ETFs and closed-end funds, impossible for open-end fund shares.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
senior-specific designation rulesEnglish
The NAIC model (2008) barring use of certifications or titles that falsely imply special training in advising seniors — no weekend-course “senior expert” badges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The NAIC model (2008) barring use of certifications or titles that falsely imply special training in advising seniors — no weekend-course “senior expert” badges.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
sensitivityEnglish
How much the result changes when one assumption changes.
Seven Small Businesses, Lesson 1.10 (grade 9–12) · Grade 6 Cooking & Food, Lesson 3.3 (grade 6) · Grade 8 Cooking & Food, Lesson 3.3 (grade 8) · +1 more
How much the result changes when one assumption changes.
Seven Small Businesses, Lesson 1.10 (grade 9–12) · Grade 6 Cooking & Food, Lesson 3.3 (grade 6) · Grade 8 Cooking & Food, Lesson 3.3 (grade 8) · +1 more
sensitivity analysisEnglish
Changing one input at a time — rent, vacancy, rate, taxes and insurance, CapEx — to see how much the result depends on it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12) · Playing the Odds, Lesson 6.5 (grade 8–12)
Changing one input at a time — rent, vacancy, rate, taxes and insurance, CapEx — to see how much the result depends on it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12) · Playing the Odds, Lesson 6.5 (grade 8–12)
SEP IRAEnglish
A simplified employee pension: an employer-funded IRA-based plan prized by small businesses and the self-employed for high limits and easy paperwork.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
A simplified employee pension: an employer-funded IRA-based plan prized by small businesses and the self-employed for high limits and easy paperwork.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
separate accountEnglish
The insurer’s account holding variable-policy investments apart from its general account; its securities nature is why variable products require FINRA registration.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
The insurer’s account holding variable-policy investments apart from its general account; its securities nature is why variable products require FINRA registration.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
separate condenserEnglish
Watt’s invention of 1765: a chamber apart from the engine’s cylinder where steam was cooled, so the cylinder could stay hot and the engine wasted far less fuel.
Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Grade 6 Engineering & Physics, Lesson 1.4 (grade 6) · Physics, Lesson 5.4 (grade 11–12)
Watt’s invention of 1765: a chamber apart from the engine’s cylinder where steam was cooled, so the cylinder could stay hot and the engine wasted far less fuel.
Grade 6 Business & Finance, Lesson 4.2 (grade 6) · Grade 6 Engineering & Physics, Lesson 1.4 (grade 6) · Physics, Lesson 5.4 (grade 11–12)
separate propertyEnglish
In community property states, property owned before marriage or acquired during marriage by gift or inheritance, or bought with separate funds, which belongs to one spouse alone.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
In community property states, property owned before marriage or acquired during marriage by gift or inheritance, or bought with separate funds, which belongs to one spouse alone.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
separately meteredEnglish
Having a separate utility meter for each unit so each tenant pays the utility directly.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Having a separate utility meter for each unit so each tenant pays the utility directly.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
separation (segregation) of dutiesEnglish
Dividing a process so that no one person controls all of it: authorizing a transaction, having custody of the asset, and recording it should be done by different people.
Accounting, Lesson 5.3 (grade 9–12)
Dividing a process so that no one person controls all of it: authorizing a transaction, having custody of the asset, and recording it should be done by different people.
Accounting, Lesson 5.3 (grade 9–12)
sequence riskEnglish
The danger that a bad period arrives at a vulnerable time, such as retirement, when an owner depends on the income and cannot wait for recovery.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
The danger that a bad period arrives at a vulnerable time, such as retirement, when an owner depends on the income and cannot wait for recovery.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.3 (grade 9–12)
Series 65English
NASAA's Uniform Investment Adviser Law Examination, the qualification exam for investment adviser representatives, administered through FINRA.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
NASAA's Uniform Investment Adviser Law Examination, the qualification exam for investment adviser representatives, administered through FINRA.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
serviceEnglish
Work done for someone else, such as caring for pets or raking leaves, instead of a thing that is made and sold.
Grade 4 Business & Finance, Lesson 9.1 (grade 4) · Grade 8 Cooking & Food, Lesson 8.3 (grade 8) · Kindergarten Engineering & Physics, Lesson 5.4 (grade K)
Work done for someone else, such as caring for pets or raking leaves, instead of a thing that is made and sold.
Grade 4 Business & Finance, Lesson 9.1 (grade 4) · Grade 8 Cooking & Food, Lesson 8.3 (grade 8) · Kindergarten Engineering & Physics, Lesson 5.4 (grade K)
service businessEnglish
A business that earns money by doing work for customers.
Grade 4 Business & Finance, Lesson 9.1 (grade 4)
A business that earns money by doing work for customers.
Grade 4 Business & Finance, Lesson 9.1 (grade 4)
service chargeEnglish
A fee the bank deducts from the account. Subtracted from the book balance.
Accounting, Lesson 5.1 (grade 9–12)
A fee the bank deducts from the account. Subtracted from the book balance.
Accounting, Lesson 5.1 (grade 9–12)
service cycleEnglish
The scheduled care of existing clients — annual reviews, claims advocacy, and updates at life changes — that earns retention and referrals.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
The scheduled care of existing clients — annual reviews, claims advocacy, and updates at life changes — that earns retention and referrals.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
service standardEnglish
A specific, measurable promise about service (orders ready in 10 minutes, calls returned the same day).
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12)
A specific, measurable promise about service (orders ready in 10 minutes, calls returned the same day).
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12)
serviceable obtainable market (SOM)English
The part of the market you can realistically win in the next year or two.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
The part of the market you can realistically win in the next year or two.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
servicesEnglish
Work that people do for you, like cutting hair, fixing teeth or carrying letters.
Grade 1 Business & Finance, Lesson 1.3 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +2 more
Work that people do for you, like cutting hair, fixing teeth or carrying letters.
Grade 1 Business & Finance, Lesson 1.3 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +2 more
setbackEnglish
The minimum required distance between a building and a lot line or street.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 7.4 (grade 9–12) · +1 more
The minimum required distance between a building and a lot line or street.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.2 (grade 9–12) · Architecture & Civil Engineering, Lesson 7.4 (grade 9–12) · +1 more
settlement optionEnglish
A way of paying the death proceeds other than one lump sum: interest only, fixed period, fixed amount, or a life income.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A way of paying the death proceeds other than one lump sum: interest only, fixed period, fixed amount, or a life income.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
seven-pay testEnglish
The federal limit from the 1988 law: if cumulative premiums in the first seven years exceed what seven level annual premiums would have paid the policy up, the contract is a MEC.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
The federal limit from the 1988 law: if cumulative premiums in the first seven years exceed what seven level annual premiums would have paid the policy up, the contract is a MEC.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
severaltyEnglish
Ownership of real property by one person or one legal entity alone, “severed” from all others.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
Ownership of real property by one person or one legal entity alone, “severed” from all others.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
severanceEnglish
Detaching an item from the real estate — cutting timber, harvesting a crop, unbolting a fixture — which converts it from real to personal property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
Detaching an item from the real estate — cutting timber, harvesting a crop, unbolting a fixture — which converts it from real to personal property.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
severance damagesEnglish
Compensation for the loss in value of the remaining land when only part of a parcel is taken.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
Compensation for the loss in value of the remaining land when only part of a parcel is taken.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
sewer scopeEnglish
A camera inspection of the sewer line from the house to the street, used to find cracks, roots and collapses before purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
A camera inspection of the sewer line from the house to the street, used to find cracks, roots and collapses before purchase.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.2 (grade 9–12)
sewing machineEnglish
A machine that sews stitches much faster than a person can by hand.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Threads & Weaving, Lesson 4.1 (grade 9–12)
A machine that sews stitches much faster than a person can by hand.
Grade 4 Business & Finance, Lesson 4.4 (grade 4) · Threads & Weaving, Lesson 4.1 (grade 9–12)
shareEnglish
One unit of ownership in a company.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 4.2 (grade 4) · +3 more
One unit of ownership in a company.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 4.2 (grade 4) · +3 more
share (stock)English
One of many equal parts of the ownership of a company.
Grade 7 Business & Finance, Lesson 4.1 (grade 7)
One of many equal parts of the ownership of a company.
Grade 7 Business & Finance, Lesson 4.1 (grade 7)
shared housingEnglish
A dwelling in which unrelated occupants share living spaces such as a kitchen or bathroom.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
A dwelling in which unrelated occupants share living spaces such as a kitchen or bathroom.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.2 (grade 9–12)
shareholderEnglish
A person who owns one or more shares of a company.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · +1 more
A person who owns one or more shares of a company.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · +1 more
Sharpe ratioEnglish
Excess return over the risk-free rate divided by standard deviation: reward earned per unit of total risk.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
Excess return over the risk-free rate divided by standard deviation: reward earned per unit of total risk.
Investment Adviser Exam Prep: Series 65, Lesson 8.1 (grade 9–12)
shekelEnglish
In Bible times, a weight of silver, about as heavy as two nickels. Later it was also the name of a coin.
Grade 2 Business & Finance, Lesson 2.1 (grade 2) · Explore Horses and Ponies · Ranger, Stop 3.2 (Ages 10–13)
In Bible times, a weight of silver, about as heavy as two nickels. Later it was also the name of a coin.
Grade 2 Business & Finance, Lesson 2.1 (grade 2) · Explore Horses and Ponies · Ranger, Stop 3.2 (Ages 10–13)
Sherman Antitrust ActEnglish
Federal law of 1890 forbidding contracts, combinations and conspiracies in restraint of trade, and monopolization; it applies to real estate brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
Federal law of 1890 forbidding contracts, combinations and conspiracies in restraint of trade, and monopolization; it applies to real estate brokerage.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
shiftEnglish
A move of the whole curve, caused by something other than the good’s own price, such as a new invention, a change in income, or the price of a substitute.
Grade 7 Business & Finance, Lesson 3.1 (grade 7) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 8.3 (grade 7) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 9.3 (grade 7) · +3 more
A move of the whole curve, caused by something other than the good’s own price, such as a new invention, a change in income, or the price of a substitute.
Grade 7 Business & Finance, Lesson 3.1 (grade 7) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 8.3 (grade 7) · Grade 7 Composition & Creative Writing: Commonplace, Encomium and Invective, Lesson 9.3 (grade 7) · +3 more
short interestEnglish
The total shares sold short and not yet covered; technicians read a HIGH short interest as bullish, since every short must eventually buy back.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
The total shares sold short and not yet covered; technicians read a HIGH short interest as bullish, since every short must eventually buy back.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
short saleEnglish
A sale of the property for less than the amount owed, with the lender’s approval to accept the net proceeds; the lender may or may not waive the remaining balance.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
A sale of the property for less than the amount owed, with the lender’s approval to accept the net proceeds; the lender may or may not waive the remaining balance.
Real Estate License Exam Prep: The National Exam, Lesson 5.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
shortageEnglish
A situation in which quantity demanded is greater than quantity supplied at the current price (excess demand).
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 3 Business & Finance, Lesson 3.1 (grade 3) · +3 more
A situation in which quantity demanded is greater than quantity supplied at the current price (excess demand).
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 3 Business & Finance, Lesson 3.1 (grade 3) · +3 more
shortage / surplusEnglish
A shortage is when buyers want more than sellers offer at the current price; a surplus is when sellers offer more than buyers want.
Grade 5 Business & Finance, Lesson 3.1 (grade 5)
A shortage is when buyers want more than sellers offer at the current price; a surplus is when sellers offer more than buyers want.
Grade 5 Business & Finance, Lesson 3.1 (grade 5)
short-term rental (STR)English
Furnished lodging rented by the night or week, commonly for stays under 30 days, usually subject to local permits and lodging taxes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Furnished lodging rented by the night or week, commonly for stays under 30 days, usually subject to local permits and lodging taxes.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
showroomEnglish
A shop where goods are displayed so customers can see them, often without being sold from stock on the spot.
Grade 8 Business & Finance, Lesson 4.2 (grade 8)
A shop where goods are displayed so customers can see them, often without being sold from stock on the spot.
Grade 8 Business & Finance, Lesson 4.2 (grade 8)
shrinkageEnglish
Inventory lost to theft, damage or error: the difference between the perpetual record and the physical count.
Accounting, Lesson 6.3 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 8 Business & Finance, Lesson 9.2 (grade 8)
Inventory lost to theft, damage or error: the difference between the perpetual record and the physical count.
Accounting, Lesson 6.3 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 8 Business & Finance, Lesson 9.2 (grade 8)
signEnglish
A board or cloth with words or pictures that tells people what a shop is and sells.
Grade 1 Business & Finance, Lesson 6.4 (grade 1) · Kindergarten Business & Finance, Lesson 6.4 (grade K) · Grade 3 Gardening & Animals, Lesson 2.1 (grade 3) · +2 more
A board or cloth with words or pictures that tells people what a shop is and sells.
Grade 1 Business & Finance, Lesson 6.4 (grade 1) · Kindergarten Business & Finance, Lesson 6.4 (grade K) · Grade 3 Gardening & Animals, Lesson 2.1 (grade 3) · +2 more
signalEnglish
A sign that tells people something, like a traffic light.
Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 6 Engineering & Physics, Lesson 5.4 (grade 6) · +3 more
A sign that tells people something, like a traffic light.
Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 6 Engineering & Physics, Lesson 5.4 (grade 6) · +3 more
silkEnglish
A smooth, shiny cloth made from the threads that silkworms spin.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Explore Animals, Stop 5.4 (Ages 7–9) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.2 (grade 3) · +2 more
A smooth, shiny cloth made from the threads that silkworms spin.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Explore Animals, Stop 5.4 (Ages 7–9) · Grade 3 Geography: Around the World: Continents and Oceans, Lesson 7.2 (grade 3) · +2 more
Silk RoadEnglish
A network of land routes, used for about 1,500 years, that linked China with Central Asia, Persia, India and the Mediterranean.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Explore Travel and Faraway Places · Expert, Stop 3.3 (Ages 14+) · Explore Travel and Faraway Places · Ranger, Stop 3.3 (Ages 10–13) · +3 more
A network of land routes, used for about 1,500 years, that linked China with Central Asia, Persia, India and the Mediterranean.
Grade 4 Business & Finance, Lesson 1.3 (grade 4) · Explore Travel and Faraway Places · Expert, Stop 3.3 (Ages 14+) · Explore Travel and Faraway Places · Ranger, Stop 3.3 (Ages 10–13) · +3 more
silversmithEnglish
A craftsman who makes cups, spoons, bowls and teapots out of silver.
Grade 1 Business & Finance, Lesson 1.3 (grade 1)
A craftsman who makes cups, spoons, bowls and teapots out of silver.
Grade 1 Business & Finance, Lesson 1.3 (grade 1)
simple interestEnglish
Interest = principal × annual rate × time in years.
Accounting, Lesson 7.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 8.2 (grade 5) · Grade 6 Business & Finance, Lesson 8.1 (grade 6) · +2 more
Interest = principal × annual rate × time in years.
Accounting, Lesson 7.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 8.2 (grade 5) · Grade 6 Business & Finance, Lesson 8.1 (grade 6) · +2 more
SIMPLE IRAEnglish
A salary-deferral plan with an employer match for businesses with 100 or fewer employees that maintain no other plan.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
A salary-deferral plan with an employer match for businesses with 100 or fewer employees that maintain no other plan.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
single-premium whole lifeEnglish
Whole life purchased with one lump-sum payment, immediately paid up and immediately rich in cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
Whole life purchased with one lump-sum payment, immediately paid up and immediately rich in cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
sinking fundEnglish
Money set aside each month for a known future expense, such as car repairs, gifts or yearly insurance.
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
Money set aside each month for a known future expense, such as car repairs, gifts or yearly insurance.
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
skilled nursing careEnglish
Daily care that must be performed by licensed medical professionals under a doctor's orders, such as wound care or injections.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
Daily care that must be performed by licensed medical professionals under a doctor's orders, such as wound care or injections.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.3 (grade 9–12)
slideEnglish
An error in which the decimal point is moved, such as 1,250 written as 125. The difference is also divisible by 9.
Accounting, Lesson 2.5 (grade 9–12) · Body Mechanics of Sport, Lesson 2.2 (grade 4–7) · Technology Overcoming Geography, Lesson 3.2 (grade 9–12)
An error in which the decimal point is moved, such as 1,250 written as 125. The difference is also divisible by 9.
Accounting, Lesson 2.5 (grade 9–12) · Body Mechanics of Sport, Lesson 2.2 (grade 4–7) · Technology Overcoming Geography, Lesson 3.2 (grade 9–12)
sloganEnglish
A short, catchy saying that helps people remember a product.
Grade 2 Business & Finance, Lesson 6.3 (grade 2)
A short, catchy saying that helps people remember a product.
Grade 2 Business & Finance, Lesson 6.3 (grade 2)
small multifamilyEnglish
A residential building of two to four dwelling units — a duplex, triplex or fourplex (quadplex) — financed and appraised as residential property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
A residential building of two to four dwelling units — a duplex, triplex or fourplex (quadplex) — financed and appraised as residential property.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Small Residential Income Property Appraisal ReportEnglish
The appraisal form (Fannie Mae Form 1025 / Freddie Mac Form 72) used for two- to four-unit properties, combining sales comparison with a rent schedule and gross rent multiplier.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
The appraisal form (Fannie Mae Form 1025 / Freddie Mac Form 72) used for two- to four-unit properties, combining sales comparison with a rent schedule and gross rent multiplier.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Smith’s maximsEnglish
Adam Smith’s four principles of taxation: equality (in proportion to ability), certainty, convenience and economy.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
Adam Smith’s four principles of taxation: equality (in proportion to ability), certainty, convenience and economy.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
Smithsonian AgreementEnglish
The December 1971 agreement that set new par values, raised the official gold price to $38 and widened the bands to 2.25%.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
The December 1971 agreement that set new par values, raised the official gold price to $38 and widened the bands to 2.25%.
Economics & the History of Money, Lesson 6.3 (grade 11–12)
snowbird exemptionEnglish
A registered firm with no place of business in a state need not register there to serve an existing customer who is only temporarily in the state.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
A registered firm with no place of business in a state need not register there to serve an existing customer who is only temporarily in the state.
Investment Adviser Exam Prep: Series 65, Lesson 9.2 (grade 9–12)
social costEnglish
The full cost of an activity: the private cost to the producer plus the external cost to others.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
The full cost of an activity: the private cost to the producer plus the external cost to others.
Economics & the History of Money, Lesson 8.2 (grade 11–12)
Social Insurance Supplement (SIS) riderEnglish
A rider paying an extra benefit while the insured is not receiving expected social insurance benefits, and reducing when those benefits begin.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A rider paying an extra benefit while the insured is not receiving expected social insurance benefits, and reducing when those benefits begin.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
Social SecurityEnglish
The federal program, begun in 1935, that pays retirement, disability and survivor benefits to workers and their families, funded mainly by payroll taxes.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
The federal program, begun in 1935, that pays retirement, disability and survivor benefits to workers and their families, funded mainly by payroll taxes.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
soft dollarsEnglish
Research and brokerage services an adviser receives from a broker-dealer in exchange for directing clients’ trades there, instead of paying cash.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
Research and brokerage services an adviser receives from a broker-dealer in exchange for directing clients’ trades there, instead of paying cash.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
soft fraudEnglish
Exaggerating an otherwise real claim or lying on an application to lower premium — opportunistic padding, and still a crime.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
Exaggerating an otherwise real claim or lying on an application to lower premium — opportunistic padding, and still a crime.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
soft launchEnglish
A small, quiet first opening to a few customers to find problems before the full launch.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
A small, quiet first opening to a few customers to find problems before the full launch.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
soft skillsEnglish
Habits and abilities such as punctuality, honesty, courtesy, teamwork and following through, which make a worker valuable in any job.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
Habits and abilities such as punctuality, honesty, courtesy, teamwork and following through, which make a worker valuable in any job.
Personal Finance & Investing, Lesson 1.3 (grade 9–12)
sold comparable (sale comp)English
A similar property that has closed its sale recently; the price actually paid is the evidence, unlike a listing’s asking price.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
A similar property that has closed its sale recently; the price actually paid is the evidence, unlike a listing’s asking price.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
sole proprietorshipEnglish
A business owned by one person, with no separate legal existence; the owner gets all profits and is personally liable for all debts.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
A business owned by one person, with no separate legal existence; the owner gets all profits and is personally liable for all debts.
Entrepreneurship & Sales, Lesson 3.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
solvencyEnglish
The ability to survive over the long term: to carry and repay long-term debt.
Accounting, Lesson 9.1 (grade 9–12)
The ability to survive over the long term: to carry and repay long-term debt.
Accounting, Lesson 9.1 (grade 9–12)
solvent / insolventEnglish
Able (or unable) to pay debts as they come due.
Accounting, Lesson 3.5 (grade 9–12)
Able (or unable) to pay debts as they come due.
Accounting, Lesson 3.5 (grade 9–12)
solving backwardEnglish
Starting from a required result (cash flow or DSCR) and working back to the maximum loan and price that produce it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
Starting from a required result (cash flow or DSCR) and working back to the maximum loan and price that produce it.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
source documentEnglish
The paper or electronic evidence of a transaction: a receipt, invoice, check, bank record, deposit slip or contract.
Accounting, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 9.2 (grade 6)
The paper or electronic evidence of a transaction: a receipt, invoice, check, bank record, deposit slip or contract.
Accounting, Lesson 2.2 (grade 9–12) · Grade 6 Business & Finance, Lesson 9.2 (grade 6)
sovereign debtEnglish
Bonds issued by national governments; its safety depends on the issuing country’s ability and willingness to pay.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
Bonds issued by national governments; its safety depends on the issuing country’s ability and willingness to pay.
Investment Adviser Exam Prep: Series 65, Lesson 2.4 (grade 9–12)
sovereign defaultEnglish
A government’s failure to pay interest or principal on its debt as promised.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
A government’s failure to pay interest or principal on its debt as promised.
Economics & the History of Money, Lesson 11.3 (grade 11–12)
sovereign lendingEnglish
Lending to a king, emperor or national government.
Grade 8 Business & Finance, Lesson 4.1 (grade 8)
Lending to a king, emperor or national government.
Grade 8 Business & Finance, Lesson 4.1 (grade 8)
sowEnglish
To plant seeds.
Kindergarten Business & Finance, Lesson 8.3 (grade K) · Grade 1 Gardening & Animals, Lesson 6.3 (grade 1) · Grade 4 Gardening & Animals, Lesson 6.2 (grade 4) · +1 more
To plant seeds.
Kindergarten Business & Finance, Lesson 8.3 (grade K) · Grade 1 Gardening & Animals, Lesson 6.3 (grade 1) · Grade 4 Gardening & Animals, Lesson 6.2 (grade 4) · +1 more
special agentEnglish
An agent authorized to perform one specific act or transaction, such as a listing broker or a buyer’s broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
An agent authorized to perform one specific act or transaction, such as a listing broker or a buyer’s broker.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
special assessmentEnglish
A charge levied only on properties that benefit from a specific public improvement, such as sidewalks, sewers or street paving.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
A charge levied only on properties that benefit from a specific public improvement, such as sidewalks, sewers or street paving.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
special assessment (association)English
A one-time charge levied by an owners’ association on its members for a specific expense, such as a new roof or road repair.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
A one-time charge levied by an owners’ association on its members for a specific expense, such as a new roof or road repair.
Real Estate License Exam Prep: The National Exam, Lesson 3.3 (grade 9–12)
special flood hazard areaEnglish
An area mapped by FEMA as subject to a 1% annual chance of flooding, in which federally regulated or insured lenders require flood insurance.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
An area mapped by FEMA as subject to a 1% annual chance of flooding, in which federally regulated or insured lenders require flood insurance.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
special flood hazard area (SFHA)English
Land FEMA maps as having a 1% or greater chance of flooding in any year (the “100-year floodplain”), shown as zones beginning with A or V.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
Land FEMA maps as having a 1% or greater chance of flooding in any year (the “100-year floodplain”), shown as zones beginning with A or V.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
special purpose entity (SPE)English
A separate company set up for a narrow purpose; legitimate in many uses, but Enron used some to move debt and losses off its own balance sheet.
Accounting, Lesson 9.4 (grade 9–12)
A separate company set up for a narrow purpose; legitimate in many uses, but Enron used some to move debt and losses off its own balance sheet.
Accounting, Lesson 9.4 (grade 9–12)
special (sub)limitsEnglish
Dollar caps inside Coverage C on classes like money, securities, watercraft, theft of jewelry, theft of firearms and theft of silverware.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
Dollar caps inside Coverage C on classes like money, securities, watercraft, theft of jewelry, theft of firearms and theft of silverware.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.2 (grade 9–12)
special warranty deedEnglish
A deed in which the grantor warrants only against defects arising during the grantor’s own ownership (“by, through or under” the grantor).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
A deed in which the grantor warrants only against defects arising during the grantor’s own ownership (“by, through or under” the grantor).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
special-cause variationEnglish
Variation from a specific, unusual event (a broken tool, a bad batch) that can be found and removed.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
Variation from a specific, unusual event (a broken tool, a bad batch) that can be found and removed.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12)
specializationEnglish
Concentrating on producing the goods or tasks one does best, and trading for the rest.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 1.3 (grade 5) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.1 (grade 9–12)
Concentrating on producing the goods or tasks one does best, and trading for the rest.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 5 Business & Finance, Lesson 1.3 (grade 5) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 5.1 (grade 9–12)
specializeEnglish
To do one kind of job and get very good at it.
Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4)
To do one kind of job and get very good at it.
Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Grade 3 Business & Finance, Lesson 1.3 (grade 3) · Grade 4 Business & Finance, Lesson 1.2 (grade 4)
specieEnglish
Money in the form of coins of precious metal.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
Money in the form of coins of precious metal.
Economics & the History of Money, Lesson 5.5 (grade 11–12)
specific identificationEnglish
Tracking the actual cost of each item sold; used for unique, costly items such as cars or jewelry.
Accounting, Lesson 6.4 (grade 9–12)
Tracking the actual cost of each item sold; used for unique, costly items such as cars or jewelry.
Accounting, Lesson 6.4 (grade 9–12)
specific lienEnglish
A lien against one particular property, such as a mortgage, property tax lien, special assessment or mechanic’s lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
A lien against one particular property, such as a mortgage, property tax lien, special assessment or mechanic’s lien.
Real Estate License Exam Prep: The National Exam, Lesson 2.5 (grade 9–12)
specific performanceEnglish
A court order requiring a party to carry out a contract as agreed, available in real estate because each parcel is unique and money damages cannot replace it.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
A court order requiring a party to carry out a contract as agreed, available in real estate because each parcel is unique and money damages cannot replace it.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
speculationEnglish
Buying something mainly in hope of selling it soon to someone else at a higher price, rather than for what it produces.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
Buying something mainly in hope of selling it soon to someone else at a higher price, rather than for what it produces.
Grade 7 Business & Finance, Lesson 8.2 (grade 7) · Personal Finance & Investing, Lesson 8.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.4 (grade 9–12)
speculative bubbleEnglish
A period when an asset’s price rises far above any reasonable value because buyers expect to sell to others at higher prices, followed by a collapse.
Economics & the History of Money, Lesson 10.5 (grade 11–12)
A period when an asset’s price rises far above any reasonable value because buyers expect to sell to others at higher prices, followed by a collapse.
Economics & the History of Money, Lesson 10.5 (grade 11–12)
speculative riskEnglish
A risk that includes the chance of gain as well as loss, such as gambling or investing; not insurable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
A risk that includes the chance of gain as well as loss, such as gambling or investing; not insurable.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.3 (grade 9–12)
spendEnglish
To use money to buy something.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Kindergarten Business & Finance, Lesson 8.1 (grade K)
To use money to buy something.
Grade 2 Business & Finance, Lesson 8.1 (grade 2) · Kindergarten Business & Finance, Lesson 8.1 (grade K)
spendthrift clauseEnglish
A provision protecting proceeds held by the insurer under a settlement option from the beneficiary’s creditors and from being assigned or squandered in advance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
A provision protecting proceeds held by the insurer under a settlement option from the beneficiary’s creditors and from being assigned or squandered in advance.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.2 (grade 9–12)
spilloverEnglish
A cost or benefit that falls on people outside a trade, such as smoke from a factory that dirties the neighbors’ laundry.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
A cost or benefit that falls on people outside a trade, such as smoke from a factory that dirties the neighbors’ laundry.
Grade 5 Business & Finance, Lesson 3.4 (grade 5)
spillover (externality)English
A cost or benefit of an activity that falls on people outside the trade who did not choose it.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
A cost or benefit of an activity that falls on people outside the trade who did not choose it.
Grade 7 Business & Finance, Lesson 3.2 (grade 7)
SPIN questionsEnglish
Situation, problem, implication and need-payoff questions, from Neil Rackham’s research on successful sales calls.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
Situation, problem, implication and need-payoff questions, from Neil Rackham’s research on successful sales calls.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
split limitsEnglish
Liability limits stated as three numbers — BI per person / BI per accident / PD per accident — such as 100/300/50, read in thousands.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.2 (grade 9–12)
Liability limits stated as three numbers — BI per person / BI per accident / PD per accident — such as 100/300/50, read in thousands.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.2 (grade 9–12)
spoilageEnglish
Goods that go bad before they can be sold or used.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
Goods that go bad before they can be sold or used.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
spontaneous orderEnglish
An orderly pattern that arises from many people’s free choices without anyone planning the whole.
Grade 8 Business & Finance, Lesson 1.3 (grade 8)
An orderly pattern that arises from many people’s free choices without anyone planning the whole.
Grade 8 Business & Finance, Lesson 1.3 (grade 8)
spot zoningEnglish
Rezoning a single parcel inconsistently with the comprehensive plan for the benefit of its owner; generally held illegal.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
Rezoning a single parcel inconsistently with the comprehensive plan for the benefit of its owner; generally held illegal.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12)
spreadsheetEnglish
Originally a large sheet of paper ruled in columns, spread across two facing pages of an accountant’s pad; now a computer program that works the same way with formulas.
Accounting, Lesson 3.3 (grade 9–12)
Originally a large sheet of paper ruled in columns, spread across two facing pages of an accountant’s pad; now a computer program that works the same way with formulas.
Accounting, Lesson 3.3 (grade 9–12)
square-foot methodEnglish
Estimating cost new by multiplying the building’s area by a current cost per square foot for similar construction; the most common method.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
Estimating cost new by multiplying the building’s area by a current cost per square foot for similar construction; the most common method.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
stabilized budgetEnglish
A forecast of income and expenses over several years under normal, stabilized occupancy and operating conditions.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
A forecast of income and expenses over several years under normal, stabilized occupancy and operating conditions.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
staff adjusterEnglish
A salaried employee of the insurer who investigates and settles its claims.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
A salaried employee of the insurer who investigates and settles its claims.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
stakeholderEnglish
A person or group with something at stake in a business: money, work, a purchase or a neighborhood.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Grade 2 Business & Finance, Lesson 4.1 (grade 2) · +3 more
A person or group with something at stake in a business: money, work, a purchase or a neighborhood.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12) · Grade 1 Business & Finance, Lesson 4.1 (grade 1) · Grade 2 Business & Finance, Lesson 4.1 (grade 2) · +3 more
stakeholder reportEnglish
A report on how a business serves its financiers, owners, builders, workers, customers and community.
Accounting, Lesson 10.5 (grade 9–12)
A report on how a business serves its financiers, owners, builders, workers, customers and community.
Accounting, Lesson 10.5 (grade 9–12)
stakeholder reviewEnglish
An honest assessment of how a business has served each of its stakeholders.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
An honest assessment of how a business has served each of its stakeholders.
Entrepreneurship & Sales, Lesson 10.4 (grade 9–12)
stakeholder scorecardEnglish
A table rating how well a business serves each of the six stakeholders, with evidence for every rating.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12) · Grade 5 Business & Finance, Lesson 4.1 (grade 5) · Grade 8 Business & Finance, Lesson 4.1 (grade 8)
A table rating how well a business serves each of the six stakeholders, with evidence for every rating.
Entrepreneurship & Sales, Lesson 1.5 (grade 9–12) · Grade 5 Business & Finance, Lesson 4.1 (grade 5) · Grade 8 Business & Finance, Lesson 4.1 (grade 8)
stallEnglish
A small table or booth where a seller shows and sells goods.
Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 4 Engineering & Physics, Lesson 7.2 (grade 4) · Grade 6 Engineering & Physics, Lesson 7.1 (grade 6) · +2 more
A small table or booth where a seller shows and sells goods.
Grade 2 Business & Finance, Lesson 3.3 (grade 2) · Grade 4 Engineering & Physics, Lesson 7.2 (grade 4) · Grade 6 Engineering & Physics, Lesson 7.1 (grade 6) · +2 more
standardEnglish
An official measure that everyone agrees to use, like a pound or a gallon.
Grade 2 Business & Finance, Lesson 5.1 (grade 2) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · Grade 6 Engineering & Physics, Lesson 9.4 (grade 6) · +3 more
An official measure that everyone agrees to use, like a pound or a gallon.
Grade 2 Business & Finance, Lesson 5.1 (grade 2) · Grade 3 Business & Finance, Lesson 2.2 (grade 3) · Grade 6 Engineering & Physics, Lesson 9.4 (grade 6) · +3 more
standard deductionEnglish
A fixed amount, set by law and adjusted yearly, that most taxpayers subtract from income instead of itemizing deductions.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
A fixed amount, set by law and adjusted yearly, that most taxpayers subtract from income instead of itemizing deductions.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
standard deviationEnglish
A measure of how far values typically stray from their mean; in investing, the standard measure of a security’s volatility, or total risk.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Playing the Odds, Lesson 2.3 (grade 8–12)
A measure of how far values typically stray from their mean; in investing, the standard measure of a security’s volatility, or total risk.
Investment Adviser Exam Prep: Series 65, Lesson 3.4 (grade 9–12) · Playing the Odds, Lesson 2.3 (grade 8–12)
standard of deferred paymentEnglish
A unit in which debts to be paid later are written.
Economics & the History of Money, Lesson 4.1 (grade 11–12)
A unit in which debts to be paid later are written.
Economics & the History of Money, Lesson 4.1 (grade 11–12)
standard of livingEnglish
The level of goods, health, safety and comfort that people can afford.
Grade 8 Business & Finance, Lesson 5.1 (grade 8) · Personal Finance & Investing, Lesson 2.5 (grade 9–12)
The level of goods, health, safety and comfort that people can afford.
Grade 8 Business & Finance, Lesson 5.1 (grade 8) · Personal Finance & Investing, Lesson 2.5 (grade 9–12)
standardizationEnglish
Doing a task the same proven way every time, written down so others can learn it.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 2.3 (grade 8)
Doing a task the same proven way every time, written down so others can learn it.
Entrepreneurship & Sales, Lesson 8.5 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 2.3 (grade 8)
start-up capitalEnglish
The money needed to begin a business, from the owner’s savings, a loan or an investor.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
The money needed to begin a business, from the owner’s savings, a loan or an investor.
Grade 6 Business & Finance, Lesson 9.1 (grade 6)
start-up costEnglish
The money needed to begin a business, such as tools, supplies and rent.
Grade 3 Business & Finance, Lesson 6.1 (grade 3)
The money needed to begin a business, such as tools, supplies and rent.
Grade 3 Business & Finance, Lesson 6.1 (grade 3)
start-up costsEnglish
Money needed before and during the first months of a venture: equipment, first inventory, setup, and cash to cover early expenses.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.1 (grade 6)
Money needed before and during the first months of a venture: equipment, first inventory, setup, and cash to cover early expenses.
Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.1 (grade 6)
state portionEnglish
The part of the licensing exam that tests one state’s license law, rules and practices, written to that state’s outline.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
The part of the licensing exam that tests one state’s license law, rules and practices, written to that state’s outline.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
statement balanceEnglish
The amount owed at the close of the billing cycle.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
The amount owed at the close of the billing cycle.
Personal Finance & Investing, Lesson 4.2 (grade 9–12)
statement of activitiesEnglish
A nonprofit’s version of the income statement, showing revenues, expenses and the change in net assets by class.
Accounting, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.4 (grade 8)
A nonprofit’s version of the income statement, showing revenues, expenses and the change in net assets by class.
Accounting, Lesson 8.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.4 (grade 8)
statement of cash flowsEnglish
The report of cash received and paid during a period, grouped into operating, investing and financing activities, ending with the change in cash.
Accounting, Lesson 4.4 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.1 (grade 8)
The report of cash received and paid during a period, grouped into operating, investing and financing activities, ending with the change in cash.
Accounting, Lesson 4.4 (grade 9–12) · Grade 8 Business & Finance, Lesson 7.1 (grade 8)
statement of good healthEnglish
A signed statement, collected at delivery when the first premium was not paid with the application, affirming the insured’s health has not changed since the application; the premium must be collected with it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
A signed statement, collected at delivery when the first premium was not paid with the application, affirming the insured’s health has not changed since the application; the premium must be collected with it.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.5 (grade 9–12)
statement of owner’s equityEnglish
A report showing the changes in the owner’s capital during the period: beginning capital + investments + net income − net loss − withdrawals = ending capital.
Accounting, Lesson 4.2 (grade 9–12)
A report showing the changes in the owner’s capital during the period: beginning capital + investments + net income − net loss − withdrawals = ending capital.
Accounting, Lesson 4.2 (grade 9–12)
statement of retained earningsEnglish
Beginning retained earnings + net income − dividends = ending retained earnings.
Accounting, Lesson 8.4 (grade 9–12)
Beginning retained earnings + net income − dividends = ending retained earnings.
Accounting, Lesson 8.4 (grade 9–12)
statistical discrepancyEnglish
The gap left because transactions are measured from different sources; in theory the accounts sum to zero.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
The gap left because transactions are measured from different sources; in theory the accounts sum to zero.
Economics & the History of Money, Lesson 11.4 (grade 11–12)
statuteEnglish
A law passed by the state legislature and signed by the governor; the insurance code itself is statute law.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
A law passed by the state legislature and signed by the governor; the insurance code itself is statute law.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
Statute of FraudsEnglish
The law, descended from England’s 1677 Act for Prevention of Frauds and Perjuries, requiring certain contracts — including those for the sale of real estate — to be in writing and signed by the party to be charged to be enforceable.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
The law, descended from England’s 1677 Act for Prevention of Frauds and Perjuries, requiring certain contracts — including those for the sale of real estate — to be in writing and signed by the party to be charged to be enforceable.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
statute of limitationsEnglish
The period after which the IRS generally cannot assess additional tax on a return; it is longer in some cases, including fraud.
Personal Finance & Investing, Lesson 6.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
The period after which the IRS generally cannot assess additional tax on a return; it is longer in some cases, including fraud.
Personal Finance & Investing, Lesson 6.5 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
statute of limitations (civil, USA)English
Suit must be brought within three years of the sale or two years after discovery of the violation, whichever comes first — the 1956 USA convention the exam uses.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
Suit must be brought within three years of the sale or two years after discovery of the violation, whichever comes first — the 1956 USA convention the exam uses.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
statutory (banker’s) yearEnglish
A 360-day year of twelve 30-day months used in some proration problems and customs, as opposed to the actual 365-day year.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
A 360-day year of twelve 30-day months used in some proration problems and customs, as opposed to the actual 365-day year.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
statutory nonemployee (qualified real estate agent)English
Under federal tax law, a licensed real estate agent paid substantially all for sales output rather than hours, under a written contract stating the agent will not be treated as an employee for federal tax purposes.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
Under federal tax law, a licensed real estate agent paid substantially all for sales output rather than hours, under a written contract stating the agent will not be treated as an employee for federal tax purposes.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
statutory votingEnglish
A voting method in which a shareholder may cast up to the number of shares owned for each open board seat, seat by seat.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
A voting method in which a shareholder may cast up to the number of shares owned for each open board seat, seat by seat.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
steeringEnglish
Channeling buyers or renters toward or away from particular neighborhoods or buildings because of their protected class.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
Channeling buyers or renters toward or away from particular neighborhoods or buildings because of their protected class.
Real Estate License Exam Prep: The National Exam, Lesson 9.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.1 (grade 9–12)
stepEnglish
One small part of a bigger job.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 1 Geography: Maps and Journeys, Lesson 9.1 (grade 1)
One small part of a bigger job.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 1 Geography: Maps and Journeys, Lesson 9.1 (grade 1)
stepped-up basisEnglish
The general rule that the basis of property inherited from a decedent is its fair market value on the date of death.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
The general rule that the basis of property inherited from a decedent is its fair market value on the date of death.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
stewardEnglish
A person who takes care of something that belongs to someone else.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +3 more
A person who takes care of something that belongs to someone else.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +3 more
stewardshipEnglish
Managing what belongs to another faithfully and being ready to give an account of it.
Accounting, Lesson 1.5 (grade 9–12) · Economics & the History of Money, Lesson 1.5 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · +3 more
Managing what belongs to another faithfully and being ready to give an account of it.
Accounting, Lesson 1.5 (grade 9–12) · Economics & the History of Money, Lesson 1.5 (grade 11–12) · Entrepreneurship & Sales, Lesson 1.4 (grade 9–12) · +3 more
stewardship reportEnglish
A report to givers showing how their gifts were received and used.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
A report to givers showing how their gifts were received and used.
Grade 8 Business & Finance, Lesson 7.4 (grade 8)
stigmatized propertyEnglish
A property that buyers may avoid for psychological rather than physical reasons, such as a death, crime or rumored event on the premises; disclosure rules vary by state.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
A property that buyers may avoid for psychological rather than physical reasons, such as a death, crime or rumored event on the premises; disclosure rules vary by state.
Real Estate License Exam Prep: The National Exam, Lesson 8.5 (grade 9–12)
stoaEnglish
A long building with a roof held up by a row of columns, where people could shop and talk out of the sun and rain.
Grade 2 Business & Finance, Lesson 3.3 (grade 2)
A long building with a roof held up by a row of columns, where people could shop and talk out of the sun and rain.
Grade 2 Business & Finance, Lesson 3.3 (grade 2)
stockEnglish
The shares of a company, taken together.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 7 Business & Finance, Lesson 8.1 (grade 7) · +3 more
The shares of a company, taken together.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 7.2 (grade 4) · Grade 7 Business & Finance, Lesson 8.1 (grade 7) · +3 more
stock dividendEnglish
A distribution of additional shares instead of cash; it moves an amount from retained earnings to paid-in capital without changing total equity.
Accounting, Lesson 8.4 (grade 9–12)
A distribution of additional shares instead of cash; it moves an amount from retained earnings to paid-in capital without changing total equity.
Accounting, Lesson 8.4 (grade 9–12)
stock exchangeEnglish
A place where people buy and sell shares.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Grade 5 Business & Finance, Lesson 8.3 (grade 5) · +3 more
A place where people buy and sell shares.
Grade 3 Business & Finance, Lesson 8.3 (grade 3) · Grade 4 Business & Finance, Lesson 8.3 (grade 4) · Grade 5 Business & Finance, Lesson 8.3 (grade 5) · +3 more
stock indexEnglish
A number that tracks the prices of a group of stocks to show how the market as a whole is doing, such as the Dow Jones Industrial Average.
Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 8 Business & Finance, Lesson 8.2 (grade 8)
A number that tracks the prices of a group of stocks to show how the market as a whole is doing, such as the Dow Jones Industrial Average.
Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 8 Business & Finance, Lesson 8.2 (grade 8)
stock insurerEnglish
An insurance company owned by stockholders, who supply its capital and receive any dividends the company declares on their shares.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
An insurance company owned by stockholders, who supply its capital and receive any dividends the company declares on their shares.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12)
stock market crashEnglish
A sudden, steep fall in stock prices; in October 1929 the New York market fell sharply on Black Thursday (October 24) and Black Tuesday (October 29).
Economics & the History of Money, Lesson 9.4 (grade 11–12)
A sudden, steep fall in stock prices; in October 1929 the New York market fell sharply on Black Thursday (October 24) and Black Tuesday (October 29).
Economics & the History of Money, Lesson 9.4 (grade 11–12)
stock (share)English
A small piece of ownership in a company. Shareholders may receive part of the profits, called dividends, and the share’s price can rise or fall.
Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 8 Business & Finance, Lesson 8.2 (grade 8) · +1 more
A small piece of ownership in a company. Shareholders may receive part of the profits, called dividends, and the share’s price can rise or fall.
Grade 5 Business & Finance, Lesson 8.3 (grade 5) · Grade 6 Business & Finance, Lesson 8.2 (grade 6) · Grade 8 Business & Finance, Lesson 8.2 (grade 8) · +1 more
stock splitEnglish
A change in the number of shares outstanding with an offsetting change in price, leaving each holder’s total value unchanged.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
A change in the number of shares outstanding with an offsetting change in price, leaving each holder’s total value unchanged.
Investment Adviser Exam Prep: Series 65, Lesson 5.2 (grade 9–12)
stock tickerEnglish
The telegraph-driven machine of 1867 that printed prices on paper tape, letting people far from the exchange floor follow trades in near-real time.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
The telegraph-driven machine of 1867 that printed prices on paper tape, letting people far from the exchange floor follow trades in near-real time.
Investment Adviser Exam Prep: Series 65, Lesson 1.2 (grade 9–12)
stockbrokerEnglish
A person who buys and sells shares for other people and earns a fee.
Grade 4 Business & Finance, Lesson 8.3 (grade 4)
A person who buys and sells shares for other people and earns a fee.
Grade 4 Business & Finance, Lesson 8.3 (grade 4)
stockholders’ (shareholders’) equityEnglish
The owners’ claim in a corporation: paid-in capital (what stockholders invested) plus retained earnings (profits kept in the business).
Accounting, Lesson 8.2 (grade 9–12)
The owners’ claim in a corporation: paid-in capital (what stockholders invested) plus retained earnings (profits kept in the business).
Accounting, Lesson 8.2 (grade 9–12)
stock-market crashEnglish
A sudden, steep fall in the prices of stocks across the market.
Grade 8 Business & Finance, Lesson 5.3 (grade 8)
A sudden, steep fall in the prices of stocks across the market.
Grade 8 Business & Finance, Lesson 5.3 (grade 8)
stop orderEnglish
An order that lies dormant until the stock trades at or through the stop price, then becomes a market order; a sell stop (stop-loss) protects a long position below the market.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
An order that lies dormant until the stock trades at or through the stop price, then becomes a market order; a sell stop (stop-loss) protects a long position below the market.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
stop-limit orderEnglish
A stop order that becomes a limit order (not a market order) when triggered, protecting price but risking no execution in a fast decline.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
A stop order that becomes a limit order (not a market order) when triggered, protecting price but risking no execution in a fast decline.
Investment Adviser Exam Prep: Series 65, Lesson 8.4 (grade 9–12)
storeEnglish
To keep something safe to use later.
Kindergarten Business & Finance, Lesson 8.2 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 6.3 (grade K) · Sports & Games of the World, Lesson 2.3 (grade 4–7) · +2 more
To keep something safe to use later.
Kindergarten Business & Finance, Lesson 8.2 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 6.3 (grade K) · Sports & Games of the World, Lesson 2.3 (grade 4–7) · +2 more
store of valueEnglish
A way of holding purchasing power from the present into the future.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
A way of holding purchasing power from the present into the future.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
STR permit (license)English
Local government permission, where required, to operate a short-term rental, often with safety, parking, occupancy and tax-registration conditions.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
Local government permission, where required, to operate a short-term rental, often with safety, parking, occupancy and tax-registration conditions.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.3 (grade 9–12)
straight-line methodEnglish
A depreciation method that deducts the same amount each full year of the recovery period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
A depreciation method that deducts the same amount each full year of the recovery period.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.1 (grade 9–12)
straight-line rateEnglish
1 ÷ useful life, as a percent (a 5-year life is 20% a year).
Accounting, Lesson 7.2 (grade 9–12)
1 ÷ useful life, as a percent (a 5-year life is 20% a year).
Accounting, Lesson 7.2 (grade 9–12)
stranger-originated life insurance (STOLI)English
An arrangement in which investors with no insurable interest induce a person to take out a policy intending to transfer it to them — prohibited today as the old wager in modern dress.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
An arrangement in which investors with no insurable interest induce a person to take out a policy intending to transfer it to them — prohibited today as the old wager in modern dress.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
strategic asset allocationEnglish
Setting long-term target percentages suited to the investor’s goals and risk tolerance, then rebalancing back to those targets as markets drift.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Setting long-term target percentages suited to the investor’s goals and risk tolerance, then rebalancing back to those targets as markets drift.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
strategy fitEnglish
How well an investment strategy matches the investor’s cash, credit, time, skills, risk tolerance and goals.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
How well an investment strategy matches the investor’s cash, credit, time, skills, risk tolerance and goals.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.5 (grade 9–12)
stress testEnglish
Running a deal under bad but realistic conditions, alone or combined, to see whether it survives.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
Running a deal under bad but realistic conditions, alone or combined, to see whether it survives.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
strict (absolute) liabilityEnglish
Liability imposed without any proof of negligence for abnormally dangerous activities, such as blasting with explosives or keeping wild animals.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
Liability imposed without any proof of negligence for abnormally dangerous activities, such as blasting with explosives or keeping wild animals.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
strict, joint and several, retroactive liabilityEnglish
CERCLA’s liability standard: no proof of fault is needed, any one PRP may be made to pay the whole cost, and it applies to disposal that occurred before the law was passed.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
CERCLA’s liability standard: no proof of fault is needed, any one PRP may be made to pay the whole cost, and it applies to disposal that occurred before the law was passed.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
strike priceEnglish
The fixed price at which the option holder may buy (call) or sell (put) the underlying stock.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
The fixed price at which the option holder may buy (call) or sell (put) the underlying stock.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
STRIPSEnglish
Treasury coupons and principal separated and sold as individual zero-coupon securities, backed by the U.S. government and bought at a discount.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Treasury coupons and principal separated and sold as individual zero-coupon securities, backed by the U.S. government and bought at a discount.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
structured productEnglish
A note built by a bank from bonds and derivatives to offer a customized payoff, often with capped upside and with any “protection” resting on the bank’s own credit.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
A note built by a bank from bonds and derivatives to offer a customized payoff, often with capped upside and with any “protection” resting on the bank’s own credit.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
subagentEnglish
An agent of an agent — historically a cooperating broker who, through the MLS, worked with a buyer but owed fiduciary duties to the seller.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
An agent of an agent — historically a cooperating broker who, through the MLS, worked with a buyer but owed fiduciary duties to the seller.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
subcontractorEnglish
A tradesperson or firm hired by the general contractor (or owner) for one part of the work, such as plumbing or electrical.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
A tradesperson or firm hired by the general contractor (or owner) for one part of the work, such as plumbing or electrical.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.3 (grade 9–12)
subject propertyEnglish
The property being appraised.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
The property being appraised.
Real Estate License Exam Prep: The National Exam, Lesson 4.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.3 (grade 9–12)
subject-toEnglish
A purchase in which the buyer takes title while the seller’s existing loan stays in place in the seller’s name.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
A purchase in which the buyer takes title while the seller’s existing loan stays in place in the seller’s name.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.4 (grade 9–12)
subordinated debentureEnglish
An unsecured bond that stands in line behind all other debt; higher risk, so higher yield.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
An unsecured bond that stands in line behind all other debt; higher risk, so higher yield.
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
subprime mortgageEnglish
A home loan made to a borrower with weak credit, usually at a higher rate.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
A home loan made to a borrower with weak credit, usually at a higher rate.
Personal Finance & Investing, Lesson 8.3 (grade 9–12)
subrogationEnglish
The insurer's right, after paying a loss, to step into the insured's shoes and recover from the third party who caused it — a right the insured must do nothing to impair.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
The insurer's right, after paying a loss, to step into the insured's shoes and recover from the third party who caused it — a right the insured must do nothing to impair.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
subscription rightEnglish
A short-term certificate (typically a few weeks) given to existing shareholders letting them buy new shares below the current market price.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
A short-term certificate (typically a few weeks) given to existing shareholders letting them buy new shares below the current market price.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12)
subsidiary ledgerEnglish
A separate ledger with an account for each customer; its total must equal the Accounts Receivable control account in the general ledger.
Accounting, Lesson 6.1 (grade 9–12)
A separate ledger with an account for each customer; its total must equal the Accounts Receivable control account in the general ledger.
Accounting, Lesson 6.1 (grade 9–12)
subsidized loanEnglish
A federal student loan on which the government pays the interest while the student is in school at least half-time.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
A federal student loan on which the government pays the interest while the student is in school at least half-time.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
substantial performanceEnglish
Performance that departs from the contract only in minor, unintended ways, entitling the performing party to the price less damages for the defects.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
Performance that departs from the contract only in minor, unintended ways, entitling the performing party to the price less damages for the defects.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
substantiationEnglish
Having reliable evidence for a factual claim before you make it.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12)
Having reliable evidence for a factual claim before you make it.
Entrepreneurship & Sales, Lesson 6.4 (grade 9–12)
substituteEnglish
A different product or way of doing the job (sewing by hand instead of by machine).
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 3.3 (grade 3) · Grade 7 Business & Finance, Lesson 3.1 (grade 7) · +3 more
A different product or way of doing the job (sewing by hand instead of by machine).
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12) · Grade 3 Business & Finance, Lesson 3.3 (grade 3) · Grade 7 Business & Finance, Lesson 3.1 (grade 7) · +3 more
substitute and complementEnglish
A substitute is used instead of a good (a horse instead of a car); a complement is used with it (gasoline with a car).
Economics & the History of Money, Lesson 2.1 (grade 11–12)
A substitute is used instead of a good (a horse instead of a car); a complement is used with it (gasoline with a car).
Economics & the History of Money, Lesson 2.1 (grade 11–12)
subsurface rightsEnglish
The rights to the area below the surface, including minerals, oil and gas; also called mineral rights when they concern minerals, and severable from surface rights.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
The rights to the area below the surface, including minerals, oil and gas; also called mineral rights when they concern minerals, and severable from surface rights.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
succession planEnglish
The arrangement for clients’ care if a key person dies or is disabled — the continuity rule’s answer to the one-planner firm.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
The arrangement for clients’ care if a key person dies or is disabled — the continuity rule’s answer to the one-planner firm.
Investment Adviser Exam Prep: Series 65, Lesson 10.5 (grade 9–12)
suicide clauseEnglish
If the insured dies by suicide within a stated period — commonly 2 years from issue — the insurer pays no face amount but refunds the premiums paid.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
If the insured dies by suicide within a stated period — commonly 2 years from issue — the insurer pays no face amount but refunds the premiums paid.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.1 (grade 9–12)
suit to quiet titleEnglish
A court action to remove a cloud and establish who owns the property, used for gaps in the chain, adverse-possession claims and disputed interests.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
A court action to remove a cloud and establish who owns the property, used for gaps in the chain, adverse-possession claims and disputed interests.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
suitabilityEnglish
The requirement that a recommendation reasonably fit the consumer's financial situation, needs and objectives, based on information the producer must actually gather.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
The requirement that a recommendation reasonably fit the consumer's financial situation, needs and objectives, based on information the producer must actually gather.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 1.1 (grade 9–12)
suitability informationEnglish
The facts gathered before a recommendation — commonly age, income, financial situation and needs, objectives, intended use, time horizon, liquidity needs, liquid net worth, risk tolerance, tax status, and existing policies including any replacement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
The facts gathered before a recommendation — commonly age, income, financial situation and needs, objectives, intended use, time horizon, liquidity needs, liquid net worth, risk tolerance, tax status, and existing policies including any replacement.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.5 (grade 9–12)
summary orderEnglish
An order effective immediately and before any hearing — postponing or suspending a registration pending final determination; the respondent gets notice and, on written request, a hearing within 15 days.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
An order effective immediately and before any hearing — postponing or suspending a registration pending final determination; the respondent gets notice and, on written request, a hearing within 15 days.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12)
sunk costEnglish
A cost already paid that cannot be recovered, whatever you decide next.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 1.1 (grade 8) · +1 more
A cost already paid that cannot be recovered, whatever you decide next.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Entrepreneurship & Sales, Lesson 2.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 1.1 (grade 8) · +1 more
supervising brokerEnglish
The broker under whom a new licensee must work; states call this person the managing, principal, designated, employing or supervising broker.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
The broker under whom a new licensee must work; states call this person the managing, principal, designated, employing or supervising broker.
Real Estate License Exam Prep: The National Exam, Lesson 10.4 (grade 9–12)
supervising (managing, designated) brokerEnglish
The licensed broker responsible under state law for supervising the licensees and activities of a brokerage; states use different titles for the role.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
The licensed broker responsible under state law for supervising the licensees and activities of a brokerage; states use different titles for the role.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
supplementary paymentsEnglish
Amounts Part A pays in addition to the limit of liability, such as defense costs, up to $250 for bail bonds, and loss of earnings for attending trials (commonly up to $200 a day).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
Amounts Part A pays in addition to the limit of liability, such as defense costs, up to $250 for bail bonds, and loss of earnings for attending trials (commonly up to $200 a day).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.2 (grade 9–12)
supplierEnglish
A person or business that sells raw materials or goods to another business, like a dairy farmer selling milk.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
A person or business that sells raw materials or goods to another business, like a dairy farmer selling milk.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
suppliesEnglish
The things you need to make your goods, like flour, sugar or paper.
Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · Grade 4 Business & Finance, Lesson 9.2 (grade 4) · +3 more
The things you need to make your goods, like flour, sugar or paper.
Grade 1 Business & Finance, Lesson 9.1 (grade 1) · Grade 2 Business & Finance, Lesson 9.1 (grade 2) · Grade 4 Business & Finance, Lesson 9.2 (grade 4) · +3 more
supplyEnglish
The quantities of a good sellers are willing and able to offer at each possible price, other things being equal.
Economics & the History of Money, Lesson 2.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · +3 more
The quantities of a good sellers are willing and able to offer at each possible price, other things being equal.
Economics & the History of Money, Lesson 2.2 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.3 (grade 1) · Grade 2 Business & Finance, Lesson 3.1 (grade 2) · +3 more
supply chainEnglish
The whole series of suppliers, makers, carriers and sellers that bring a product to the customer.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.3 (grade 6) · Grade 8 Business & Finance, Lesson 1.3 (grade 8) · +1 more
The whole series of suppliers, makers, carriers and sellers that bring a product to the customer.
Entrepreneurship & Sales, Lesson 8.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 4.3 (grade 6) · Grade 8 Business & Finance, Lesson 1.3 (grade 8) · +1 more
supply curveEnglish
A line showing how much sellers will offer at each price; it slopes up, because higher prices encourage more production.
Grade 7 Business & Finance, Lesson 3.1 (grade 7)
A line showing how much sellers will offer at each price; it slopes up, because higher prices encourage more production.
Grade 7 Business & Finance, Lesson 3.1 (grade 7)
supply shifterEnglish
A change other than the good’s own price (input costs, technology, the number of sellers, expectations, taxes or subsidies, weather) that moves the whole supply curve.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
A change other than the good’s own price (input costs, technology, the number of sellers, expectations, taxes or subsidies, weather) that moves the whole supply curve.
Economics & the History of Money, Lesson 2.2 (grade 11–12)
Supreme CourtEnglish
The highest court in the United States, which decides what the Constitution means in cases brought to it.
Grade 4 Business & Finance, Lesson 3.3 (grade 4)
The highest court in the United States, which decides what the Constitution means in cases brought to it.
Grade 4 Business & Finance, Lesson 3.3 (grade 4)
suretyEnglish
The company that guarantees the principal's performance, expects no losses, and holds a right of indemnity to recover from the principal anything it pays.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
The company that guarantees the principal's performance, expects no losses, and holds a right of indemnity to recover from the principal anything it pays.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12)
surety bondEnglish
A three-party agreement in which the surety guarantees to the obligee that the principal will perform an obligation — and pays if the principal fails.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
A three-party agreement in which the surety guarantees to the obligee that the principal will perform an obligation — and pays if the principal fails.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.5 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 9.3 (grade 9–12)
surplusEnglish
A situation in which quantity supplied is greater than quantity demanded at the current price (excess supply).
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 4 Business & Finance, Lesson 3.1 (grade 4) · +2 more
A situation in which quantity supplied is greater than quantity demanded at the current price (excess supply).
Economics & the History of Money, Lesson 2.3 (grade 11–12) · Grade 1 Business & Finance, Lesson 3.1 (grade 1) · Grade 4 Business & Finance, Lesson 3.1 (grade 4) · +2 more
surplus countryEnglish
A country whose saving exceeds its investment, so it runs a current-account surplus and lends abroad.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
A country whose saving exceeds its investment, so it runs a current-account surplus and lends abroad.
Economics & the History of Money, Lesson 11.5 (grade 11–12)
surprise examinationEnglish
The annual unannounced verification of client assets by an independent accountant, required under the custody conventions.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
The annual unannounced verification of client assets by an independent accountant, required under the custody conventions.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
surrender chargeEnglish
A declining back-end fee — commonly running 5 to 10 years in this example — on early withdrawals from a deferred annuity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
A declining back-end fee — commonly running 5 to 10 years in this example — on early withdrawals from a deferred annuity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
surveyEnglish
A set of questions asked to many people to find out what they think or need.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 5 Business & Finance, Lesson 6.2 (grade 5) · Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · +3 more
A set of questions asked to many people to find out what they think or need.
Grade 3 Business & Finance, Lesson 6.2 (grade 3) · Grade 5 Business & Finance, Lesson 6.2 (grade 5) · Real Estate License Exam Prep: The National Exam, Lesson 1.3 (grade 9–12) · +3 more
suspended passive lossEnglish
A rental loss disallowed in earlier years by the passive activity rules and carried forward; generally allowed in full when the taxpayer disposes of the entire interest in a fully taxable transaction to an unrelated person.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
A rental loss disallowed in earlier years by the passive activity rules and carried forward; generally allowed in full when the taxpayer disposes of the entire interest in a fully taxable transaction to an unrelated person.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
suspension and revocationEnglish
Suspension removes a license's authority for a stated time; revocation terminates it, commonly with a waiting period — often one year or more — before the person may reapply.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
Suspension removes a license's authority for a stated time; revocation terminates it, commonly with a waiting period — often one year or more — before the person may reapply.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.1 (grade 9–12)
Suspicious Activity Report (SAR)English
The confidential report filed when a transaction of \$5{,}000 or more (under the convention) is suspected to involve illegal funds; the customer must never be told.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
The confidential report filed when a transaction of \$5{,}000 or more (under the convention) is suspected to involve illegal funds; the customer must never be told.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
sweat equityEnglish
The value an owner adds through unpaid work.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 9.1 (grade 7)
The value an owner adds through unpaid work.
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12) · Grade 7 Business & Finance, Lesson 9.1 (grade 7)
symbolEnglish
A simple picture or mark that stands for something.
Grade 1 Business & Finance, Lesson 6.4 (grade 1) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 3.3 (grade 8) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 8.4 (grade 1) · +3 more
A simple picture or mark that stands for something.
Grade 1 Business & Finance, Lesson 6.4 (grade 1) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 3.3 (grade 8) · Grade 1 Earth Science: Rocks, Water and Weather, Lesson 8.4 (grade 1) · +3 more
syndicEnglish
An official chosen to inspect and manage the affairs of a guild or group.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
An official chosen to inspect and manage the affairs of a guild or group.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
syndicateEnglish
A group of underwriters who share a risk together, each liable for his agreed share — the working unit of Lloyd’s to this day.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12) · Explore Horses and Ponies · Expert, Stop 3.8 (Ages 14+)
A group of underwriters who share a risk together, each liable for his agreed share — the working unit of Lloyd’s to this day.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12) · Explore Horses and Ponies · Expert, Stop 3.8 (Ages 14+)
syndicationEnglish
Pooling money from several passive investors, managed by a sponsor, to buy a larger property; generally a securities offering.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
Pooling money from several passive investors, managed by a sponsor, to buy a larger property; generally a securities offering.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.4 (grade 9–12)
systematic riskEnglish
Risk that affects the entire market or economy — market, interest-rate, inflation, currency and political risk — and cannot be eliminated by diversification.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
Risk that affects the entire market or economy — market, interest-rate, inflation, currency and political risk — and cannot be eliminated by diversification.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
T
T-accountEnglish
A simple sketch of an account shaped like a T, with the account title on top, debits on the left and credits on the right.
Accounting, Lesson 1.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
A simple sketch of an account shaped like a T, with the account title on top, debits on the left and credits on the right.
Accounting, Lesson 1.3 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.1 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
tactical asset allocationEnglish
Deliberately shifting the mix away from targets for the short term to exploit an expected market move — a form of market timing.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Deliberately shifting the mix away from targets for the short term to exploit an expected market move — a form of market timing.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
talentEnglish
In Bible times, a very large amount of silver or gold.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 8 Business & Finance, Lesson 1.4 (grade 8) · Explore Crafts and Making · Ranger, Stop 4.1 (Ages 10–13) · +2 more
In Bible times, a very large amount of silver or gold.
Grade 2 Business & Finance, Lesson 8.3 (grade 2) · Grade 8 Business & Finance, Lesson 1.4 (grade 8) · Explore Crafts and Making · Ranger, Stop 4.1 (Ages 10–13) · +2 more
talk ratioEnglish
The share of a conversation in which the salesperson speaks; good consultative sellers keep it low.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
The share of a conversation in which the salesperson speaks; good consultative sellers keep it low.
Entrepreneurship & Sales, Lesson 7.3 (grade 9–12)
tally markEnglish
A line drawn to count something. Every fifth line crosses the other four.
Grade 1 Business & Finance, Lesson 7.4 (grade 1) · Kindergarten Business & Finance, Lesson 7.3 (grade K) · Grade 2 Geography: Our Country, Coast to Coast, Lesson 9.4 (grade 2) · +3 more
A line drawn to count something. Every fifth line crosses the other four.
Grade 1 Business & Finance, Lesson 7.4 (grade 1) · Kindergarten Business & Finance, Lesson 7.3 (grade K) · Grade 2 Geography: Our Country, Coast to Coast, Lesson 9.4 (grade 2) · +3 more
tally stickEnglish
A stick notched to record a payment and split in half lengthwise, so that each party kept a matching half.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
A stick notched to record a payment and split in half lengthwise, so that each party kept a matching half.
Grade 5 Business & Finance, Lesson 7.4 (grade 5)
target cash flowEnglish
The minimum monthly cash flow an investor requires before making an offer.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
The minimum monthly cash flow an investor requires before making an offer.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
target customerEnglish
The kind of person most likely to need and buy your product or service.
Grade 5 Business & Finance, Lesson 9.1 (grade 5)
The kind of person most likely to need and buy your product or service.
Grade 5 Business & Finance, Lesson 9.1 (grade 5)
target marketEnglish
The specific group of customers a product is designed and promoted for.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6)
The specific group of customers a product is designed and promoted for.
Entrepreneurship & Sales, Lesson 6.1 (grade 9–12) · Grade 6 Business & Finance, Lesson 6.2 (grade 6)
tariffEnglish
A tax on goods brought in from another country.
Grade 7 Business & Finance, Lesson 1.4 (grade 7)
A tax on goods brought in from another country.
Grade 7 Business & Finance, Lesson 1.4 (grade 7)
taxEnglish
Money people pay to their government to pay for its work.
Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Kindergarten Business & Finance, Lesson 2.3 (grade K) · Personal Finance & Investing, Lesson 6.1 (grade 9–12)
Money people pay to their government to pay for its work.
Grade 4 Business & Finance, Lesson 2.3 (grade 4) · Kindergarten Business & Finance, Lesson 2.3 (grade K) · Personal Finance & Investing, Lesson 6.1 (grade 9–12)
tax and insurance burdenEnglish
Annual property taxes plus insurance divided by annual rent; the share of rent that disappears before any other expense.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
Annual property taxes plus insurance divided by annual rent; the share of rent that disappears before any other expense.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.1 (grade 9–12)
tax bracketEnglish
A range of taxable income taxed at a given rate; each rate applies only to the income within its range.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
A range of taxable income taxed at a given rate; each rate applies only to the income within its range.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
tax creditEnglish
An amount subtracted directly from tax owed, worth more dollar for dollar than a deduction.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
An amount subtracted directly from tax owed, worth more dollar for dollar than a deduction.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
tax incidenceEnglish
Who actually bears the burden of a tax, after prices adjust.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
Who actually bears the burden of a tax, after prices adjust.
Economics & the History of Money, Lesson 8.3 (grade 11–12)
tax levy (tax rate)English
The rate a taxing body applies to taxable value, set by dividing the amount it must raise by the total taxable value in its district.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
The rate a taxing body applies to taxable value, set by dividing the amount it must raise by the total taxable value in its district.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
tax lienEnglish
A specific, statutory, involuntary lien for unpaid property taxes or special assessments that takes priority over other liens.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
A specific, statutory, involuntary lien for unpaid property taxes or special assessments that takes priority over other liens.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
tax recordsEnglish
Documents that prove income, deductions and credits: W-2s, 1099s, receipts, statements and copies of returns.
Personal Finance & Investing, Lesson 6.5 (grade 9–12)
Documents that prove income, deductions and credits: W-2s, 1099s, receipts, statements and copies of returns.
Personal Finance & Investing, Lesson 6.5 (grade 9–12)
tax saleEnglish
A public sale of property, or of a lien on it, to collect delinquent taxes, conducted under state law.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
A public sale of property, or of a lien on it, to collect delinquent taxes, conducted under state law.
Real Estate License Exam Prep: The National Exam, Lesson 3.4 (grade 9–12)
taxable incomeEnglish
Income after deductions, on which tax is figured.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
Income after deductions, on which tax is figured.
Personal Finance & Investing, Lesson 6.2 (grade 9–12)
taxable-equivalent yieldEnglish
The yield a taxable bond would need to match a tax-free municipal yield: municipal yield divided by (1 − tax bracket).
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
The yield a taxable bond would need to match a tax-free municipal yield: municipal yield divided by (1 − tax bracket).
Investment Adviser Exam Prep: Series 65, Lesson 4.3 (grade 9–12)
taxationEnglish
The government’s power to levy taxes on real property to raise revenue, enforced by a lien that can lead to a tax sale.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
The government’s power to levy taxes on real property to raise revenue, enforced by a lien that can lead to a tax sale.
Real Estate License Exam Prep: The National Exam, Lesson 3.1 (grade 9–12)
taxes paid in arrears vs. in advanceEnglish
Taxes paid in arrears are paid after the period they cover, so the seller credits the buyer for the seller’s unpaid share; taxes paid in advance were prepaid by the seller, so the buyer credits the seller for the buyer’s share.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
Taxes paid in arrears are paid after the period they cover, so the seller credits the buyer for the seller’s unpaid share; taxes paid in advance were prepaid by the seller, so the buyer credits the seller for the buyer’s share.
Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
T-bar (part–whole–rate)English
A diagram relating part, whole and rate: part = whole × rate; cover the unknown to see whether to multiply or divide.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
A diagram relating part, whole and rate: part = whole × rate; cover the unknown to see whether to multiply or divide.
Real Estate License Exam Prep: The National Exam, Lesson 10.1 (grade 9–12)
teamworkEnglish
People working together, each doing a part, to finish one job.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 1 Physical Education & Health, Lesson 4.2 (grade 1)
People working together, each doing a part, to finish one job.
Grade 1 Business & Finance, Lesson 1.4 (grade 1) · Grade 1 Physical Education & Health, Lesson 4.2 (grade 1)
technical analysisEnglish
The attempt to forecast price movements by studying the market’s own data — prices, volume and patterns — rather than the issuing company’s business.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
The attempt to forecast price movements by studying the market’s own data — prices, volume and patterns — rather than the issuing company’s business.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
telegraphEnglish
An invention of the 1840s that sent messages over wires using electric pulses in a code of dots and dashes.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 1.3 (grade 5) · Grade 4 Earth Science: Weather and Water, Lesson 5.2 (grade 4) · +3 more
An invention of the 1840s that sent messages over wires using electric pulses in a code of dots and dashes.
Grade 4 Business & Finance, Lesson 3.2 (grade 4) · Grade 5 Composition & Creative Writing: Narrative and the Chreia, Lesson 1.3 (grade 5) · Grade 4 Earth Science: Weather and Water, Lesson 5.2 (grade 4) · +3 more
telemarketing hoursEnglish
The federal rule confining telemarketing calls to 8 a.m. through 9 p.m. in the called person's local time.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
The federal rule confining telemarketing calls to 8 a.m. through 9 p.m. in the called person's local time.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.3 (grade 9–12)
Telephone Consumer Protection Act (TCPA)English
Federal law of 1991 restricting telemarketing calls, autodialed and prerecorded calls, texts and fax advertising; enforced by the FCC and through private lawsuits.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
Federal law of 1991 restricting telemarketing calls, autodialed and prerecorded calls, texts and fax advertising; enforced by the FCC and through private lawsuits.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
temporary licenseEnglish
A license issued without examination — commonly for up to 180 days — so that a deceased or disabled producer's business can be serviced or sold, under a sponsor's oversight.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
A license issued without examination — commonly for up to 180 days — so that a deceased or disabled producer's business can be serviced or sold, under a sponsor's oversight.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
temporary (nominal) accountsEnglish
Revenue, expense and drawing accounts, which collect one period’s activity and are closed to capital at the period’s end (Lesson 3.4).
Accounting, Lesson 1.4 (grade 9–12)
Revenue, expense and drawing accounts, which collect one period’s activity and are closed to capital at the period’s end (Lesson 3.4).
Accounting, Lesson 1.4 (grade 9–12)
temporary total disability (TTD)English
The most common indemnity benefit: the worker cannot work at all for a time, and receives the weekly formula benefit until he can.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
The most common indemnity benefit: the worker cannot work at all for a time, and receives the weekly formula benefit until he can.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.5 (grade 9–12)
Ten Hours Act (1847)English
The British law limiting women and young people in textile mills to ten hours a day.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
The British law limiting women and young people in textile mills to ten hours a day.
Economics & the History of Money, Lesson 7.3 (grade 11–12)
tenancy by the entiretyEnglish
A form of co-ownership available only to married couples in states that recognize it, with right of survivorship, in which neither spouse may convey or encumber the property alone.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
A form of co-ownership available only to married couples in states that recognize it, with right of survivorship, in which neither spouse may convey or encumber the property alone.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
tenancy in commonEnglish
Co-ownership in which each owner holds an undivided interest, shares may be unequal, there is no right of survivorship, and each owner may sell, mortgage or will his share.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
Co-ownership in which each owner holds an undivided interest, shares may be unequal, there is no right of survivorship, and each owner may sell, mortgage or will his share.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
tenants in commonEnglish
Co-ownership in fractional interests that need not be equal; at death an owner’s share passes by his will to his estate, not to the co-owner.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
Co-ownership in fractional interests that need not be equal; at death an owner’s share passes by his will to his estate, not to the co-owner.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
term life insuranceEnglish
Pure death protection for a stated period; the benefit is paid only if the insured dies within the term, and the policy builds no cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.5 (grade 9–12)
Pure death protection for a stated period; the benefit is paid only if the insured dies within the term, and the policy builds no cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.2 (grade 9–12) · Personal Finance & Investing, Lesson 5.5 (grade 9–12)
termination for causeEnglish
An insurer's ending of an appointment for misconduct, which the insurer must report to the commissioner — a report that follows the producer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
An insurer's ending of an appointment for misconduct, which the insurer must report to the commissioner — a report that follows the producer.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.2 (grade 9–12)
terms of tradeEnglish
The rate at which one good is exchanged for another.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 8 Business & Finance, Lesson 1.2 (grade 8) · +2 more
The rate at which one good is exchanged for another.
Economics & the History of Money, Lesson 1.4 (grade 11–12) · Grade 6 Business & Finance, Lesson 1.3 (grade 6) · Grade 8 Business & Finance, Lesson 1.2 (grade 8) · +2 more
territoryEnglish
The area, if any, where the franchisor promises not to place another unit (Item 12).
Seven Small Businesses, Lesson 1.6 (grade 9–12) · Explore Animals · Ranger, Stop 1.1 (Ages 10–13) · Sports & Games of the World, Lesson 4.2 (grade 4–7) · +3 more
The area, if any, where the franchisor promises not to place another unit (Item 12).
Seven Small Businesses, Lesson 1.6 (grade 9–12) · Explore Animals · Ranger, Stop 1.1 (Ages 10–13) · Sports & Games of the World, Lesson 4.2 (grade 4–7) · +3 more
testEnglish
Trying something out to see if it works.
Grade 1 Business & Finance, Lesson 6.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 2 Engineering & Physics, Lesson 1.1 (grade 2) · +2 more
Trying something out to see if it works.
Grade 1 Business & Finance, Lesson 6.2 (grade 1) · Grade 2 Business & Finance, Lesson 6.3 (grade 2) · Grade 2 Engineering & Physics, Lesson 1.1 (grade 2) · +2 more
test batchEnglish
A first small batch made to try out a recipe and find the real costs before making a lot.
Grade 3 Business & Finance, Lesson 9.2 (grade 3)
A first small batch made to try out a recipe and find the real costs before making a lot.
Grade 3 Business & Finance, Lesson 9.2 (grade 3)
test marketEnglish
Selling or giving out a new product in a small area first to see how customers respond.
Grade 5 Business & Finance, Lesson 6.2 (grade 5)
Selling or giving out a new product in a small area first to see how customers respond.
Grade 5 Business & Finance, Lesson 6.2 (grade 5)
testate and intestateEnglish
A person who dies with a valid will dies testate, and the estate passes by devise and bequest; one who dies without a will dies intestate, and the estate passes to heirs by the state’s statute of descent.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
A person who dies with a valid will dies testate, and the estate passes by devise and bequest; one who dies without a will dies intestate, and the estate passes to heirs by the state’s statute of descent.
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
testimonialEnglish
A statement by a current client about his experience with the adviser; classically banned in adviser advertising, now permitted only with strict disclosures.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
A statement by a current client about his experience with the adviser; classically banned in adviser advertising, now permitted only with strict disclosures.
Investment Adviser Exam Prep: Series 65, Lesson 10.1 (grade 9–12)
testing vendorEnglish
The company that administers a state’s licensing exams — for most states Pearson VUE, PSI or Prometric; Alabama tests through the University of Alabama, and Kentucky runs its own exams.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
The company that administers a state’s licensing exams — for most states Pearson VUE, PSI or Prometric; Alabama tests through the University of Alabama, and Kentucky runs its own exams.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.5 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.1 (grade 9–12)
thank youEnglish
Words we say to show we are glad for what someone did for us.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
Words we say to show we are glad for what someone did for us.
Kindergarten Business & Finance, Lesson 4.4 (grade K)
thankfulEnglish
Glad and grateful for what you have been given.
Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Kindergarten Cooking & Food, Lesson 6.4 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 8.4 (grade K)
Glad and grateful for what you have been given.
Grade 1 Business & Finance, Lesson 9.4 (grade 1) · Kindergarten Cooking & Food, Lesson 6.4 (grade K) · Kindergarten Earth Science: God Made the Ground and Sky, Lesson 8.4 (grade K)
The Appraisal FoundationEnglish
A nonprofit organization founded in 1987 and authorized by Congress through FIRREA to set appraisal standards (USPAP) and minimum appraiser qualifications.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
A nonprofit organization founded in 1987 and authorized by Congress through FIRREA to set appraisal standards (USPAP) and minimum appraiser qualifications.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
the askEnglish
The specific request at the end of a pitch (money, advice, a decision, an order).
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.4 (grade 8)
The specific request at the end of a pitch (money, advice, a decision, an order).
Entrepreneurship & Sales, Lesson 10.5 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.4 (grade 8)
the four P’sEnglish
Product (what you sell), price (what you charge), place (where and how customers can get it) and promotion (how you tell them about it).
Grade 6 Business & Finance, Lesson 6.3 (grade 6)
Product (what you sell), price (what you charge), place (where and how customers can get it) and promotion (how you tell them about it).
Grade 6 Business & Finance, Lesson 6.3 (grade 6)
thesisEnglish
The main claim a paper argues, stated clearly early on.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 1.1 (grade 10) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.4 (grade 10) · +3 more
The main claim a paper argues, stated clearly early on.
Economics & the History of Money, Lesson 10.5 (grade 11–12) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 1.1 (grade 10) · Grade 10 Composition & Creative Writing: Thesis II and the Proposal of Law, Lesson 6.4 (grade 10) · +3 more
threshold rebalancingEnglish
Rebalancing whenever an asset’s weight drifts a set distance from target, such as five percentage points, regardless of the date.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
Rebalancing whenever an asset’s weight drifts a set distance from target, such as five percentage points, regardless of the date.
Investment Adviser Exam Prep: Series 65, Lesson 8.3 (grade 9–12)
thriftEnglish
Using money and things carefully, without waste.
Grade 3 Business & Finance, Lesson 8.1 (grade 3)
Using money and things carefully, without waste.
Grade 3 Business & Finance, Lesson 8.1 (grade 3)
throughputEnglish
Units completed per hour (or day).
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 3.3 (grade 9–12)
Units completed per hour (or day).
Entrepreneurship & Sales, Lesson 8.1 (grade 9–12) · Engineering Design, Robotics & Drones, Lesson 3.3 (grade 9–12)
tie-in arrangementEnglish
Conditioning the sale of one product or service on the buyer’s purchase of another, such as selling a lot only if the buyer lists or builds with a particular firm.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
Conditioning the sale of one product or service on the buyer’s purchase of another, such as selling a lot only if the buyer lists or builds with a particular firm.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12)
tight (restrictive) moneyEnglish
Policy that shrinks money and credit — the Fed sells securities, raises rates — to cool inflation.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
Policy that shrinks money and credit — the Fed sells securities, raises rates — to cool inflation.
Investment Adviser Exam Prep: Series 65, Lesson 2.3 (grade 9–12)
time and a halfEnglish
Pay of 1.5 times the regular hourly wage.
Grade 6 Business & Finance, Lesson 5.4 (grade 6)
Pay of 1.5 times the regular hourly wage.
Grade 6 Business & Finance, Lesson 5.4 (grade 6)
time horizonEnglish
How long until the money will be needed.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
How long until the money will be needed.
Personal Finance & Investing, Lesson 7.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 7.1 (grade 9–12)
time is of the essenceEnglish
A contract clause making its deadlines strictly binding, so that failure to perform by a stated date is a breach.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
A contract clause making its deadlines strictly binding, so that failure to perform by a stated date is a breach.
Real Estate License Exam Prep: The National Exam, Lesson 7.2 (grade 9–12)
time limit on certain defensesEnglish
After the policy has been in force two years (commonly), the insurer may not void it or deny a claim for misstatements in the application, except fraudulent misstatements — health insurance's incontestability clause.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
After the policy has been in force two years (commonly), the insurer may not void it or deny a claim for misstatements in the application, except fraudulent misstatements — health insurance's incontestability clause.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
time (market conditions) adjustmentEnglish
An adjustment for price changes in the market between a comp’s sale date and today.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
An adjustment for price changes in the market between a comp’s sale date and today.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.4 (grade 9–12)
time valueEnglish
The part of the premium above intrinsic value, paid for the chance that the stock moves before expiration; it shrinks to zero at expiry.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
The part of the premium above intrinsic value, paid for the chance that the stock moves before expiration; it shrinks to zero at expiry.
Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12)
time value of moneyEnglish
A dollar today is worth more than a dollar in the future, because today’s dollar can be invested to earn interest.
Accounting, Lesson 10.4 (grade 9–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · Personal Finance & Investing, Lesson 7.1 (grade 9–12) · +1 more
A dollar today is worth more than a dollar in the future, because today’s dollar can be invested to earn interest.
Accounting, Lesson 10.4 (grade 9–12) · Grade 8 Business & Finance, Lesson 8.1 (grade 8) · Personal Finance & Investing, Lesson 7.1 (grade 9–12) · +1 more
time-and-price exceptionEnglish
Choosing only when or at what price to execute an order the client has fully specified is not discretion and needs no written authority.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
Choosing only when or at what price to execute an order the client has fully specified is not discretion and needs no written authority.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
time-of-application rule (life)English
In life insurance, insurable interest must exist when the policy is issued — at application — and need not exist at the time of death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
In life insurance, insurable interest must exist when the policy is issued — at application — and need not exist at the time of death.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
time-of-loss rule (property)English
In property and casualty insurance, insurable interest must exist at the time of the loss; without it, nothing of the claimant’s was lost.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
In property and casualty insurance, insurable interest must exist at the time of the loss; without it, nothing of the claimant’s was lost.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
times interest earnedEnglish
Operating income (earnings before interest and taxes) ÷ interest expense: how many times interest is covered.
Accounting, Lesson 9.1 (grade 9–12)
Operating income (earnings before interest and taxes) ÷ interest expense: how many times interest is covered.
Accounting, Lesson 9.1 (grade 9–12)
timeshareEnglish
The right to use a property for a stated period each year, held either as a timeshare estate (fee ownership of an interval) or a timeshare use (a right to use with no ownership).
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
The right to use a property for a stated period each year, held either as a timeshare estate (fee ownership of an interval) or a timeshare use (a right to use with no ownership).
Real Estate License Exam Prep: The National Exam, Lesson 2.4 (grade 9–12)
time-weighted returnEnglish
The return of the portfolio itself, computed so that deposits and withdrawals do not distort it — the standard for judging and comparing managers and funds.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
The return of the portfolio itself, computed so that deposits and withdrawals do not distort it — the standard for judging and comparing managers and funds.
Investment Adviser Exam Prep: Series 65, Lesson 8.5 (grade 9–12)
tipper and tippeeEnglish
The insider who passes material nonpublic information and the receiver who trades on it — both are liable.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
The insider who passes material nonpublic information and the receiver who trades on it — both are liable.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
TIPSEnglish
Treasury Inflation-Protected Securities: the principal adjusts with the Consumer Price Index and the fixed coupon rate is paid on the adjusted principal.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Treasury Inflation-Protected Securities: the principal adjusts with the Consumer Price Index and the fixed coupon rate is paid on the adjusted principal.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
titheEnglish
One tenth of what you earn, given to God.
Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +3 more
One tenth of what you earn, given to God.
Grade 2 Business & Finance, Lesson 8.4 (grade 2) · Grade 3 Business & Finance, Lesson 8.4 (grade 3) · Grade 4 Business & Finance, Lesson 8.4 (grade 4) · +3 more
titleEnglish
Legal evidence of ownership, such as a deed recorded in a public office.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 3.4 (grade 3) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 8.2 (grade 3) · +3 more
Legal evidence of ownership, such as a deed recorded in a public office.
Economics & the History of Money, Lesson 8.1 (grade 11–12) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 3.4 (grade 3) · Grade 3 Composition & Creative Writing: The Fable and the First Story, Lesson 8.2 (grade 3) · +3 more
title and escrowEnglish
The services that search the public records for liens and defects, insure the title, hold funds and documents, and close the sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
The services that search the public records for liens and defects, insure the title, hold funds and documents, and close the sale.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.5 (grade 9–12)
Title III (ADA)English
The part of the ADA requiring places of public accommodation, such as brokerage and leasing offices, to be accessible and to remove existing barriers where readily achievable.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
The part of the ADA requiring places of public accommodation, such as brokerage and leasing offices, to be accessible and to remove existing barriers where readily achievable.
Real Estate License Exam Prep: The National Exam, Lesson 9.2 (grade 9–12)
title insuranceEnglish
A policy, bought with a one-time premium at closing, indemnifying the insured against loss from title defects that existed on the policy date and are not excepted.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
A policy, bought with a one-time premium at closing, indemnifying the insured against loss from title defects that existed on the policy date and are not excepted.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
tollEnglish
A fee paid to use a road, bridge or canal.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 3.5 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 9.2 (grade 8)
A fee paid to use a road, bridge or canal.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 3.5 (grade 9–12) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 9.2 (grade 8)
top-down analysisEnglish
Starting from the economy, then picking promising industries, then companies; bottom-up reverses the order, starting with the individual business.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Starting from the economy, then picking promising industries, then companies; bottom-up reverses the order, starting with the individual business.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Torrens systemEnglish
A land-registration system in which a court proceeding establishes title and a registrar issues a certificate of title that itself is the evidence of ownership.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
A land-registration system in which a court proceeding establishes title and a registrar issues a certificate of title that itself is the evidence of ownership.
Real Estate License Exam Prep: The National Exam, Lesson 6.4 (grade 9–12)
tortEnglish
A civil wrong against a person or property, other than breach of contract, for which the law awards money damages.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
A civil wrong against a person or property, other than breach of contract, for which the law awards money damages.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12)
totalEnglish
The full amount, after everything is added up.
Grade 2 Business & Finance, Lesson 7.4 (grade 2) · Kindergarten Business & Finance, Lesson 7.2 (grade K)
The full amount, after everything is added up.
Grade 2 Business & Finance, Lesson 7.4 (grade 2) · Kindergarten Business & Finance, Lesson 7.2 (grade K)
total addressable market (TAM)English
The total yearly spending on the job you serve, if everyone who could buy did.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
The total yearly spending on the job you serve, if everyone who could buy did.
Entrepreneurship & Sales, Lesson 3.3 (grade 9–12)
total cost of ownershipEnglish
Purchase price plus all costs of using and keeping an item (fuel, repairs, supplies, insurance) minus what it can be sold for later.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Personal Finance & Investing, Lesson 9.1 (grade 9–12)
Purchase price plus all costs of using and keeping an item (fuel, repairs, supplies, insurance) minus what it can be sold for later.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Personal Finance & Investing, Lesson 9.1 (grade 9–12)
total costsEnglish
All the money spent to make and sell the product.
Grade 3 Business & Finance, Lesson 9.4 (grade 3) · Grade 4 Business & Finance, Lesson 9.4 (grade 4)
All the money spent to make and sell the product.
Grade 3 Business & Finance, Lesson 9.4 (grade 3) · Grade 4 Business & Finance, Lesson 9.4 (grade 4)
total factor productivityEnglish
Output beyond what capital and labor alone explain, reflecting technology and organization.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
Output beyond what capital and labor alone explain, reflecting technology and organization.
Economics & the History of Money, Lesson 10.4 (grade 11–12)
total lossEnglish
A loss settled by paying the car's ACV because repair would cost more than the car is worth; the insurer then takes the salvage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
A loss settled by paying the car's ACV because repair would cost more than the car is worth; the insurer then takes the salvage.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
total returnEnglish
The dividends or interest received plus the change in price, as a percent of what was paid.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +1 more
The dividends or interest received plus the change in price, as a percent of what was paid.
Grade 7 Business & Finance, Lesson 8.1 (grade 7) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.3 (grade 9–12) · +1 more
total revenueEnglish
Price times quantity sold: the total money sellers receive and buyers spend.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
Price times quantity sold: the total money sellers receive and buyers spend.
Economics & the History of Money, Lesson 2.4 (grade 11–12) · Grade 4 Business & Finance, Lesson 9.4 (grade 4) · Grade 6 Business & Finance, Lesson 3.1 (grade 6)
total salesEnglish
All the money taken in from customers.
Grade 3 Business & Finance, Lesson 9.4 (grade 3)
All the money taken in from customers.
Grade 3 Business & Finance, Lesson 9.4 (grade 3)
townEnglish
A place where many families live and work near each other.
Kindergarten Business & Finance, Lesson 1.3 (grade K) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 1.4 (grade K) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 6.1 (grade K)
A place where many families live and work near each other.
Kindergarten Business & Finance, Lesson 1.3 (grade K) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 1.4 (grade K) · Kindergarten Geography: God Made the Earth: My First Maps, Lesson 6.1 (grade K)
townshipEnglish
A square of land six miles on each side (36 square miles), divided into 36 sections.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
A square of land six miles on each side (36 square miles), divided into 36 sections.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 1.4 (grade 4) · Geography and History: Why Borders Fall Where They Do, Lesson 10.2 (grade 9–12)
township tierEnglish
An east–west row of townships, six miles high, numbered north or south of a base line; also called a township line or tier.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
An east–west row of townships, six miles high, numbered north or south of a base line; also called a township line or tier.
Real Estate License Exam Prep: The National Exam, Lesson 1.4 (grade 9–12)
towpathEnglish
A path beside a canal where mules or horses walked, pulling boats along with a rope.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 6.1 (grade 4) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 6.1 (grade 8) · +1 more
A path beside a canal where mules or horses walked, pulling boats along with a rope.
Grade 4 Business & Finance, Lesson 3.4 (grade 4) · Grade 4 Geography: The United States: Regions, Rivers and Routes, Lesson 6.1 (grade 4) · Grade 8 Geography: Rivers, Ports and Straits, Lesson 6.1 (grade 8) · +1 more
toy makerEnglish
A person who makes toys to sell.
Kindergarten Business & Finance, Lesson 4.3 (grade K)
A person who makes toys to sell.
Kindergarten Business & Finance, Lesson 4.3 (grade K)
tradeEnglish
Giving something and getting something back.
Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Grade 3 Business & Finance, Lesson 1.4 (grade 3) · +3 more
Giving something and getting something back.
Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.2 (grade 2) · Grade 3 Business & Finance, Lesson 1.4 (grade 3) · +3 more
trade creditEnglish
Time a supplier allows before its bill must be paid (for example, 30 days).
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12)
Time a supplier allows before its bill must be paid (for example, 30 days).
Entrepreneurship & Sales, Lesson 5.1 (grade 9–12)
trade deficitEnglish
The amount by which a country’s imports of goods and services exceed its exports in a period.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
The amount by which a country’s imports of goods and services exceed its exports in a period.
Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
trade fixtureEnglish
An item a commercial tenant installs for use in the tenant’s business; it remains the tenant’s personal property and may be removed before the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
An item a commercial tenant installs for use in the tenant’s business; it remains the tenant’s personal property and may be removed before the lease ends.
Real Estate License Exam Prep: The National Exam, Lesson 1.1 (grade 9–12)
trade routeEnglish
A path that traders use again and again to carry goods from one place to another.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 5 Business & Finance, Lesson 1.4 (grade 5) · Grade 3 Cooking & Food, Lesson 7.2 (grade 3) · +2 more
A path that traders use again and again to carry goods from one place to another.
Grade 2 Business & Finance, Lesson 1.4 (grade 2) · Grade 5 Business & Finance, Lesson 1.4 (grade 5) · Grade 3 Cooking & Food, Lesson 7.2 (grade 3) · +2 more
trade secretEnglish
Valuable business information kept confidential, such as a recipe or process.
Entrepreneurship & Sales, Lesson 9.2 (grade 9–12)
Valuable business information kept confidential, such as a recipe or process.
Entrepreneurship & Sales, Lesson 9.2 (grade 9–12)
trade unionEnglish
An organization of workers in a trade or industry who join together to bargain with employers over wages, hours and working conditions.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
An organization of workers in a trade or industry who join together to bargain with employers over wages, hours and working conditions.
Grade 6 Business & Finance, Lesson 5.3 (grade 6)
trade-offEnglish
Giving up some of one thing to get more of another.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +3 more
Giving up some of one thing to get more of another.
Economics & the History of Money, Lesson 1.1 (grade 11–12) · Grade 2 Business & Finance, Lesson 1.3 (grade 2) · Grade 4 Business & Finance, Lesson 1.1 (grade 4) · +3 more
trading authorization (power of attorney)English
Written authority allowing a third party to direct trading in a client’s account; a general power of attorney over assets creates custody.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
Written authority allowing a third party to direct trading in a client’s account; a general power of attorney over assets creates custody.
Investment Adviser Exam Prep: Series 65, Lesson 10.3 (grade 9–12)
trading postEnglish
A store in a faraway place where traders swap goods with the people who live nearby.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 6 Business & Finance, Lesson 4.1 (grade 6)
A store in a faraway place where traders swap goods with the people who live nearby.
Grade 2 Business & Finance, Lesson 4.1 (grade 2) · Grade 6 Business & Finance, Lesson 4.1 (grade 6)
traditional and RothEnglish
Traditional accounts give a tax break now and are taxed at withdrawal; Roth accounts are funded with taxed money and qualified withdrawals are tax-free.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
Traditional accounts give a tax break now and are taxed at withdrawal; Roth accounts are funded with taxed money and qualified withdrawals are tax-free.
Personal Finance & Investing, Lesson 10.1 (grade 9–12)
traditional IRAEnglish
An individual retirement account funded with contributions that may be tax-deductible; earnings grow tax-deferred, and withdrawals are taxed as ordinary income.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
An individual retirement account funded with contributions that may be tax-deductible; earnings grow tax-deferred, and withdrawals are taxed as ordinary income.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
tragedy of the commonsEnglish
The overuse of a resource that everyone may use and no one owns, because each user bears only part of the cost of his use.
Economics & the History of Money, Lesson 8.1 (grade 11–12)
The overuse of a resource that everyone may use and no one owns, because each user bears only part of the cost of his use.
Economics & the History of Money, Lesson 8.1 (grade 11–12)
transactionEnglish
An event that changes the assets, liabilities or equity of a business and can be measured in money.
Accounting, Lesson 1.2 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · Grade 5 Business & Finance, Lesson 7.1 (grade 5)
An event that changes the assets, liabilities or equity of a business and can be measured in money.
Accounting, Lesson 1.2 (grade 9–12) · Grade 4 Business & Finance, Lesson 7.1 (grade 4) · Grade 5 Business & Finance, Lesson 7.1 (grade 5)
transaction broker (facilitator)English
A licensee who assists one or both parties without representing either as an agent, owing duties such as honesty, reasonable care and accounting, as state law defines.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
A licensee who assists one or both parties without representing either as an agent, owing duties such as honesty, reasonable care and accounting, as state law defines.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
transaction recordEnglish
A written record of each sale or expense: date, item, amount, method of payment.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
A written record of each sale or expense: date, item, amount, method of payment.
Entrepreneurship & Sales, Lesson 10.2 (grade 9–12)
transfer on death (TOD)English
A registration naming who receives a security or account at the owner’s death, passing it outside probate while the owner keeps full lifetime control.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A registration naming who receives a security or account at the owner’s death, passing it outside probate while the owner keeps full lifetime control.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
transfer taxEnglish
A state or local tax on the conveyance of real property, commonly charged per $500 or $1,000 of price; rates and who pays vary by place.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
A state or local tax on the conveyance of real property, commonly charged per $500 or $1,000 of price; rates and who pays vary by place.
Real Estate License Exam Prep: The National Exam, Lesson 10.2 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 6.5 (grade 9–12)
transferable development rightsEnglish
Unused rights to build on one parcel — often unused air rights — that local law allows to be sold and used on another parcel.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
Unused rights to build on one parcel — often unused air rights — that local law allows to be sold and used on another parcel.
Real Estate License Exam Prep: The National Exam, Lesson 1.5 (grade 9–12)
transient occupancyEnglish
A stay short enough to be treated like a hotel stay rather than a tenancy; in many places stays under 30 days are treated this way.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
A stay short enough to be treated like a hotel stay rather than a tenancy; in many places stays under 30 days are treated this way.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
transport costEnglish
The cost of moving goods from producer to buyer, including loading, shipping, insurance and time.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.5 (grade 9–12)
The cost of moving goods from producer to buyer, including loading, shipping, insurance and time.
Economics & the History of Money, Lesson 10.1 (grade 11–12) · Geography and Commerce: Sea Lanes, Straits and Trade Routes, Lesson 1.5 (grade 9–12)
transportation costEnglish
What it costs to move goods from where they are made to where they are sold.
Grade 4 Business & Finance, Lesson 3.4 (grade 4)
What it costs to move goods from where they are made to where they are sold.
Grade 4 Business & Finance, Lesson 3.4 (grade 4)
transportation expensesEnglish
A small Part D allowance (commonly about $20 a day up to $600, in this example) for substitute transportation after a covered theft or, by endorsement, other losses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
A small Part D allowance (commonly about $20 a day up to $600, in this example) for substitute transportation after a covered theft or, by endorsement, other losses.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
transpositionEnglish
An error in which two digits are reversed, such as 540 written as 450. The difference is always divisible by 9.
Accounting, Lesson 2.5 (grade 9–12)
An error in which two digits are reversed, such as 540 written as 450. The difference is always divisible by 9.
Accounting, Lesson 2.5 (grade 9–12)
transposition errorEnglish
A mistake in which two digits are switched, such as writing 68 for 86. The difference is always divisible by 9.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
A mistake in which two digits are switched, such as writing 68 for 86. The difference is always divisible by 9.
Grade 6 Business & Finance, Lesson 7.2 (grade 6)
travel nurseEnglish
A nurse who takes temporary assignments at hospitals away from home, commonly about thirteen weeks long, and needs furnished housing for that time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
A nurse who takes temporary assignments at hospitals away from home, commonly about thirteen weeks long, and needs furnished housing for that time.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 7.4 (grade 9–12)
treasure fleetEnglish
The convoys of Spanish ships, guarded by warships, that carried silver and goods between Spain and its American colonies.
Grade 7 Business & Finance, Lesson 2.1 (grade 7)
The convoys of Spanish ships, guarded by warships, that carried silver and goods between Spain and its American colonies.
Grade 7 Business & Finance, Lesson 2.1 (grade 7)
Treasury bill (T-bill)English
A U.S. government obligation of one year or less, sold at a discount from face value and paying no coupon; the interest is the difference.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
A U.S. government obligation of one year or less, sold at a discount from face value and paying no coupon; the interest is the difference.
Investment Adviser Exam Prep: Series 65, Lesson 4.1 (grade 9–12)
Treasury bondEnglish
The Treasury’s long instrument, 20 or 30 years, paying a fixed semiannual coupon.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
The Treasury’s long instrument, 20 or 30 years, paying a fixed semiannual coupon.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
Treasury noteEnglish
A U.S. Treasury obligation maturing in 2 to 10 years, paying a fixed coupon semiannually.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
A U.S. Treasury obligation maturing in 2 to 10 years, paying a fixed coupon semiannually.
Investment Adviser Exam Prep: Series 65, Lesson 4.2 (grade 9–12)
trendlineEnglish
A straight line drawn along a chart’s successive lows (uptrend) or highs (downtrend) to show the market’s prevailing direction.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
A straight line drawn along a chart’s successive lows (uptrend) or highs (downtrend) to show the market’s prevailing direction.
Investment Adviser Exam Prep: Series 65, Lesson 5.5 (grade 9–12)
trial balanceEnglish
A list of every ledger account and its balance at one date, with debit balances in one column and credit balances in another, whose totals must be equal.
Accounting, Lesson 2.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.2 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
A list of every ledger account and its balance at one date, with debit balances in one column and credit balances in another, whose totals must be equal.
Accounting, Lesson 2.4 (grade 9–12) · Grade 6 Business & Finance, Lesson 7.2 (grade 6) · Grade 7 Business & Finance, Lesson 7.1 (grade 7)
TRID (TILA-RESPA Integrated Disclosure) ruleEnglish
The CFPB rule, effective October 3, 2015, that combined the TILA and RESPA mortgage disclosures into the Loan Estimate and the Closing Disclosure.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The CFPB rule, effective October 3, 2015, that combined the TILA and RESPA mortgage disclosures into the Loan Estimate and the Closing Disclosure.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
triggering termsEnglish
Specific credit terms in an advertisement — the down payment, the number of payments or period of repayment, the amount of any payment, or the amount of any finance charge — that require full disclosure.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
Specific credit terms in an advertisement — the down payment, the number of payments or period of repayment, the amount of any payment, or the amount of any finance charge — that require full disclosure.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
troughEnglish
The low point of activity before an expansion begins.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12) · Grade 2 Earth Science: The Earth's Surface, Lesson 6.2 (grade 2)
The low point of activity before an expansion begins.
Economics & the History of Money, Lesson 9.3 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.1 (grade 9–12) · Grade 2 Earth Science: The Earth's Surface, Lesson 6.2 (grade 2)
trustEnglish
In business history, a group of companies controlled together by one board, often to avoid competition.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 7 Business & Finance, Lesson 4.3 (grade 7) · Grade 8 Business & Finance, Lesson 3.2 (grade 8) · +3 more
In business history, a group of companies controlled together by one board, often to avoid competition.
Grade 4 Business & Finance, Lesson 5.3 (grade 4) · Grade 7 Business & Finance, Lesson 4.3 (grade 7) · Grade 8 Business & Finance, Lesson 3.2 (grade 8) · +3 more
trust (charitable)English
Money or property given and set aside to be managed for a good purpose, such as a school, forever.
Grade 5 Business & Finance, Lesson 4.4 (grade 5)
Money or property given and set aside to be managed for a good purpose, such as a school, forever.
Grade 5 Business & Finance, Lesson 4.4 (grade 5)
trust companyEnglish
A financial firm that managed estates and took deposits, often with fewer rules and smaller reserves than banks before 1907.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
A financial firm that managed estates and took deposits, often with fewer rules and smaller reserves than banks before 1907.
Economics & the History of Money, Lesson 5.3 (grade 11–12)
trust (escrow) accountEnglish
A separate account at a depository institution, titled as a trust account, in which a broker holds money belonging to others, such as earnest money, rents and security deposits.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
A separate account at a depository institution, titled as a trust account, in which a broker holds money belonging to others, such as earnest money, rents and security deposits.
Real Estate License Exam Prep: The National Exam, Lesson 9.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.5 (grade 9–12)
trustee-to-trustee transferEnglish
Moving retirement money directly between custodians without the owner touching it; unlimited in number and free of withholding.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
Moving retirement money directly between custodians without the owner touching it; unlimited in number and free of withholding.
Investment Adviser Exam Prep: Series 65, Lesson 7.3 (grade 9–12)
Truth in Lending Act (TILA)English
The 1968 federal law, Title I of the Consumer Credit Protection Act, requiring lenders to disclose the cost of consumer credit in standard terms before the borrower is bound.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
The 1968 federal law, Title I of the Consumer Credit Protection Act, requiring lenders to disclose the cost of consumer credit in standard terms before the borrower is bound.
Real Estate License Exam Prep: The National Exam, Lesson 6.1 (grade 9–12)
turnaroundEnglish
The rescue of a failing business by cutting losses, refocusing and returning to profit.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
The rescue of a failing business by cutting losses, refocusing and returning to profit.
Grade 8 Business & Finance, Lesson 4.4 (grade 8)
turnoutEnglish
The old word for a group of workers walking off the job together to object to a change, as some Lowell workers did in 1834 and 1836.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
The old word for a group of workers walking off the job together to object to a change, as some Lowell workers did in 1834 and 1836.
Grade 6 Business & Finance, Lesson 5.1 (grade 6)
turnoverEnglish
How many times a year an asset is converted: receivables collected, or inventory sold and replaced.
Accounting, Lesson 9.1 (grade 9–12) · Economics & the History of Money, Lesson 7.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · +3 more
How many times a year an asset is converted: receivables collected, or inventory sold and replaced.
Accounting, Lesson 9.1 (grade 9–12) · Economics & the History of Money, Lesson 7.2 (grade 11–12) · Grade 5 Business & Finance, Lesson 4.3 (grade 5) · +3 more
turnover costsEnglish
The cleaning, painting, repairs, advertising and screening costs of preparing a unit for a new tenant.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
The cleaning, painting, repairs, advertising and screening costs of preparing a unit for a new tenant.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12)
twistingEnglish
Misrepresentation — of either the old policy or the new — used to induce a policyholder to lapse, surrender or replace insurance, commonly to the policyholder's harm.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Misrepresentation — of either the old policy or the new — used to induce a policyholder to lapse, surrender or replace insurance, commonly to the policyholder's harm.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
two-factor authenticationEnglish
A login that requires a second proof, such as a code sent to your phone, in addition to a password.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
A login that requires a second proof, such as a code sent to your phone, in addition to a password.
Personal Finance & Investing, Lesson 3.5 (grade 9–12)
two-person countEnglish
Counting cash with two people present who both sign the count, to prevent mistakes and suspicion.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
Counting cash with two people present who both sign the count, to prevent mistakes and suspicion.
Grade 7 Business & Finance, Lesson 9.3 (grade 7)
U
UM property damage (UMPD)English
An optional or state-specific extension paying for damage to the insured's car caused by an uninsured driver; bodily injury is UM's core everywhere, UMPD only in some states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
An optional or state-specific extension paying for damage to the insured's car caused by an uninsured driver; bodily injury is UM's core everywhere, UMPD only in some states.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
umbrella policyEnglish
Personal excess liability insurance that pays above the limits of underlying policies, and sometimes for claims they exclude, after the underlying limits are exhausted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
Personal excess liability insurance that pays above the limits of underlying policies, and sometimes for claims they exclude, after the underlying limits are exhausted.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.4 (grade 9–12)
unadjusted trial balanceEnglish
The trial balance prepared from the ledger before end-of-period adjusting entries (Unit 3).
Accounting, Lesson 2.4 (grade 9–12)
The trial balance prepared from the ledger before end-of-period adjusting entries (Unit 3).
Accounting, Lesson 2.4 (grade 9–12)
unauthorized practice of lawEnglish
Drafting legal documents or giving legal advice without a law license; licensees may fill in blanks on approved forms but may not draft legal clauses.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
Drafting legal documents or giving legal advice without a law license; licensees may fill in blanks on approved forms but may not draft legal clauses.
Real Estate License Exam Prep: The National Exam, Lesson 7.3 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
unauthorized tradingEnglish
Placing an order in a client’s account without authority — no discretion granted and no client instruction.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
Placing an order in a client’s account without authority — no discretion granted and no client instruction.
Investment Adviser Exam Prep: Series 65, Lesson 10.4 (grade 9–12)
uncertaintyEnglish
Not knowing what a price, a sale or a result will be. Cantillon’s entrepreneur buys at a known price to sell at an unknown one.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 8.4 (grade 8) · Physics, Lesson 1.3 (grade 11–12)
Not knowing what a price, a sale or a result will be. Cantillon’s entrepreneur buys at a known price to sell at an unknown one.
Entrepreneurship & Sales, Lesson 1.1 (grade 9–12) · Grade 8 Engineering & Physics, Lesson 8.4 (grade 8) · Physics, Lesson 1.3 (grade 11–12)
underground storage tank (UST)English
A tank, with its piping, at least 10% of whose volume is underground, used to store petroleum or hazardous substances; leaks can contaminate soil and groundwater.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
A tank, with its piping, at least 10% of whose volume is underground, used to store petroleum or hazardous substances; leaks can contaminate soil and groundwater.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
underinsured motorist (UIM) coverageEnglish
Coverage that fills the gap when the at-fault driver's liability limits are too small to pay the insured's full damages, up to the UIM limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
Coverage that fills the gap when the at-fault driver's liability limits are too small to pay the insured's full damages, up to the UIM limit.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
underlying limitsEnglish
The minimum auto and homeowners liability limits the umbrella insurer requires the insured to carry and maintain beneath the umbrella — commonly 250/500 or a $300,000 CSL on the auto, in this example.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
The minimum auto and homeowners liability limits the umbrella insurer requires the insured to carry and maintain beneath the umbrella — commonly 250/500 or a $300,000 CSL on the auto, in this example.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.4 (grade 9–12)
underwater (negative equity)English
The condition of owing more on a property than it is worth.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
The condition of owing more on a property than it is worth.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 1.2 (grade 9–12)
underwriterEnglish
A person or company that agrees to bear a risk in return for a premium; originally, one who wrote his name under the description of a voyage.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · +2 more
A person or company that agrees to bear a risk in return for a premium; originally, one who wrote his name under the description of a voyage.
Grade 8 Business & Finance, Lesson 8.4 (grade 8) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.2 (grade 9–12) · Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12) · +2 more
underwritingEnglish
The insurer’s process of evaluating, selecting, classifying and pricing risks so that each class pays premiums matching the losses it brings to the pool.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
The insurer’s process of evaluating, selecting, classifying and pricing risks so that each class pays premiums matching the losses it brings to the pool.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.5 (grade 9–12)
undisclosed dual agencyEnglish
Representing both parties without their informed consent, a violation that can cost the broker the commission, support rescission and lead to license discipline.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
Representing both parties without their informed consent, a violation that can cost the broker the commission, support rescission and lead to license discipline.
Real Estate License Exam Prep: The National Exam, Lesson 8.4 (grade 9–12)
undivided interestEnglish
A co-owner’s fractional share in the whole property, with the right to possess and use all of it along with the other co-owners, rather than a separate physical portion.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
A co-owner’s fractional share in the whole property, with the right to possess and use all of it along with the other co-owners, rather than a separate physical portion.
Real Estate License Exam Prep: The National Exam, Lesson 2.3 (grade 9–12)
unearned revenueEnglish
A liability for cash received before the service is performed. Adjusting moves the earned part to revenue.
Accounting, Lesson 3.2 (grade 9–12)
A liability for cash received before the service is performed. Adjusting moves the earned part to revenue.
Accounting, Lesson 3.2 (grade 9–12)
unemployment rateEnglish
The number unemployed divided by the labor force, as a percent.
Economics & the History of Money, Lesson 9.2 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
The number unemployed divided by the labor force, as a percent.
Economics & the History of Money, Lesson 9.2 (grade 11–12) · Investment Adviser Exam Prep: Series 65, Lesson 2.2 (grade 9–12)
unemployment taxes (FUTA and SUTA)English
Taxes paid by the employer (not withheld from pay) on the first part of each employee’s wages, to fund unemployment benefits.
Accounting, Lesson 7.4 (grade 9–12)
Taxes paid by the employer (not withheld from pay) on the first part of each employee’s wages, to fund unemployment benefits.
Accounting, Lesson 7.4 (grade 9–12)
unenforceable contractEnglish
A contract that may be valid between the parties but that a court will not enforce, such as an oral contract for the sale of land or one barred by the statute of limitations.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract that may be valid between the parties but that a court will not enforce, such as an oral contract for the sale of land or one barred by the statute of limitations.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
unfair claims settlement practices actEnglish
The state statute, on the NAIC model, listing claim-handling acts forbidden to insurers when committed knowingly or as a general business practice.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
The state statute, on the NAIC model, listing claim-handling acts forbidden to insurers when committed knowingly or as a general business practice.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.4 (grade 9–12)
unfair discriminationEnglish
Charging individuals of the same class and equal expectation of life or risk different rates, or offering different terms, for reasons outside sound actuarial classification.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Charging individuals of the same class and equal expectation of life or risk different rates, or offering different terms, for reasons outside sound actuarial classification.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
unfair trade practices actEnglish
The state statute, built on the NAIC model, that defines and prohibits deceptive and anticompetitive acts in the business of insurance and arms the commissioner to punish them.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
The state statute, built on the NAIC model, that defines and prohibits deceptive and anticompetitive acts in the business of insurance and arms the commissioner to punish them.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 9.3 (grade 9–12)
Uniform Individual Accident and Sickness Policy Provisions LawEnglish
The NAIC model law, adopted in substance by the states, prescribing twelve mandatory provisions and several optional provisions for individual health policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
The NAIC model law, adopted in substance by the states, prescribing twelve mandatory provisions and several optional provisions for individual health policies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.4 (grade 9–12)
Uniform Residential Landlord and Tenant Act (URLTA)English
A model statute published in 1972 by the Uniform Law Commission (revised 2015) on which many states based their landlord–tenant laws.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
A model statute published in 1972 by the Uniform Law Commission (revised 2015) on which many states based their landlord–tenant laws.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.2 (grade 9–12)
Uniform Securities Act (USA) of 1956English
The model state law, drafted so states could adopt matching securities statutes; the version of state law the Series 65 tests.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
The model state law, drafted so states could adopt matching securities statutes; the version of state law the Series 65 tests.
Investment Adviser Exam Prep: Series 65, Lesson 1.4 (grade 9–12)
unilateral contractEnglish
A contract in which only one party — the insurer — makes a legally enforceable promise; the insured may stop paying at any time and cannot be sued for premiums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract in which only one party — the insurer — makes a legally enforceable promise; the insured may stop paying at any time and cannot be sued for premiums.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
uninsured motorist coverageEnglish
Pays for your injuries if you are hit by a driver who has no insurance or too little.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
Pays for your injuries if you are hit by a driver who has no insurance or too little.
Personal Finance & Investing, Lesson 5.2 (grade 9–12)
uninsured motorist (UM) coverageEnglish
Part C coverage paying what the insured is legally entitled to recover for bodily injury from an at-fault driver who has no liability insurance, whose insurer denies or is insolvent, or who cannot be identified (hit-and-run).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
Part C coverage paying what the insured is legally entitled to recover for bodily injury from an at-fault driver who has no liability insurance, whose insurer denies or is insolvent, or who cannot be identified (hit-and-run).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.3 (grade 9–12)
unintended consequenceEnglish
A result of a rule or choice that its makers did not expect or want.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7) · Grade 8 Business & Finance, Lesson 1.1 (grade 8) · +1 more
A result of a rule or choice that its makers did not expect or want.
Economics & the History of Money, Lesson 1.2 (grade 11–12) · Grade 7 Business & Finance, Lesson 1.1 (grade 7) · Grade 8 Business & Finance, Lesson 1.1 (grade 8) · +1 more
unintended consequencesEnglish
Results of a rule that its makers did not intend or foresee.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
Results of a rule that its makers did not intend or foresee.
Economics & the History of Money, Lesson 7.5 (grade 11–12)
unionEnglish
An association of workers who bargain together with an employer over wages, hours and working conditions.
Grade 7 Business & Finance, Lesson 5.1 (grade 7) · Explore Great Battles, Stop 4.4 (Ages 7–9)
An association of workers who bargain together with an employer over wages, hours and working conditions.
Grade 7 Business & Finance, Lesson 5.1 (grade 7) · Explore Great Battles, Stop 4.4 (Ages 7–9)
uniquenessEnglish
The physical characteristic that no two parcels of land are exactly alike, at least in location; also called nonhomogeneity or heterogeneity.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
The physical characteristic that no two parcels of land are exactly alike, at least in location; also called nonhomogeneity or heterogeneity.
Real Estate License Exam Prep: The National Exam, Lesson 1.2 (grade 9–12)
unit economicsEnglish
The revenue and cost of a single unit sold, which shows whether each sale makes or loses money.
Grade 8 Business & Finance, Lesson 9.3 (grade 8)
The revenue and cost of a single unit sold, which shows whether each sale makes or loses money.
Grade 8 Business & Finance, Lesson 9.3 (grade 8)
unit investment trust (UIT)English
An investment company holding a fixed, unmanaged portfolio for a stated life; it sells redeemable units and has a trustee but no board, adviser or portfolio manager.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
An investment company holding a fixed, unmanaged portfolio for a stated life; it sells redeemable units and has a trustee but no board, adviser or portfolio manager.
Investment Adviser Exam Prep: Series 65, Lesson 6.2 (grade 9–12)
unit of accountEnglish
A common measure in which prices are stated and values compared.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
A common measure in which prices are stated and values compared.
Economics & the History of Money, Lesson 4.1 (grade 11–12) · Grade 5 Business & Finance, Lesson 2.1 (grade 5) · Grade 6 Business & Finance, Lesson 2.1 (grade 6)
unit priceEnglish
The price per unit of measure (per ounce, per pound, per load), used to compare packages of different sizes.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 9.2 (grade 9–12) · Grade 5 Cooking & Food, Lesson 8.3 (grade 5) · +3 more
The price per unit of measure (per ounce, per pound, per load), used to compare packages of different sizes.
Personal Finance & Investing, Lesson 2.4 (grade 9–12) · Culinary Arts & Meal Planning, Lesson 9.2 (grade 9–12) · Grade 5 Cooking & Food, Lesson 8.3 (grade 5) · +3 more
United States MintEnglish
The part of our government that makes America’s coins.
Grade 2 Business & Finance, Lesson 2.3 (grade 2)
The part of our government that makes America’s coins.
Grade 2 Business & Finance, Lesson 2.3 (grade 2)
United States v. South-Eastern Underwriters Association (1944)English
The Supreme Court decision reversing Paul: insurance transacted across state lines is interstate commerce, subject to federal law including the Sherman Antitrust Act.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
The Supreme Court decision reversing Paul: insurance transacted across state lines is interstate commerce, subject to federal law including the Sherman Antitrust Act.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 1.4 (grade 9–12)
unit-in-place methodEnglish
Estimating cost new by pricing each component installed — foundation, framing, roof, plumbing — and adding them.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
Estimating cost new by pricing each component installed — foundation, framing, roof, plumbing — and adding them.
Real Estate License Exam Prep: The National Exam, Lesson 4.4 (grade 9–12)
units-of-productionEnglish
Depreciation per unit (cost − salvage) ÷ total expected units, multiplied by the units actually produced or used each year.
Accounting, Lesson 7.2 (grade 9–12)
Depreciation per unit (cost − salvage) ÷ total expected units, multiplied by the units actually produced or used each year.
Accounting, Lesson 7.2 (grade 9–12)
universal agentEnglish
An agent authorized to do everything the principal could lawfully delegate, usually through a general power of attorney.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
An agent authorized to do everything the principal could lawfully delegate, usually through a general power of attorney.
Real Estate License Exam Prep: The National Exam, Lesson 8.1 (grade 9–12)
universal life (UL)English
Flexible-premium, adjustable-benefit permanent insurance that unbundles the contract into a cash value account, monthly mortality and expense charges, and credited interest.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
Flexible-premium, adjustable-benefit permanent insurance that unbundles the contract into a cash value account, monthly mortality and expense charges, and credited interest.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
unlawful detainer (eviction)English
The court process by which a landlord lawfully recovers possession after proper notice; self-help such as lockouts or shutting off utilities is not allowed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
The court process by which a landlord lawfully recovers possession after proper notice; self-help such as lockouts or shutting off utilities is not allowed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.5 (grade 9–12)
unlicensed assistantEnglish
A person who performs clerical and administrative tasks for a licensee but may not perform activities that require a license, such as negotiating or showing property in most states.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
A person who performs clerical and administrative tasks for a licensee but may not perform activities that require a license, such as negotiating or showing property in most states.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
unlimited liabilityEnglish
In a general partnership, each partner can be held personally responsible for all the firm’s debts.
Accounting, Lesson 8.1 (grade 9–12)
In a general partnership, each partner can be held personally responsible for all the firm’s debts.
Accounting, Lesson 8.1 (grade 9–12)
unqualified opinionEnglish
A “clean” opinion that the statements are fairly presented. Others are qualified (fair except for a matter), adverse (not fair) and a disclaimer (no opinion).
Accounting, Lesson 9.3 (grade 9–12)
A “clean” opinion that the statements are fairly presented. Others are qualified (fair except for a matter), adverse (not fair) and a disclaimer (no opinion).
Accounting, Lesson 9.3 (grade 9–12)
unrecaptured Section 1250 gainEnglish
The part of the long-term gain on depreciated real property that is due to straight-line depreciation; it is taxed under a separate maximum rate rather than as ordinary capital gain.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
The part of the long-term gain on depreciated real property that is due to straight-line depreciation; it is taxed under a separate maximum rate rather than as ordinary capital gain.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 9.2 (grade 9–12)
unsubsidized loanEnglish
A loan on which interest accrues from the day it is paid out, including during school.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
A loan on which interest accrues from the day it is paid out, including during school.
Personal Finance & Investing, Lesson 4.4 (grade 9–12)
unsystematic riskEnglish
Risk particular to one company or industry — business, financial, regulatory and liquidity risk — which diversification can largely eliminate.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
Risk particular to one company or industry — business, financial, regulatory and liquidity risk — which diversification can largely eliminate.
Investment Adviser Exam Prep: Series 65, Lesson 3.5 (grade 9–12)
upside down (negative equity)English
Owing more on a loan than the car is worth.
Personal Finance & Investing, Lesson 9.1 (grade 9–12)
Owing more on a loan than the car is worth.
Personal Finance & Investing, Lesson 9.1 (grade 9–12)
U.S. MintEnglish
The government office that makes America’s coins.
Grade 3 Business & Finance, Lesson 5.4 (grade 3)
The government office that makes America’s coins.
Grade 3 Business & Finance, Lesson 5.4 (grade 3)
USDA guaranteed loanEnglish
A loan made by an approved lender and guaranteed by USDA Rural Development for moderate-income buyers in eligible rural areas, commonly with no down payment.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
A loan made by an approved lender and guaranteed by USDA Rural Development for moderate-income buyers in eligible rural areas, commonly with no down payment.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
use taxEnglish
A tax owed on items bought without sales tax (for example, from out of state) to be used in your state.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
A tax owed on items bought without sales tax (for example, from out of state) to be used in your state.
Personal Finance & Investing, Lesson 6.4 (grade 9–12)
useful lifeEnglish
The period (or number of units) over which the asset is expected to be used.
Accounting, Lesson 7.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
The period (or number of units) over which the asset is expected to be used.
Accounting, Lesson 7.1 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
USPAPEnglish
The Uniform Standards of Professional Appraisal Practice, the generally accepted ethical and performance standards for appraisers in the United States, issued by The Appraisal Foundation’s Appraisal Standards Board.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
The Uniform Standards of Professional Appraisal Practice, the generally accepted ethical and performance standards for appraisers in the United States, issued by The Appraisal Foundation’s Appraisal Standards Board.
Real Estate License Exam Prep: The National Exam, Lesson 4.2 (grade 9–12)
usuryEnglish
In medieval usage, charging interest on a loan; the Church forbade it, though lending by bills of exchange was permitted.
Economics & the History of Money, Lesson 4.4 (grade 11–12)
In medieval usage, charging interest on a loan; the Church forbade it, though lending by bills of exchange was permitted.
Economics & the History of Money, Lesson 4.4 (grade 11–12)
utilityEnglish
The satisfaction or benefit a person gets from a good or service.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Playing the Odds, Lesson 2.5 (grade 8–12)
The satisfaction or benefit a person gets from a good or service.
Economics & the History of Money, Lesson 1.3 (grade 11–12) · Playing the Odds, Lesson 2.5 (grade 8–12)
utility bill-backEnglish
Charging tenants for their share of a master-metered utility under the lease, by submeter or by an allocation formula such as RUBS, where state and local law allow.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
Charging tenants for their share of a master-metered utility under the lease, by submeter or by an allocation formula such as RUBS, where state and local law allow.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.3 (grade 9–12)
utility commissionEnglish
A government board that sets the prices a regulated utility may charge and checks its service and safety.
Grade 6 Business & Finance, Lesson 3.4 (grade 6)
A government board that sets the prices a regulated utility may charge and checks its service and safety.
Grade 6 Business & Finance, Lesson 3.4 (grade 6)
UTMA/UGMA accountEnglish
A custodial account holding an irrevocable gift to a minor under the Uniform Transfers (or Gifts) to Minors Act: the child’s Social Security number, one custodian managing until the age of majority, income taxed to the minor.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
A custodial account holding an irrevocable gift to a minor under the Uniform Transfers (or Gifts) to Minors Act: the child’s Social Security number, one custodian managing until the age of majority, income taxed to the minor.
Investment Adviser Exam Prep: Series 65, Lesson 7.5 (grade 9–12)
utmost good faith (uberrimae fidei)English
The doctrine that both parties to an insurance contract must deal with complete honesty, disclosing material facts, because each must rely on the other’s word.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
The doctrine that both parties to an insurance contract must deal with complete honesty, disclosing material facts, because each must rely on the other’s word.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
V
VA funding feeEnglish
A one-time fee charged on most VA loans, which may be financed and from which some veterans, such as those receiving disability compensation, are exempt.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
A one-time fee charged on most VA loans, which may be financed and from which some veterans, such as those receiving disability compensation, are exempt.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12)
VA loanEnglish
A mortgage guaranteed by the Department of Veterans Affairs for eligible veterans and service members, often with no down payment, for a home of up to four units they will live in.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
A mortgage guaranteed by the Department of Veterans Affairs for eligible veterans and service members, often with no down payment, for a home of up to four units they will live in.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.2 (grade 9–12) · Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 5.1 (grade 9–12)
vacancyEnglish
Income lost because a unit is empty, usually stated as a percent of gross scheduled income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
Income lost because a unit is empty, usually stated as a percent of gross scheduled income.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.1 (grade 9–12)
vacancy and collection lossEnglish
The allowance subtracted from potential gross income for units expected to be vacant and rents expected to go uncollected.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
The allowance subtracted from potential gross income for units expected to be vacant and rents expected to go uncollected.
Real Estate License Exam Prep: The National Exam, Lesson 4.5 (grade 9–12)
vacancy conditionEnglish
A commercial property condition that reduces or removes coverage — vandalism and sprinkler leakage among the casualties — when a building has been vacant beyond a stated period, commonly 60 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
A commercial property condition that reduces or removes coverage — vandalism and sprinkler leakage among the casualties — when a building has been vacant beyond a stated period, commonly 60 days.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 8.1 (grade 9–12)
vacancy rateEnglish
The share of units (or of potential rent) not occupied or not earning rent over a period; occupancy rate is its complement.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
The share of units (or of potential rent) not occupied or not earning rent over a period; occupancy rate is its complement.
Real Estate License Exam Prep: The National Exam, Lesson 9.5 (grade 9–12)
vacancy vs. unoccupancyEnglish
Vacant means empty of both people and property; unoccupied means furnished but the people are away — and extended vacancy (commonly 60 consecutive days) suspends certain coverages such as vandalism.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
Vacant means empty of both people and property; unoccupied means furnished but the people are away — and extended vacancy (commonly 60 consecutive days) suspends certain coverages such as vandalism.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 6.5 (grade 9–12)
VA-guaranteed loanEnglish
A loan made by a private lender to an eligible veteran, service member or surviving spouse, with part of it guaranteed by the Department of Veterans Affairs.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
A loan made by a private lender to an eligible veteran, service member or surviving spouse, with part of it guaranteed by the Department of Veterans Affairs.
Real Estate License Exam Prep: The National Exam, Lesson 5.3 (grade 9–12)
valuationEnglish
What a business is judged to be worth; pre-money before new investment, post-money after.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12)
What a business is judged to be worth; pre-money before new investment, post-money after.
Entrepreneurship & Sales, Lesson 5.3 (grade 9–12)
value investingEnglish
Buying out-of-favor companies at low price-to-earnings or price-to-book ratios, expecting the market to recognize the bargain.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
Buying out-of-favor companies at low price-to-earnings or price-to-book ratios, expecting the market to recognize the bargain.
Investment Adviser Exam Prep: Series 65, Lesson 8.2 (grade 9–12)
value propositionEnglish
A clear statement of what a product does for a specific customer, and why it is better than the alternatives.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
A clear statement of what a product does for a specific customer, and why it is better than the alternatives.
Entrepreneurship & Sales, Lesson 3.1 (grade 9–12) · Grade 8 Business & Finance, Lesson 6.1 (grade 8)
value stockEnglish
Stock priced low relative to its earnings, book value or dividends — the kind a bargain-hunting fundamentalist seeks.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
Stock priced low relative to its earnings, book value or dividends — the kind a bargain-hunting fundamentalist seeks.
Investment Adviser Exam Prep: Series 65, Lesson 5.4 (grade 9–12)
value-based pricingEnglish
Setting price by what the product is worth to the customer.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12)
Setting price by what the product is worth to the customer.
Entrepreneurship & Sales, Lesson 4.2 (grade 9–12)
valued contractEnglish
A contract that pays a stated amount on the insured event regardless of measured loss — a life policy pays its face amount.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
A contract that pays a stated amount on the insured event regardless of measured loss — a life policy pays its face amount.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
variable annuityEnglish
An annuity funded through a separate account of investment subaccounts; its value and payments vary with the markets, the owner bears the investment risk, and it is a security requiring FINRA registration to sell.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
An annuity funded through a separate account of investment subaccounts; its value and payments vary with the markets, the owner bears the investment risk, and it is a security requiring FINRA registration to sell.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.4 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.5 (grade 9–12)
variable costEnglish
A cost that changes in total in proportion to activity (materials, sales commissions, packaging).
Accounting, Lesson 10.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.4 (grade 5) · Grade 7 Business & Finance, Lesson 7.4 (grade 7) · +3 more
A cost that changes in total in proportion to activity (materials, sales commissions, packaging).
Accounting, Lesson 10.1 (grade 9–12) · Grade 5 Business & Finance, Lesson 6.4 (grade 5) · Grade 7 Business & Finance, Lesson 7.4 (grade 7) · +3 more
variable costsEnglish
Costs that rise with each unit made: materials, packaging, piece wages.
Entrepreneurship & Sales, Lesson 4.3 (grade 9–12)
Costs that rise with each unit made: materials, packaging, piece wages.
Entrepreneurship & Sales, Lesson 4.3 (grade 9–12)
variable life (VL)English
Fixed-premium permanent insurance whose values ride separate-account subaccounts chosen by the owner, who bears the investment risk; a minimum death benefit is typically guaranteed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
Fixed-premium permanent insurance whose values ride separate-account subaccounts chosen by the owner, who bears the investment risk; a minimum death benefit is typically guaranteed.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
variable products registrationEnglish
The FINRA securities registration — a Series 6 or 7 — required in addition to a state life license before an agent may sell variable life or variable annuities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
The FINRA securities registration — a Series 6 or 7 — required in addition to a state life license before an agent may sell variable life or variable annuities.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.5 (grade 9–12)
variable rateEnglish
An interest rate that changes with a published index, so payments can rise or fall.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
An interest rate that changes with a published index, so payments can rise or fall.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 4.5 (grade 9–12)
variable universal life (VUL)English
Universal life with separate-account investing: flexible premiums, adjustable benefits, owner-borne investment risk, and generally no guaranteed cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
Universal life with separate-account investing: flexible premiums, adjustable benefits, owner-borne investment risk, and generally no guaranteed cash value.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.4 (grade 9–12)
varianceEnglish
The difference between actual and budgeted amounts; favorable if it increases profit, unfavorable if it decreases it.
Accounting, Lesson 10.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.3 (grade 8) · Personal Finance & Investing, Lesson 2.1 (grade 9–12) · +3 more
The difference between actual and budgeted amounts; favorable if it increases profit, unfavorable if it decreases it.
Accounting, Lesson 10.3 (grade 9–12) · Grade 8 Business & Finance, Lesson 9.3 (grade 8) · Personal Finance & Investing, Lesson 2.1 (grade 9–12) · +3 more
variationEnglish
The natural differences among outputs of any process.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12) · Grade 4 Life Science: Classification, Lesson 4.2 (grade 4) · Grade 6 Life Science: Animal Design and Behavior, Lesson 4.2 (grade 6) · +1 more
The natural differences among outputs of any process.
Entrepreneurship & Sales, Lesson 8.3 (grade 9–12) · Grade 4 Life Science: Classification, Lesson 4.2 (grade 4) · Grade 6 Life Science: Animal Design and Behavior, Lesson 4.2 (grade 6) · +1 more
vaultEnglish
A strong, locked room where a bank keeps money safe.
Grade 2 Business & Finance, Lesson 8.2 (grade 2) · Grade 3 Engineering & Physics, Lesson 3.2 (grade 3) · Grade 5 Engineering & Physics, Lesson 3.2 (grade 5)
A strong, locked room where a bank keeps money safe.
Grade 2 Business & Finance, Lesson 8.2 (grade 2) · Grade 3 Engineering & Physics, Lesson 3.2 (grade 3) · Grade 5 Engineering & Physics, Lesson 3.2 (grade 5)
velocity of capitalEnglish
Investor’s phrase for reusing the same cash in deal after deal by pulling it out through refinancing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
Investor’s phrase for reusing the same cash in deal after deal by pulling it out through refinancing.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.5 (grade 9–12)
velocity of moneyEnglish
The average number of times a unit of money is spent on final goods and services in a year.
Economics & the History of Money, Lesson 4.5 (grade 11–12)
The average number of times a unit of money is spent on final goods and services in a year.
Economics & the History of Money, Lesson 4.5 (grade 11–12)
vending permitEnglish
Permission from a city or county to sell in a public place; in some cities the number is capped.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
Permission from a city or county to sell in a public place; in some cities the number is capped.
Seven Small Businesses, Lesson 1.5 (grade 9–12)
vendor / vendeeEnglish
In an installment land contract, the vendor is the seller who keeps legal title and the vendee is the buyer who holds equitable title and possession.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
In an installment land contract, the vendor is the seller who keeps legal title and the vendee is the buyer who holds equitable title and possession.
Real Estate License Exam Prep: The National Exam, Lesson 7.4 (grade 9–12)
venture capitalEnglish
Equity investment in young, fast-growing, high-risk companies by professional funds, in exchange for ownership and influence.
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12)
Equity investment in young, fast-growing, high-risk companies by professional funds, in exchange for ownership and influence.
Entrepreneurship & Sales, Lesson 5.4 (grade 9–12)
venture charterEnglish
A one-page statement of a venture’s purpose, customer, offer, goals and rules.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
A one-page statement of a venture’s purpose, customer, offer, goals and rules.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12)
verdictEnglish
The memo’s conclusion: buy at the asking price, negotiate to a stated price, or walk away, with the reason.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 3.4 (grade 12) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 1.4 (grade 8)
The memo’s conclusion: buy at the asking price, negotiate to a stated price, or walk away, with the reason.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 10.5 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 3.4 (grade 12) · Grade 8 Composition & Creative Writing: Comparison, Characterization and Description, Lesson 1.4 (grade 8)
vertical integrationEnglish
Owning several stages of production, from raw materials to finished goods, as Carnegie did with ore, coal, railroads and mills.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Grade 8 Business & Finance, Lesson 4.1 (grade 8)
Owning several stages of production, from raw materials to finished goods, as Carnegie did with ore, coal, railroads and mills.
Entrepreneurship & Sales, Lesson 1.2 (grade 9–12) · Grade 7 Business & Finance, Lesson 4.2 (grade 7) · Grade 8 Business & Finance, Lesson 4.1 (grade 8)
vestingEnglish
The contract terms deciding whether renewal commissions keep paying an agent (or his family) after he leaves, retires or dies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Personal Finance & Investing, Lesson 10.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12) · +1 more
The contract terms deciding whether renewal commissions keep paying an agent (or his family) after he leaves, retires or dies.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 10.2 (grade 9–12) · Personal Finance & Investing, Lesson 10.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 5.3 (grade 9–12) · +1 more
viatical / life settlementEnglish
The purchase of a stranger’s life insurance policy at a discount to its death benefit; the investor pays the premiums and collects when the insured dies.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
The purchase of a stranger’s life insurance policy at a discount to its death benefit; the investor pays the premiums and collects when the insured dies.
Investment Adviser Exam Prep: Series 65, Lesson 6.3 (grade 9–12)
vicarious liabilityEnglish
Liability imputed to one person for the acts of another, as when an employer answers for an employee's negligence within the scope of employment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
Liability imputed to one person for the acts of another, as when an employer answers for an employee's negligence within the scope of employment.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 7.1 (grade 9–12) · Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
vineyardEnglish
A farm where grapes grow on vines.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
A farm where grapes grow on vines.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
void contractEnglish
An agreement with no legal force or effect from the start because it lacks an essential element, such as a lawful object.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
An agreement with no legal force or effect from the start because it lacks an essential element, such as a lawful object.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
void vs. voidableEnglish
A void contract never legally existed (no insurable interest); a voidable contract stands unless the injured party elects to cancel it (material misrepresentation).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
A void contract never legally existed (no insurable interest); a voidable contract stands unless the injured party elects to cancel it (material misrepresentation).
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
voidable contractEnglish
A contract that is valid and binding unless the party it protects — a minor, or a victim of fraud, duress or undue influence — chooses to disaffirm it.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
A contract that is valid and binding unless the party it protects — a minor, or a victim of fraud, duress or undue influence — chooses to disaffirm it.
Real Estate License Exam Prep: The National Exam, Lesson 7.1 (grade 9–12)
voluntary and involuntary alienationEnglish
Voluntary alienation is a transfer the owner chooses (by deed or will); involuntary alienation is a transfer by operation of law or without consent (descent, foreclosure, eminent domain, escheat, adverse possession, partition, bankruptcy, natural forces).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
Voluntary alienation is a transfer the owner chooses (by deed or will); involuntary alienation is a transfer by operation of law or without consent (descent, foreclosure, eminent domain, escheat, adverse possession, partition, bankruptcy, natural forces).
Real Estate License Exam Prep: The National Exam, Lesson 6.3 (grade 9–12)
W
wageEnglish
The money a worker is paid for his work.
Grade 1 Business & Finance, Lesson 4.4 (grade 1) · Grade 1 Business & Finance, Lesson 5.2 (grade 1) · Grade 2 Business & Finance, Lesson 5.2 (grade 2) · +3 more
The money a worker is paid for his work.
Grade 1 Business & Finance, Lesson 4.4 (grade 1) · Grade 1 Business & Finance, Lesson 5.2 (grade 1) · Grade 2 Business & Finance, Lesson 5.2 (grade 2) · +3 more
wage and salaryEnglish
A wage is pay per hour worked; a salary is a fixed yearly amount paid in equal installments.
Personal Finance & Investing, Lesson 1.1 (grade 9–12)
A wage is pay per hour worked; a salary is a fixed yearly amount paid in equal installments.
Personal Finance & Investing, Lesson 1.1 (grade 9–12)
wage base limitEnglish
The maximum yearly wages subject to Social Security tax; it is adjusted each year. Medicare tax has no such limit.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
The maximum yearly wages subject to Social Security tax; it is adjusted each year. Medicare tax has no such limit.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
wage floorEnglish
A legal lowest wage per hour that an employer may pay; a kind of price floor for labor.
Grade 6 Business & Finance, Lesson 5.4 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
A legal lowest wage per hour that an employer may pay; a kind of price floor for labor.
Grade 6 Business & Finance, Lesson 5.4 (grade 6) · Grade 8 Business & Finance, Lesson 5.2 (grade 8)
wagering (gambling) contractEnglish
A contract that creates a new risk for the chance of gain rather than transferring an existing one; insurance without insurable interest is a void wager.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
A contract that creates a new risk for the chance of gain rather than transferring an existing one; insurance without insurable interest is a void wager.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.2 (grade 9–12)
wagesEnglish
Money paid to a worker for his or her work.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
Money paid to a worker for his or her work.
Kindergarten Business & Finance, Lesson 5.1 (grade K)
waiting periodEnglish
The required gap before retaking a failed exam: 30 days after the first and second attempts and 180 days after a third attempt within two years, as of 2026.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
The required gap before retaking a failed exam: 30 days after the first and second attempts and 180 days after a third attempt within two years, as of 2026.
Investment Adviser Exam Prep: Series 65, Lesson 1.5 (grade 9–12)
waiverEnglish
The voluntary and intentional giving up of a known right — as when an insurer, knowing a condition was unmet, acts as though it does not care.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
The voluntary and intentional giving up of a known right — as when an insurer, knowing a condition was unmet, acts as though it does not care.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.4 (grade 9–12)
waiver of premiumEnglish
A provision waiving the policy's own premiums while the insured is totally disabled, commonly after 90 days of disability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
A provision waiving the policy's own premiums while the insured is totally disabled, commonly after 90 days of disability.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 5.2 (grade 9–12)
waiver of premium riderEnglish
If the insured becomes totally disabled — commonly after a 6-month waiting period — the insurer waives premiums for the duration of the disability while the policy stays fully in force.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
If the insured becomes totally disabled — commonly after a 6-month waiting period — the insurer waives premiums for the duration of the disability while the policy stays fully in force.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 4.3 (grade 9–12)
walk-away disciplineEnglish
The habit of declining any deal that does not meet written criteria, however attractive it seems.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
The habit of declining any deal that does not meet written criteria, however attractive it seems.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 3.5 (grade 9–12)
walking surveyEnglish
A planned walk of a neighborhood at different times of day and week, recording property condition, supply, traffic, amenities and activity.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
A planned walk of a neighborhood at different times of day and week, recording property condition, supply, traffic, amenities and activity.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 2.2 (grade 9–12)
wampumEnglish
Beads made from white and purple shells, used by Native Americans and early colonists in trade.
Grade 1 Business & Finance, Lesson 2.2 (grade 1) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Explore Crafts and Making · Expert, Stop 3.8 (Ages 14+) · +1 more
Beads made from white and purple shells, used by Native Americans and early colonists in trade.
Grade 1 Business & Finance, Lesson 2.2 (grade 1) · Grade 3 Business & Finance, Lesson 2.1 (grade 3) · Explore Crafts and Making · Expert, Stop 3.8 (Ages 14+) · +1 more
wantEnglish
Something a person would like to have.
Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 4 Business & Finance, Lesson 8.1 (grade 4) · Kindergarten Business & Finance, Lesson 1.2 (grade K) · +1 more
Something a person would like to have.
Grade 1 Business & Finance, Lesson 2.1 (grade 1) · Grade 4 Business & Finance, Lesson 8.1 (grade 4) · Kindergarten Business & Finance, Lesson 1.2 (grade K) · +1 more
wantsEnglish
Things we would like to have but can live without, such as toys or treats.
Grade 3 Business & Finance, Lesson 1.2 (grade 3)
Things we would like to have but can live without, such as toys or treats.
Grade 3 Business & Finance, Lesson 1.2 (grade 3)
warehouseEnglish
A big building where goods are stored before they go to stores.
Grade 2 Business & Finance, Lesson 3.4 (grade 2)
A big building where goods are stored before they go to stores.
Grade 2 Business & Finance, Lesson 3.4 (grade 2)
warrantEnglish
A long-term certificate to buy the issuer’s stock at a set price that is above the market price when issued, often attached to a bond as a sweetener.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.2 (grade 12)
A long-term certificate to buy the issuer’s stock at a set price that is above the market price when issued, often attached to a bond as a sweetener.
Investment Adviser Exam Prep: Series 65, Lesson 5.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 6.4 (grade 9–12) · Grade 12 Composition & Creative Writing: Capstone: Rhetoric and the Senior Thesis, Lesson 2.2 (grade 12)
warrantyEnglish
A statement or promise made part of the contract itself and guaranteed to be strictly, literally true; a breach can void the contract regardless of materiality.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
A statement or promise made part of the contract itself and guaranteed to be strictly, literally true; a breach can void the contract regardless of materiality.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 2.3 (grade 9–12)
wash saleEnglish
Selling a security at a loss and buying it (or something substantially identical) within 30 days before or after the sale; the loss is disallowed and added to the basis of the replacement shares.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
Selling a security at a loss and buying it (or something substantially identical) within 30 days before or after the sale; the loss is disallowed and added to the basis of the replacement shares.
Investment Adviser Exam Prep: Series 65, Lesson 7.2 (grade 9–12)
wasteEnglish
Food or supplies spoiled, spilled or left over that cannot be sold.
Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12) · +3 more
Food or supplies spoiled, spilled or left over that cannot be sold.
Grade 3 Business & Finance, Lesson 9.2 (grade 3) · Grade 5 Business & Finance, Lesson 9.2 (grade 5) · Real Estate License Exam Prep: The National Exam, Lesson 2.1 (grade 9–12) · +3 more
water frameEnglish
Arkwright’s spinning machine, patented in 1769, which used sets of rollers turning at different speeds to stretch cotton into strong thread. It was driven by a water wheel.
Grade 6 Business & Finance, Lesson 1.2 (grade 6) · Fabrics & Sewing II, Lesson 2.1 (grade 6–8) · Textile Science & Clothing Construction, Lesson 4.2 (grade 9–12)
Arkwright’s spinning machine, patented in 1769, which used sets of rollers turning at different speeds to stretch cotton into strong thread. It was driven by a water wheel.
Grade 6 Business & Finance, Lesson 1.2 (grade 6) · Fabrics & Sewing II, Lesson 2.1 (grade 6–8) · Textile Science & Clothing Construction, Lesson 4.2 (grade 9–12)
weekly trial balanceEnglish
A trial balance taken at the end of each week to catch errors while they are still easy to find.
Grade 6 Business & Finance, Lesson 9.3 (grade 6)
A trial balance taken at the end of each week to catch errors while they are still easy to find.
Grade 6 Business & Finance, Lesson 9.3 (grade 6)
weightEnglish
How important a criterion is relative to the others.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12) · Kindergarten Business & Finance, Lesson 5.2 (grade K) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 5.4 (grade 5) · +3 more
How important a criterion is relative to the others.
Entrepreneurship & Sales, Lesson 10.1 (grade 9–12) · Kindergarten Business & Finance, Lesson 5.2 (grade K) · Grade 5 Earth Science: The Sky: Sun, Moon and Stars, Lesson 5.4 (grade 5) · +3 more
weighted-average costEnglish
Each unit is assigned the average cost of all goods available for sale: total cost ÷ total units.
Accounting, Lesson 6.4 (grade 9–12)
Each unit is assigned the average cost of all goods available for sale: total cost ÷ total units.
Accounting, Lesson 6.4 (grade 9–12)
weights and measuresEnglish
Agreed standards for weight, length and volume (pounds, gallons, grams, liters) so that buyers and sellers measure the same way.
Grade 5 Business & Finance, Lesson 5.4 (grade 5)
Agreed standards for weight, length and volume (pounds, gallons, grams, liters) so that buyers and sellers measure the same way.
Grade 5 Business & Finance, Lesson 5.4 (grade 5)
wetlandsEnglish
Land saturated with water often enough to support water-loving plants; filling them generally requires a permit under Section 404 of the Clean Water Act.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
Land saturated with water often enough to support water-loving plants; filling them generally requires a permit under Section 404 of the Clean Water Act.
Real Estate License Exam Prep: The National Exam, Lesson 3.5 (grade 9–12)
wheatEnglish
A grain that farmers grow; its seeds are ground into flour.
Kindergarten Business & Finance, Lesson 4.1 (grade K) · Grade 1 Cooking & Food, Lesson 2.4 (grade 1) · Kindergarten Cooking & Food, Lesson 5.1 (grade K) · +2 more
A grain that farmers grow; its seeds are ground into flour.
Kindergarten Business & Finance, Lesson 4.1 (grade K) · Grade 1 Cooking & Food, Lesson 2.4 (grade 1) · Kindergarten Cooking & Food, Lesson 5.1 (grade K) · +2 more
whistleblowerEnglish
A person inside an organization who reports wrongdoing.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
A person inside an organization who reports wrongdoing.
Grade 8 Business & Finance, Lesson 7.3 (grade 8)
whole life insuranceEnglish
Permanent insurance with a level premium and a guaranteed death benefit for the insured’s entire life, building guaranteed cash value that equals the face amount at maturity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
Permanent insurance with a level premium and a guaranteed death benefit for the insured’s entire life, building guaranteed cash value that equals the face amount at maturity.
Insurance Agent Exam Prep: Life, Health, Property & Casualty, Lesson 3.3 (grade 9–12)
wholesaleEnglish
Selling goods in large amounts to stores, which then sell them to customers.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
Selling goods in large amounts to stores, which then sell them to customers.
Grade 4 Business & Finance, Lesson 4.3 (grade 4)
wholesalerEnglish
A person who puts a property under contract and sells the contract, or the property in a quick double closing, to an end buyer for a fee.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
A person who puts a property under contract and sells the contract, or the property in a quick double closing, to an end buyer for a fee.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 6.1 (grade 9–12)
willEnglish
A legal document stating how a person’s property is to be distributed at death and, for parents, whom they choose as guardian for minor children.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
A legal document stating how a person’s property is to be distributed at death and, for parents, whom they choose as guardian for minor children.
Personal Finance & Investing, Lesson 10.2 (grade 9–12)
wire fraud (business email compromise)English
A scheme in which criminals impersonate a title company, closing agent or licensee by email to trick a buyer into wiring closing funds to a fraudulent account.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
A scheme in which criminals impersonate a title company, closing agent or licensee by email to trick a buyer into wiring closing funds to a fraudulent account.
Real Estate License Exam Prep: The National Exam, Lesson 9.4 (grade 9–12)
withdrawalEnglish
A registrant’s voluntary exit, effective 30 days after filing if no proceeding is pending; the Administrator keeps jurisdiction to institute proceedings for one year afterward.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12) · Shop & Trades, Lesson 1.5 (grade 9–12)
A registrant’s voluntary exit, effective 30 days after filing if no proceeding is pending; the Administrator keeps jurisdiction to institute proceedings for one year afterward.
Investment Adviser Exam Prep: Series 65, Lesson 9.5 (grade 9–12) · Shop & Trades, Lesson 1.5 (grade 9–12)
withdrawals (drawing)English
Assets the owner takes out for personal use; they reduce capital and are not expenses.
Accounting, Lesson 4.2 (grade 9–12)
Assets the owner takes out for personal use; they reduce capital and are not expenses.
Accounting, Lesson 4.2 (grade 9–12)
withholdingEnglish
Income taxes the employer deducts from pay and sends to the government on the employee’s behalf.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
Income taxes the employer deducts from pay and sends to the government on the employee’s behalf.
Accounting, Lesson 7.4 (grade 9–12) · Personal Finance & Investing, Lesson 1.2 (grade 9–12)
workEnglish
Using your hands, your mind and your time to make something or to help someone.
Grade 1 Business & Finance, Lesson 1.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +3 more
Using your hands, your mind and your time to make something or to help someone.
Grade 1 Business & Finance, Lesson 1.1 (grade 1) · Grade 2 Business & Finance, Lesson 1.1 (grade 2) · Grade 3 Business & Finance, Lesson 1.1 (grade 3) · +3 more
work creditsEnglish
Units earned by working and paying Social Security tax; a worker generally needs a certain number to qualify for retirement benefits.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
Units earned by working and paying Social Security tax; a worker generally needs a certain number to qualify for retirement benefits.
Personal Finance & Investing, Lesson 6.3 (grade 9–12)
work orderEnglish
A written record of a repair request: the problem, the date reported, the priority, who did the work, the cost and the date completed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
A written record of a repair request: the problem, the date reported, the priority, who did the work, the cost and the date completed.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.3 (grade 9–12)
workaroundEnglish
A makeshift way people cope with a problem because no good solution exists. Workarounds are clues to unmet needs.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
A makeshift way people cope with a problem because no good solution exists. Workarounds are clues to unmet needs.
Entrepreneurship & Sales, Lesson 2.1 (grade 9–12)
workerEnglish
A person who works for a business in return for wages.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Kindergarten Business & Finance, Lesson 1.3 (grade K) · Explore Animals · Ranger, Stop 5.1 (Ages 10–13)
A person who works for a business in return for wages.
Grade 3 Business & Finance, Lesson 5.1 (grade 3) · Kindergarten Business & Finance, Lesson 1.3 (grade K) · Explore Animals · Ranger, Stop 5.1 (Ages 10–13)
workers’ compensationEnglish
Insurance, required by law, that pays medical costs and lost wages to workers injured on the job, regardless of fault, in exchange for limiting lawsuits against employers.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 5.3 (grade 5) · +2 more
Insurance, required by law, that pays medical costs and lost wages to workers injured on the job, regardless of fault, in exchange for limiting lawsuits against employers.
Economics & the History of Money, Lesson 7.4 (grade 11–12) · Entrepreneurship & Sales, Lesson 9.3 (grade 9–12) · Grade 5 Business & Finance, Lesson 5.3 (grade 5) · +2 more
workers per beneficiaryEnglish
Covered workers divided by people receiving benefits; the number of workers whose taxes support each beneficiary.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
Covered workers divided by people receiving benefits; the number of workers whose taxes support each beneficiary.
Economics & the History of Money, Lesson 11.6 (grade 11–12)
working capitalEnglish
Current assets minus current liabilities: the cushion available to pay short-term debts.
Accounting, Lesson 4.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
Current assets minus current liabilities: the cushion available to pay short-term debts.
Accounting, Lesson 4.3 (grade 9–12) · Entrepreneurship & Sales, Lesson 4.1 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 3.2 (grade 9–12)
working-age shareEnglish
The fraction of a population aged 15 to 64, from whose work most output and taxes come.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
The fraction of a population aged 15 to 64, from whose work most output and taxes come.
Economics & the History of Money, Lesson 11.7 (grade 11–12)
workplace safetyEnglish
Conditions and practices that prevent injury and illness at work, enforced in the U.S. by OSHA since 1970.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
Conditions and practices that prevent injury and illness at work, enforced in the U.S. by OSHA since 1970.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
worksheetEnglish
A large columnar working paper, not a formal statement, used to organize the trial balance, adjustments and figures for the statements in one place.
Accounting, Lesson 3.3 (grade 9–12)
A large columnar working paper, not a formal statement, used to organize the trial balance, adjustments and figures for the statements in one place.
Accounting, Lesson 3.3 (grade 9–12)
World BankEnglish
The International Bank for Reconstruction and Development, created at Bretton Woods to lend for rebuilding and development.
Economics & the History of Money, Lesson 6.2 (grade 11–12)
The International Bank for Reconstruction and Development, created at Bretton Woods to lend for rebuilding and development.
Economics & the History of Money, Lesson 6.2 (grade 11–12)
worthEnglish
How much something is good for or how much it should cost.
Kindergarten Business & Finance, Lesson 3.3 (grade K)
How much something is good for or how much it should cost.
Kindergarten Business & Finance, Lesson 3.3 (grade K)
wrap fee programEnglish
A program charging one bundled fee for both advice and trade execution; it requires its own disclosure document, the wrap fee brochure.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
A program charging one bundled fee for both advice and trade execution; it requires its own disclosure document, the wrap fee brochure.
Investment Adviser Exam Prep: Series 65, Lesson 10.2 (grade 9–12)
wraparound mortgageEnglish
A new, larger junior loan that “wraps” an existing loan; the borrower pays the wraparound lender, who keeps paying the underlying loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
A new, larger junior loan that “wraps” an existing loan; the borrower pays the wraparound lender, who keeps paying the underlying loan.
Real Estate License Exam Prep: The National Exam, Lesson 5.4 (grade 9–12)
writ of possession (restitution)English
The court document that authorizes a sheriff or marshal to remove a tenant who has not left after a judgment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
The court document that authorizes a sheriff or marshal to remove a tenant who has not left after a judgment.
Real Estate Investing: Rentals, House Hacks and Deal Analysis, Lesson 8.4 (grade 9–12)
Y
yieldEnglish
The return a buyer earns on a bond at its current price; for a bond with no maturity, yield = coupon ÷ price.
Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12) · Grade 4 Cooking & Food, Lesson 8.3 (grade 4) · +3 more
The return a buyer earns on a bond at its current price; for a bond with no maturity, yield = coupon ÷ price.
Grade 8 Business & Finance, Lesson 8.3 (grade 8) · Personal Finance & Investing, Lesson 7.3 (grade 9–12) · Grade 4 Cooking & Food, Lesson 8.3 (grade 4) · +3 more
yield curveEnglish
A graph of the yields of bonds of the same quality (classically U.S. Treasuries) across maturities from shortest to longest.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
A graph of the yields of bonds of the same quality (classically U.S. Treasuries) across maturities from shortest to longest.
Investment Adviser Exam Prep: Series 65, Lesson 2.5 (grade 9–12)
yield to call (YTC)English
The same computation run to the call date and call price; on a premium callable bond it is the lowest yield of all.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
The same computation run to the call date and call price; on a premium callable bond it is the lowest yield of all.
Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
yield to maturity (YTM)English
A bond’s internal rate of return: the single rate that makes the present value of all its remaining payments equal its market price.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
A bond’s internal rate of return: the single rate that makes the present value of all its remaining payments equal its market price.
Investment Adviser Exam Prep: Series 65, Lesson 3.3 (grade 9–12) · Investment Adviser Exam Prep: Series 65, Lesson 4.5 (grade 9–12)
Your Home Loan ToolkitEnglish
The CFPB’s booklet for home buyers, which a lender must give an applicant for a purchase loan within three business days of application.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
The CFPB’s booklet for home buyers, which a lender must give an applicant for a purchase loan within three business days of application.
Real Estate License Exam Prep: The National Exam, Lesson 6.2 (grade 9–12)
youth employment rulesEnglish
Federal and state rules limiting the hours and jobs of workers under 18.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
Federal and state rules limiting the hours and jobs of workers under 18.
Entrepreneurship & Sales, Lesson 9.3 (grade 9–12)
Z
zero-based budgetEnglish
A budget in which every dollar of income is assigned a job, so income minus all planned uses equals zero.
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
A budget in which every dollar of income is assigned a job, so income minus all planned uses equals zero.
Personal Finance & Investing, Lesson 2.1 (grade 9–12)
zero-coupon bondEnglish
A bond sold at a deep discount that pays no interest along the way, only face value at maturity; the yearly accretion on corporate and Treasury zeros is taxable phantom income.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
A bond sold at a deep discount that pays no interest along the way, only face value at maturity; the yearly accretion on corporate and Treasury zeros is taxable phantom income.
Investment Adviser Exam Prep: Series 65, Lesson 4.4 (grade 9–12)
zoningEnglish
Local regulation, under the police power, that divides land into districts and controls the use, height, bulk and density of buildings in each.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Seven Small Businesses, Lesson 1.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.4 (grade 9–12) · +1 more
Local regulation, under the police power, that divides land into districts and controls the use, height, bulk and density of buildings in each.
Real Estate License Exam Prep: The National Exam, Lesson 3.2 (grade 9–12) · Seven Small Businesses, Lesson 1.4 (grade 9–12) · Architecture & Civil Engineering, Lesson 10.4 (grade 9–12) · +1 more
ZOPAEnglish
Zone of possible agreement: the range between the seller’s and the buyer’s reservation prices.
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)
Zone of possible agreement: the range between the seller’s and the buyer’s reservation prices.
Entrepreneurship & Sales, Lesson 7.5 (grade 9–12)