4th 12 Flashcards
is a legal binding contract for a specific period of time
leasing an apartment
often displayed by drama addicts and poor planning
management by crisis
cash taken from an individuals account every month
auto payments
fundamental change in approach or underlying assumptions
paradigm shift
a range of investments held by a person
portfolio
the most expensive version of financing
leasing a car
oversized amount due at the end of a mortgage or commercial loan
balloon payment
drops in 18-28% in the first year
brand new car
the difference between current market value and what is owed
equity
combining several loans into a new loan and paying more interest
debt consolidation
biggest wealth builder- money received regularly through work or investments
income
main goals are to protect consumers and ensure a competitive market
federal trade commission