Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Flashcards
1
Q
Installment sale
A
A sale in which the seller receives the purchase price over a period of years.
2
Q
Leverage
A
The excessive use of money for purchases. Do use of borrowed money to finance investments.
3
Q
Marginal tax rate
A
The rate at which the investors top dollar is taxed.
4
Q
Pyramiding
A
Refinancing property to buy more.
5
Q
Real estate investment syndicate
A
A group pooling resources to buy real estate.
6
Q
Real estate investment trust (REIT)
A
A fund making real estate investments and selling shares.
7
Q
Return
A
The cash flow plus income tax savings plus appreciation.
8
Q
Syndicate
A
A joining together of two or more people to carry out business projects.
9
Q
Tax credit
A
The direct deduction from income tax due.
10
Q
Uniform Commercial Code
A
The law regulating transfer of business personal property.
