Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Flashcards Preview

Real estate license study > Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 > Flashcards

Flashcards in Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Deck (10)
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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.

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