Chapter 11 Flashcards Preview

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Flashcards in Chapter 11 Deck (9)
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0
Q

Land and buildings that produce rental income

A

Commercial property

1
Q

Holds legal title to the property he or she has purchased

A

Direct investment

2
Q

An investment in which a trustee is appointed to hold legal title to property on behalf of an investor or group of investors

A

Indirect investment

3
Q

A temporary association of individuals or business firms organized to perform a task that requires a large amount of funds

A

Syndicate

4
Q

An investment in a group of mortgages that have been purchased by a government agency

A

Participation certification (PC)

5
Q

The use of borrowed funds for direct investment purposes

A

Financial leverage

6
Q

Valuable ores such as gold, platinum, and silver

A

Precious metals

7
Q

Rough mineral deposits (usually crystals) that are dug from the earth by miners and cut into brilliant jewels

A

Precious gems

8
Q

Rare coins, works of art, antiques, stamps, rare books, comic books, sport memorabilia, rugs, ceramic, paintings, and other items that appeal to collectors and investors

A

Collectibles