A landlord is a person or entity that owns and rents out property to tenants. In exchange for payment of rent, the landlord is responsible for maintaining the property and ensuring that it is habitable for the tenants. This includes providing necessary repairs and ensuring that the property meets health and safety codes. Landlords can… Continue reading Who is a ‘Landlord’?
Author: Jordan
Understanding what a ‘Portfolio’ really is.
1) A portfolio is a collection of investments, such as stocks, bonds, and mutual funds, owned by an individual or an institution. It is a way to diversify investments across various asset classes to minimize risk and maximize potential returns. 2) An example of a portfolio is an individual who invests in a mix of… Continue reading Understanding what a ‘Portfolio’ really is.
What is a ‘Grace period’?
A grace period is important because it provides some extra time for borrowers to make a payment without incurring a penalty. It can be particularly helpful for borrowers who may be experiencing a temporary financial hardship or cash flow issue, as it gives them some breathing room to get their finances back on track. Additionally,… Continue reading What is a ‘Grace period’?
What is Bankruptcy?
Bankruptcy is a legal process through which individuals or businesses can eliminate or restructure their debts. It allows the debtor to discharge certain debts or create a payment plan to repay creditors. The process is overseen by a bankruptcy court, and there are different types of bankruptcy depending on the situation. One example of bankruptcy… Continue reading What is Bankruptcy?
Definition – What is a ‘Royalty’?
A royalty is a payment made to an owner or creator of an asset, such as a patent, copyright, or mineral rights, for the right to use that asset. In the context of income, royalty income refers to the revenue earned by the owner or creator of an intellectual property, such as a book or… Continue reading Definition – What is a ‘Royalty’?
On Lottery
Americans spent $105.26B last year playing the lottery. Many have played and won jackpot prizes. While numerous individuals try their luck in the lottery, hoping for a grand prize to buy a car, a new house, or achieve financial wealth, it’s crucial to understand that wealth creation is not merely a matter of luck. In… Continue reading On Lottery
What is a Bull Market?
Riding the Highs: The Dynamics of Bull Markets Introduction:Bull markets represent periods of optimism, rising stock prices, and heightened investor confidence in the financial markets. As the antithesis of bear markets, bull markets are characterized by sustained upward trends in stock prices. This essay delves into the definition of bull markets, explores their importance in… Continue reading What is a Bull Market?
What is a ‘Commission’?
A commission is a fee paid to a salesperson or agent as compensation for their role in facilitating a transaction. When a salesperson sells a product or service, they may receive a commission as a percentage of the sale price. This incentivizes the salesperson to work harder to sell more products, as their earnings are… Continue reading What is a ‘Commission’?
What is a 529 plan?
It’s no secret that higher education can be expensive, and many families worry about how they will pay for it. However, with the help of a 529 plan, saving for college has never been easier. A 529 plan is a tax-advantaged savings plan designed to help families save for higher education expenses. In this essay,… Continue reading What is a 529 plan?
How much student debt is too much?
In 1958, Congress passed the National Defense Act and federal student loans were provided for more American families would be able to afford college. In the United States, knowledge is power. For many, this power begins with high school. During these adolescent age learners are prepared to take on life’s most challenging moments, with their… Continue reading How much student debt is too much?