Tag: house

House Maintenance Requirement definition explanation

What is House Maintenance Requirement?
The minimum amount of equity that an account holder must maintain in a margin account, as determined by the brokerage firm. The house maintenance requirement will often be higher than the maintenance margin set out by the Federal Reserve’s Regulation T, which stipulates that an equity level of at least 25% must be maintained, and it can also be different for different account holders within the firm. Read more for examples and further explanation including related video clips and also comments
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Exchange-Traded Option definition explanation

What is Exchange-Traded Option?
An option traded on a regulated exchange where the terms of each option are standardized by the exchange. The contract is standardized so that underlying asset, quantity, expiration date and strike price are known in advance. Over-the-counter options are not traded on exchanges and allow for the customization of the terms of the option contract.

Exchange-traded options are also known as “”listed options””. Read more for examples and further explanation including related video clips and also comments
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Saver’s Tax Credit definition explanation

What is Saver’s Tax Credit?
A non-refundable tax credit available to lower income individuals and households that contribute to qualified retirement savings plans. This includes employer-sponsored plans such as 401(k), SIMPLE and SEP plans, or the governmental 457 plan, along with contributions to Traditional and Roth IRAs. The amount of the credit will depend on the adjusted gross income of the individual or household and the size of the contribution. Read more for examples and further explanation including related video clips and also comments
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Member Of Household definition explanation

What is Member Of Household?
A person who is claimed as a dependent when filing year-end tax forms. Such a dependent allows a taxpayer to qualify for the dependency exemption. A member of household can be a relative or a non-relative, but in order for a non-relative to be claimed as a member of household, he or she must meet the relationship requirements outlined by the IRS. Read more for examples and further explanation including related video clips and also comments
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Real Estate Owned – REO definition explanation

What is Real Estate Owned – REO?
Property owned by a lender – usually a bank – after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most foreclosure auctions equal the outstanding loan amount, the accrued interest and any fees associated with the foreclosure sale. Read more for examples and further explanation including related video clips and also comments
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