Tag: house

Personal Property definition explanation

What is Personal Property?
A type of property which, in it’s most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the asset is not fixed permanently to one location as with real property such as land or buildings. Examples of personal property include vehicles, furniture, boats, collectibles, etc.

Also known as “”movable property””, “”movables”” and “”chattels””. Read more for examples and further explanation including related video clips and also comments
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Pure Risk definition explanation

What is Pure Risk?
A category of risk in which loss is the only possible outcome; there is no beneficial result. Pure risk is related to events that are beyond the risk-taker’s control and, therefore, a person cannot consciously take on pure risk.

This is the opposite of speculative risk. Read more for examples and further explanation including related video clips and also comments
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New Home Sales definition explanation

What is New Home Sales?
An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce’s Census Bureau, it includes both quantity and price statistics. It is considered to be a lagging indicator of demand in the market and to affect mortgage rates. Read more for examples and further explanation including related video clips and also comments
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Circulating Capital definition explanation

What is Circulating Capital?
The portion of an organization’s investment that is continually used and replenished in ongoing operations. Circulating capital can consist of operating expenses, raw material stock, inventories of finished goods or physical capital on hand. Circulating capital is the opposite of constant (fixed) capital. Read more for examples and further explanation including related video clips and also comments
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Boomerang definition explanation

What is Boomerang?
An American slang term that refers to an adult who has moved back in with his or her parents (who are part of the baby boomer generation) instead of living independently. The phrase, when applied to an individual, makes reference to the fact that the person lived independently for a period, but subsequently returned home due to the financial costs associated with maintaining a separate household. Read more for examples and further explanation including related video clips and also comments
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Automatic Bill Payment definition explanation

What is Automatic Bill Payment?
Routine, automated payments made from a banking, brokerage or mutual fund account to vendors. The automated function can be initiated either with the source of funds (the bank with the checking account) or the vendor to whom payment is owed. Automatic bill payments occur over an electronic payment system, such as the Automated Clearing House (ACH). Read more for examples and further explanation including related video clips and also comments
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