HACE

Card Set Information

Author:
Anonymous
ID:
45276
Filename:
HACE
Updated:
2010-10-26 20:47:09
Tags:
Test
Folders:

Description:
HACE2100
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The flashcards below were created by user Anonymous on FreezingBlue Flashcards. What would you like to do?


  1. Liquid Assets
    Assets held in the form of cash or “near cash”
  2. Investment
    Assets that earn a return rather than provide a service
  3. Real Property
    Immovable property; long lives and high costs; mostly appreciate in value
  4. Personal Property
    Moveable; mostly depreciate in value
  5. Fair Market Value
    Price at which we can reasonably expected to sell asset
  6. Types of Liquid Assets
    • Checking Account
    • Savings Account
    • NOW Account
    • MMDA
    • MMMF
    • CD if <1 year
  7. Types of Investments
    • Stocks and Bonds
    • Closed-end Funds
    • Mutual Funds
    • Retirement Funds
    • IRA
    • 401K
    • CD if >1 year
    • Real Estate
  8. Real Property
    • Single family houses, condominiums, cooperatives
    • Vacation homes
    • Land and buildings on property
  9. Personal Property
    • automobiles
    • recreation equipment
    • household items
    • jewelry
    • artwork

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