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Question of
What does ARM stand for?
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Adjustable Rate Mortgage
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Adjustable Reverse Mortgage
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Amortization Rate Mortgage
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Question of
What does a Bear Market mean?
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Volatile market
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A market characterized by rising prices for securities
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A market characterized by falling prices for securities.
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Question of
What is a Balance Sheet?
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A financial statement of assets, liabilities and owners’ equity for a business at a certain point of time
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Balancing cash flow and net earnings.
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The balance between price and earnings.
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Question of
What is a bridge loan?
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A short-term loan made until a longer term financing is obtained.
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Adjustable Rate Mortgage.
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A commercial loan for building a bridge.
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Question of
What does appreciation mean?
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Current Assets
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The measure of a continued rise in the worth of an asset
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The decrease in value of an asset over time
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Question of
What does amortization mean?
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The process of liquidating a debt over a period of time.
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The process of determining the fair market value of an asset.
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The amount of interest owed to a lender.
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