| A | B |
|---|
| collectibles | ancient coins, works of art, other rare items, autographs, stamps, sports cards, toys |
| commodities | grain, livestock, precious metals, currency and financial instruments; purchase in anticipation of higher market prices in the near future; very risky |
| commodities exchange | buyers and sellers of commodities are represented by a trader on the exchange to exchange commodities for money or vice versa |
| condominium | individually owned housing unit in an apartment-like complex; service fee paid by condo owners to cover maintenance and yard work |
| fixed rate mortgages | – interest rate is set for the term of the loan |
| liquidity | the ease with which an investment can be changed into cash without losing its value |
| mortgage | a legal document giving the lender a claim against the property if the principal, interest or both are not paid as agreed; usually for 15, 20 or 30 years that require monthly payments |
| precious metals | gold, silver, copper, platinum; quoted as spot prices per one troy ounce |
| property insurance | provides protection from fire, theft, accident or other losses of your home or property |
| real estate | land and anything attached to it; housing, farmland, apartment buildings, shopping malls; real property investment |
| real estate agent | licensed professional that helps people buy and sell real estate |
| speculative investment | usually a high risk investment; commodity investing |
| tax exempt earnings | income taxes are not collected on these investments |
| truth in savings | requires financial institutions give consumers information to compare savings accounts |
| upkeep | the cost of maintaining property in good condition |
