TermsUncle Sam People

Legal EaglesStuff

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

• An individual’s income before taxes are paid

• Gross Income

• An arrangement by which a company gives customers financial protection against loss or harm, for example theft or fire, in return for payment.

• Insurance

• A payment made by a bank for the use of money in your account.

• Interest

• A person or organization that owns property that is rented to tenants.

• Landlord

• An agreement that requires a tenant to stay for a specific amount of time and restricts the landlord’s ability to change the terms

• Lease

• An agreement for an unspecified amount of time, with rent usually payable on a monthly basis.

• Month – to – month

• Rental agreement

• An individual’s income after taxes are paid.

• Net Income

• A regular payment made to an owner or landlord for the right to occupy or use property

• Rent

• Unspent Income.

• Savings

• Money required for leasing or renting property as security against tenant’s failure to fulfill the contract.

• Security deposit

• A person who rents property for a fixed period of time.

• Tenant

• A two-story town dwelling in a block of 2, 3, & 4 and with limited garden space.

• Townhouse

• An apartment available to be rented without furniture

• An unfurnished apartment

• A service such as electricity, gas, or water that is provided by a public utility

• Utility

• A cost or obligation that occurs regularly but may vary in amount (utilities, groceries, telephone)

• Variable expense

• The idea that everyone in the US has the chance to achieve and prosper

• American Dream

• A self-contained residence, situated with other similar units, in a large building

• Apartment

• A plan for spending & saving money during a particular period

• Budget

• Expenses are greater than income

• Budget Deficit

• Income is greater than expenses

• Budget surplus

• An individually owned unit, similar to an apartment with shared areas that are jointly owned

• Condominium

• A legally binding agreement, such as one for the sale or rental of something

• Contract

• A cost or obligation that is determined by personal wants and needs and may and may be controlled

• Discretionary expense

• An individual’s income after taxes and other living expenses are paid

• Disposable income

• The forced leaving of a tenant because they failed to live up to the rental agreement.

• Eviction

• A cost or obligation to meet a need or pay a debt

• Expense

• A cost or obligation that occurs regularly & doesn’t vary in amount.

• Fixed expense

• An apartment available to be rented with furniture

• Furnished apartment