Intestate
~~> Dying without a will. The distribution of their assets will be
determined by a probate court.
1031 Exchange
~~> A swap of one real estate investment property for another that
allows capital gains taxes to be deferred. The term—which gets its
name from Section 1031...
✓ ~~> The risk of one's purchasing power decreasing as a result of an
increase in inflation. Inflation is most devastating to bond prices since
the interest and principal are usually fixed in terms of dollar amounts.
Increase inflation will send bond prices downward.
Inflation rate is pro-cyclical (moving in the same direction as the economy as
a whole) but will lag by a year or more.
Reinvestment Risk
✓ ~~> The risk that market interest rates have decreased at the time
payments from an investment are received. An investor is forced to
reinvest his payment amount at a time when rates are not as favorable
as they may have been previously.
Market Risk
✓ ~~> This risk stems from factors independent of any particular
security. Factors include political events, broad economic and social
changes, and the mood of the investing public.
It is systemic in the sense that the price of any security can rise or fall in
reaction to these larger company's financial condition.
Exchange Rate Risk (Currency Risk)
Master01 | September, 2024/2025 | Latest update
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
