Chapter 14 Vocab- Investing in Mutual Funds, Real Estate, and Other Choices

A(n) _ fund invests in a mixture of common stocks, preferred stocks, and bonds.

Balanced

Land or buildings that produce rental income, such as stores, hotels, and duplexes are _ property.

Commercial

Livestock, crops, or copper (quantities of goods) are examples of _.

Commodities

In a(n) _ investment, the investor holds legal title to the property.

Direct

A(n) _ is a building with tow separate living quarters.

Duplex

A(n) _ is a group of several different mutual funds.

Family of Funds

A(n) _ is an agreement to buy or sell a commodity at a specified future date.

Futures Contract

Natural stones, such as diamonds and rubies, are examples of _.

Gems

A(n) _ fund purchases international stocks and bonds as well as U.S securities.

Global

A(n) _ fund invests in the common stocks of well-managed, rapidly growing companies.

Growth

A(n) _ fund invests in income-producing securities.

Income

Using a down payment and borrowing the rest is called _.

Leverage

A _ is a sales fee paid when you by a mutual fund through a broker.

Load

A(n) _ is used to borrow money for a home purchase.

Mortgage

A _ fund does not charge a sales fee when you buy or sell because no salespeople are involved.

No-Load

A(n) _ is an investment in a pool or mortgages that have been purchased by a government agency.

Participation Certificate

Gold, silver, and platinum are examples of _.

Precious Metals

A person called a(n) _, collects rent and maintains property for an owner.

Property Manager

Information about how a fund operates, its portfolio, and its goals is called the _.

Prospectus

A _ is a corporation that pools the money of many individuals to invest in real estate.

Real Estate Investment Trust (REIT)