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HACE

  1. Liquid Assets
    Assets held in the form of cash or “near cash”
  2. Investment
    Assets that earn a return rather than provide a service
  3. Real Property
    Immovable property; long lives and high costs; mostly appreciate in value
  4. Personal Property
    Moveable; mostly depreciate in value
  5. Fair Market Value
    Price at which we can reasonably expected to sell asset
  6. Types of Liquid Assets
    • Checking Account
    • Savings Account
    • NOW Account
    • MMDA
    • MMMF
    • CD if <1 year
  7. Types of Investments
    • Stocks and Bonds
    • Closed-end Funds
    • Mutual Funds
    • Retirement Funds
    • IRA
    • 401K
    • CD if >1 year
    • Real Estate
  8. Real Property
    • Single family houses, condominiums, cooperatives
    • Vacation homes
    • Land and buildings on property
  9. Personal Property
    • automobiles
    • recreation equipment
    • household items
    • jewelry
    • artwork
Author
Anonymous
ID
45276
Card Set
HACE
Description
HACE2100
Updated

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