Examlex
When we are forced to make choices we are facing the concept of:
Mortgage
A loan secured by real property, typically used to purchase the property itself, where the borrower agrees to repay the lender over a period of time.
Gain/Loss
The financial result from the sale of assets or investments, measured as the difference between the selling price and the purchase price.
Purchased
Acquired by paying money or its equivalent; involves obtaining ownership of a good or service in exchange for monetary value.
MAGI
MAGI stands for Modified Adjusted Gross Income, a measure used in the U.S. tax code to determine eligibility for certain tax benefits by modifying the adjusted gross income with specific additions or deductions.
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