Generally,minerals,crops,and Timber Are Personal Property Both While Attached to the Land

question 52

True/False

Generally,minerals,crops,and timber are personal property both while attached to the land and when severed from the land.

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Definitions:

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.

Current Yield

A financial ratio that calculates the annual interest or dividends received from an investment as a percentage of the current market price.

Coupon

The face value percentage that represents the yearly interest payment on a bond.

Semiannually

Occurring or conducted twice a year; typically refers to payments, reports, or evaluations made every six months.