Residential Rental Property Is Defined as Property from Which More

question 32

True/False

Residential rental property is defined as property from which more than 80% of the gross rental income is rental income from dwelling units.

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Definitions:

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governments, entitling them to receive fixed interest payments.

Retractable

A bond (or preferred shares) with a retractable feature allows the holder to sell the bond (or preferred shares) back to the issuer before maturity at a preset price.

Holdings

Holdings refer to the securities and assets owned by an investor or investment fund.

Sinking Funds

Sinking funds are reserve accounts set aside by an organization for the purpose of repaying debt or replacing assets in the future.