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In the first stages of creative thinking, it is important to
Security Deposits
Funds held by a landlord as a financial protection against damage to property or unpaid rent by a tenant, to be returned at the end of a lease term under certain conditions.
Passive Activities
Economic activities in which the individual does not materially participate, often resulting in income or losses for tax purposes.
Passive Income
Income resulting from rental property, limited partnerships, or other enterprises in which a person is not actively involved.
Personal/Rental Property
Property owned by an individual that may be used for personal enjoyment or rented out to generate income.
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