Examlex
It is important to allow upper elementary children to select some modifications designed for children in grades K-2.
Advance Rental Payments
Prepayments of rent, often required by landlords, accounted for before the period of use or occupancy.
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.
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