Examlex
What is step 7 of the steps for effective investment planning?
Subject
In general terms, this refers to the main topic or entity being discussed or analyzed.
FMV
Fair Market Value; the price an asset would sell for on the open market between a willing buyer and a willing seller.
Basis
The amount of investment in an asset for tax purposes, used to calculate gain or loss on the asset's sale.
Debt
Debt signifies an amount of money borrowed by one party from another, often with the agreement that it will be repaid, usually with interest, at a future date.
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