As Time Passes, Your Financial Position and Goals Are Likely

question 87

True/False

As time passes, your financial position and goals are likely to change so you will need to revise your financial plan.

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Definitions:

Stipulated Time

A specific period designated in an agreement or contract by which a certain action must be completed or fulfilled.

Market Value

Market value is the estimated price at which an asset or service would trade in a competitive auction setting.

Employment Contract

A formal agreement between an employee and employer outlining job duties, compensation, and terms of employment.

Option Contract

A contract which grants the holder the right, but not the obligation, to buy or sell an asset at a set price on or before a certain date.