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Sati [7]
1 year ago
15

All definitions are correct except: Leverage: using other people's money. Equity buildup: As the loan is paid, the amount an inv

estor has invested increases, thus decreasing the loan and increasing equity. Liquidity: how fast the property can be sold. Basis: an income tax term meaning how much the property is currently worth.
Business
1 answer:
Verizon [17]1 year ago
7 0

The definition that is not correct is that Leverage: using other people's money.

<h3>What is leverage?</h3>

When it comes to property, using leverage means borrowing money from a bank or financial institution.

Leverage is therefore not a simple matter of using other people's money, but rather using complex loan instruments from institutions.

Find out more on property mortgage at brainly.com/question/22598793.

#SPJ12

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