The replacement cost endorsement ensures that the policy pays out replacement cost which is the value to replace that used refrigerator or television with a brand - new one
rather than its current value.
In taxable accounts, if the adjusted cost basis of your investment is
less than its current value, you may be liable for taxes on capital gains.
When the Vancouver condo market turned in 2008 many pre-sale buyers found themselves with a contract price that was much
higher than the current value of the unit.
The problem is that it's more
promise than current value, even less so than was evident in the fledgling «Internet» a generation ago.
If you put less than 20 % down on your new car and take out a loan for more than four years, you will commonly owe more on your
car than its current value - at least for the first two years of your loan.
For instance, when the Vancouver condo market turned in 2008 many pre-sale buyers found themselves with a contract price that was much
higher than the current value of the unit.
Now many of these buyers find themselves with a mortgage that is higher
than the current value of their property and a much harsher job market.
In Scotland, pensions are valued by obtaining a CETV of the fund as at the relevant date (i.e. separation)-- and there may be situations where a relevant date value
rather than a current value could make a significant difference.
The best choice for individuals who currently have a Freddie Mac - held mortgage and may owe
more than the current value of their property.
If the reference credit in the CDS should sharply deteriorate, the long position could lose much more
than its current value.
The new value means that a galaxy roughly 1 million light years away is moving away from us at 20.59 kilometres per second — less
than the current value.
This implies that Delta Airlines stock is valued at $ 78.32 per share, which is much higher
than the current value (as of writing this).
If the seller is unreasonable and keeps the asking price higher
than the current value (and it does happen, some sellers are delusional), it's okay to walk away from the deal.
Specifically, we learned that yield on cost means to compute your portfolio's yield based on the original amount spent rather
than its current value:
If the cost to repair the truck is less
than its current value, your insurer will pay the cost to repair it.
Since these accounts are tax - deferred, when one of you receives an Equitable Distribution of these types of assets, you will owe taxes on them when you take them out upon retirement so in reality they are worth about 25 % to 33 % less
than their current value.
The cost to rebuild a home actually could be more than what you could sell it for, and insurance usually has to cover how much is owed on a person's mortgage, even if it's more
than the current value of the home, experts say.
Also, there is a moratorium stating that lenders can not collect any more
than the current value of the foreclosed property.
«If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher
than its current value.»
Real estate values have plummeted and lots of people in Florida are underwater — their mortgage is higher
than the current value of their home.
CoreLogic estimates 95.4 % of California homeowners with mortgages have equity, with only 4.6 % of mortgages underwater — where consumers owe more
than the current value of their home.