- Principal
- The initial amount of money on which interest, returns, or tax liabilities are calculated.
- Interest rate
- The percentage charged or earned per period on the principal, expressed as an annual rate unless stated otherwise.
- Compounding
- The process by which interest is added to the principal so that subsequent interest is earned on the combined amount.
- Present value
- The current worth of a future sum, discounted at a given rate to account for the time value of money.
- Habitability violation
- A key concept referenced by the Habitability Violation Fine: Estimate fines and rent reduction rights for uninhabitable rental conditions. Tenants may withhold rent, sue for rent reduction, or terminate lease for serious habitability defects. Municipal code violations: $100–$10,000/day.
- Rent withholding
- A key concept referenced by the Habitability Violation Fine: Estimate fines and rent reduction rights for uninhabitable rental conditions. Tenants may withhold rent, sue for rent reduction, or terminate lease for serious habitability defects. Municipal code violations: $100–$10,000/day.
- Uninhabitable rental
- A key concept referenced by the Habitability Violation Fine: Estimate fines and rent reduction rights for uninhabitable rental conditions. Tenants may withhold rent, sue for rent reduction, or terminate lease for serious habitability defects. Municipal code violations: $100–$10,000/day.
- Warranty of habitability
- A key concept referenced by the Habitability Violation Fine: Estimate fines and rent reduction rights for uninhabitable rental conditions. Tenants may withhold rent, sue for rent reduction, or terminate lease for serious habitability defects. Municipal code violations: $100–$10,000/day.
- Code violation fine
- A key concept referenced by the Habitability Violation Fine: Estimate fines and rent reduction rights for uninhabitable rental conditions. Tenants may withhold rent, sue for rent reduction, or terminate lease for serious habitability defects. Municipal code violations: $100–$10,000/day.