Homeownership wk 1
Flashcard
•
English
•
11th Grade
•
Hard
+12
Standards-aligned
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the definition of ethnicity?
Back
Ethnicity is the quality or fact of belonging to a population group or subgroup made up of people who share a common cultural background or descent.
2.
FLASHCARD QUESTION
Front
What is collateral in the context of loans?
Back
Collateral is something pledged as security for repayment of a loan, to be forfeited in the event of a default.
3.
FLASHCARD QUESTION
Front
What does gentrification refer to?
Back
Gentrification is the process of change in the character of a neighborhood through the influx of more affluent residents (the 'gentry') and investment.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
4.
FLASHCARD QUESTION
Front
What is foreclosure?
Back
Foreclosure is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments.
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
5.
FLASHCARD QUESTION
Front
What are seaboards?
Back
Seaboards refer to a region bordering the sea; the coastline.
Tags
CCSS.RI.11-12.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RL.11-12.4
CCSS.RL.9-10.4
6.
FLASHCARD QUESTION
Front
What are the implications of defaulting on a loan?
Back
Defaulting on a loan can lead to the loss of collateral and negatively impact credit scores.
7.
FLASHCARD QUESTION
Front
How does gentrification affect local communities?
Back
Gentrification can lead to increased property values and displacement of long-term residents, altering the social fabric of local communities.
Tags
CCSS.RI.4.3
CCSS.RI.5.3
CCSS.RI.6.3
CCSS.RI.7.3
CCSS.RI.8.3
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