What Is a Venn Diagram?

Components, Examples, and Applications. What is a Venn Diagram? A Venn diagram is a pictorial representation of the relationships between sets, groups of objects, or ideas. Venn diagrams are used to visually organize and compare information, and to find relationships between different concepts. There are three main types of Venn diagrams: – overlapping sets – … Read more

What Is a Silent Second Mortgage?

A silent second mortgage is a second mortgage that is not disclosed to the first mortgage lender. The borrower usually uses the proceeds from the silent second mortgage for a down payment on the property. The main reason borrowers take out silent second mortgages is to avoid paying private mortgage insurance (PMI). Borrowers who put … Read more

What Is a Realized Loss?

A realized loss is a decrease in the value of an asset that has already been sold or otherwise disposed of. A realized loss is considered to be “realized” when the asset is no longer held by the taxpayer. For tax purposes, a realized loss is generally treated as a Deductible Loss. This means that … Read more