Alphabetical Index

12-month rule, 232
60-day rollover, 260

ABLE, 249, 859
ACA premium subsidy cliff, 797
accelerated vesting, 101
access device, 62
accomplishment of natural growth, 13
accountable plan, 227
accredited investor, 303, 423, 574
accredited investors, 548
ACH, 63, 64
ACP test, 269
acquisition value, 679
ACTC, 97
active income, 95
active participation, 527
actual cash value, 740
actuarial method, 611
ACY, 406
adaptive market hypothesis, 410
adequate disclosure, 894
ADL, 723, 731
ADP test, 269
ADR, 422
advance rates, 597
adverse possession, 549
AEOB, 711, 712
affiliate, 299
affiliated service group, 268
AFR, 233, 234, 431, 606, 608, 620, 852, 861, 881
AGB, 712
AGI, 87, 93, 96, 123, 136, 138, 139, 141, 159, 167, 171, 203, 207, 211, 226, 232, 259, 262, 292, 351, 527, 617–619, 657, 720, 725, 755–757, 763, 764, 766, 777, 786, 790, 792, 795, 797, 798, 806, 811, 814, 820, 855, 903
AIME, 770, 771
Alimony, 819
altamirage, 4
alternate payee, 817
AMI, 514, 625
amortization, 40
AMT, 102, 105, 134, 136, 141, 143, 152, 169, 187, 188, 191, 301, 344, 345, 430
annual percentage rate, 42
annual recurring revenue (ARR), 589
annuity, 40, 703
annuity due, 41
antifragility, 367
AOTC, 111, 289, 293
Applicable Federal Rate, 263
APY, 42
arithmetic return, 386
ARM, 358, 621, 666
Art Advisory Panel, 762
asset location, 247
asset sale, 238
assignment-of-income doctrine, 107
assortative mating, 11
assumable mortgage, 666
augmented estate, 812
AUM, 444, 624
AUR, 175
authorized participants, 302
authorized shares method, 219
avalanche method, 21

baby bonds, 425
balanced fund, 345
bankruptcy estate, 112
BAPCPA, 113, 253, 747–749, 751, 805
basic rate, 359
basis points, 37
BDC, 435
BEA, 309, 311, 312
Behavioral Health Services Tax, 650
bend points, 770
beta, 321
bid-ask spread, 398
birthday rule, 716
blocker corporation, 582
BLS, 6, 308, 311, 312, 508, 583, 773
BOE, 731
BOI, 884
bond, 301
    maturity, 301
bond tent, 775
bracket creep, 312
break-even, 42
break-even point, 216
broad housing ratio, 649
brokerage account, 82
brokerage sweep program, 75
brokered CDs, 434
Brunner test, 616
BSA, 76
bucket rule, 132
bull call spread, 458
bunching, 757
burn multiple, 589
Burn rate, 589
business appraiser, 816
business cycle, 307
buy to close, 460
buy to open, 460
buy-sell agreement, 222, 882
buyer-representation agreement, 664
buying a distribution, 436
buying the dividend, 436

C-corporation, 216
C-CPI-U, 312
CAC payback period, 589
CAGR, 38, 322, 362, 386, 428, 468
CAL, 333, 334
calmar ratio, 327
cancellation of debt, 666
CAPE, 413
capital asset, 90
capital gain, 160
capital interest, 213
capital loss, 160
CAPM, 369, 370, 408
carried interest, 577, 586, 591, 592
carry trade, 601
carryover basis, 108, 819
cash, 73
cash balance, 270
cash management account, 78
cash ratio, 54
cashless collar, 424
CBO, 623
CD, 26, 70, 90, 122, 126, 127, 160, 168, 251, 298, 337, 396, 433
CDC, 688
CDFI, 242
CDI, 709
Certification of Non-Foreign Status, 556
certification of trust, 841
Certified Divorce Financial Analyst, 816
CFAA, 895
CFPB, 61, 63, 613, 627, 628, 630, 656, 675, 676
CFTC, 186, 487, 499
Chapter 13, 112
Chapter 7, 112
charging order, 750
charitable lead annuity trust, 96
Charitable Lead Trust, 856
Charitable Remainder Trust, 853
cheapest to deliver, 494
check-the-box election, 217
checking account, 73
chronically ill individual, 723
Churn rate, 589
CIT, 373
CLAT, 856
clawback, 578
closed-end fund, 435
closing auction, 400
CLT, 843, 869
CLUT, 856
CMS, 709, 711, 806
COBRA, 707, 717, 786, 822, 824
CoC, 515, 517
coefficient of determination, 322
coherent risk measure, 329
COI, 691–695, 697
coinsurance penalty, 740
COLA, 282, 283, 312
commercially reasonable security procedure, 77
commingling, 809
community property, 809
community property trusts, 67
Compound interest, 36
concerted cultivation, 13
conservatorship, 834
constant-yield method, 431
constructive ownership transaction, 498
constructive sale, 424
contemporaneous written acknowledgment, 758
continuation fund, 579
controlled group, 268
conversion factor, 494
correlation, 316
cost basis, 84
coupon, 301
covariance, 316
covered call, 467
covered expatriate, 158
coverture fraction, 818
CPA, 176, 840
CPI, 27, 34, 143, 308, 360, 526, 724, 740, 748
CPI-U, 35, 36, 312, 427
CPI-W, 36, 312, 773
CRA, 82
CRAT, 781, 853, 854
creation/redemption, 302
credit cards, 79
credit score, 81, 675
cross-tested, 269
CRT, 780, 826, 828, 839, 843, 849, 856
CRUT, 781, 854, 856
CSRS, 748
CST, 865
CTA, 884
CTC, 97
CTR, 76
CU, 71
cultural capital, 12
Cumulative, 425
currency controls, 566
currency matching, 601
current ratio, 53
currently not collectible, 134
CUSIP, 304
custodial account, 68, 825
custodian, 73
Customer acquisition cost (CAC), 588
customer concentration, 589
CVAR, 328
CVLI, 600
cyclical stocks, 414

D/E, 359, 406
D/TA, 54
DAF, 171, 207, 437, 438, 756, 757, 760, 763–765, 795
DAPT, 746, 750–752, 785, 826, 828, 839, 842, 843, 846, 849, 858, 873
dark pool, 399
date of separation, 815
DBA, 225
DCA, 337, 383, 385
DCF, 33, 45, 413
DCFSA, 158, 159, 286
debit card, 79
debt swap, 633
decanting, 877
deed in lieu of foreclosure, 632
deed of trust, 549, 665
deemed filing, 772
defensive stock, 414
Deferred Sales Trust, 543
deflated Sharpe ratio, 324
deflation, 36
delayed-retirement credits, 772
demand loan, 596
demand loans, 596
deposit placement network, 75
depreciation recapture, 180, 238
derivative, 305
    futures, 305
    options, 305
    swaps, 305
difference in conditions, 741
direct indexing, 163, 436
direct listing, 304
Direct Registration System, 83
disclaimer trust, 864, 887
discount rate, 39
disposition, 192
disqualified person, 766
disqualifying disposition, 102
disregarded entity, 524
diversification, 1
dividend, 301, 404
    ordinary, 405
    qualified, 405
dividends, 301
DMA, 398
DMHC, 709
domestic abuse victim, 120
double taxation, 216
downside risk, 367
DPC, 706, 710, 717, 718
DPI, 580
DRIP, 83, 90, 405
DSCR, 513, 514
DSPP, 84
DST, 543, 546–548, 573
DSUE, 866, 867, 885
DTI, 512, 596, 623, 648, 650, 658, 675
due-on-sale clause, 550, 624, 667
durable consumer good, 640
durable power of attorney, 805, 834, 896
duration, 427
DV01, 494
DVA, 899
dynamic withdrawal, 49
dynasty 529, 292

early withdrawal penalty, 434
Earned income, 88
earnings yield, 405
ECA, 712, 713
economic connectedness, 10
economic cycle, 307
economic nexus, 223
EDB, 901, 903
EDGAR, 274, 407, 448
effective annual rate, 42
efficient frontier, 333
EFTA, 64, 79
EIN, 200, 219, 225, 255, 428, 842, 847, 899
EITC, 96
elective share, 812
eligible contract participant, 499
eligible worker-owned cooperative, 240
elimination period, 738
emergency fund, 115
emergency personal expense distribution, 120
Energy Efficient Home Improvement Credit, 670
enterprise goodwill, 818
enterprise value, 411
EOT, 242
EPO, 706, 707
EPS, 405, 413
equation of exchange, 313
equity, 297, 299
equity REITs, 303
equity risk premium, 409
ERISA, 73, 104, 240–242, 253, 269, 276, 373, 707, 709, 743, 746, 747, 751, 809, 812, 817, 823
ESBT, 215, 879
ESOP, 104, 239–242, 244, 405
ESPP, 103, 173, 174, 191
estate tax inclusion period, 869
estimated tax, 137
ETC, 445
ETF, 70, 82, 83, 160, 162, 163, 180, 183, 193, 255, 298, 302, 303, 341–343, 345, 380, 382, 383, 388, 398–400, 403, 404, 423, 424, 438, 440, 444, 452, 457, 465, 468, 479, 482–484, 496, 498, 595, 597, 635, 692, 705, 752, 901
ETN, 302, 303, 440, 443–445
ETP, 440, 596
EV, 614, 615
excess benefit, 766
excess business holdings, 766
excess business loss, 202
excess kurtosis, 329
exchange accommodation titleholder, 542
exchange fund, 423
executive functions, 12
exempt-function income, 221
exit tax, 895
expected value, 55, 316
expense ratio, 343
exponential growth, 6, 37
extrinsic value, 459

F reorganization, 219, 238
factor, 388
FAFSA, 69
fail to deliver, 403
family limited partnership (FLP), 108
family reserve, 607
Fannie Mae, 622, 623, 648, 671
FAP, 712, 713
fat tails, 329, 366
FATCA, 77, 158, 569, 602, 881
FBAR, 77, 158, 569, 602, 697, 751, 753, 808, 823, 881
FCBA, 64, 79, 80
FCF, 406, 411
FCF yield, 406
FCRA, 81, 506
FDIC, 61, 70, 71, 74, 75, 79, 118, 299, 433, 705, 805
FERS, 281, 748, 817
FERS Special Retirement Supplement, 282
FFEL, 619
FHA, 196, 511, 519, 520, 621, 624, 630, 657, 665–667, 671, 678
FHFA, 513, 622, 623, 657
FICA, 120, 166, 207, 233, 732, 738, 770, 818
FICO, 81
fideicomiso, 566
field of membership, 71
FIFO, 162
financial capital, 6, 9, 15, 47
financial instability hypothesis, 19
FinCEN, 76, 158, 227, 555, 569, 602, 751, 849
FINRA, 61, 298, 305, 391, 401, 435, 456, 597, 897
FIRPTA, 555–558
first time abate, 136
Fisher relation, 314
5-year account establishment clock (Roth), 281
5-year conversion clock (Roth), 281
5-year look-back period (Medicaid), 859
five-year rule, 257
fixed-rate reset, 425
fixed-rate reset preferred stock, 425
Fixed-to-floating, 425
fixed-to-floating preferred stock, 425
FLP, 853, 894
FLSA, 95, 109
FMV, 99, 187–190, 213, 555, 556, 757, 759
for-benefit-of, 76
Forecast contracts, 186
foreign earned income exclusion, 157
foreign tax credit, 157, 422
forensic accountant, 816
Form 8594, 238
forward market, 487
forward P/E, 405
FPL, 713
fraud alert, 65
fraudulent transfer, 751
Freddie Mac, 622, 623, 648, 671
free-look, 694
freeriding, 597
fringe benefits, 158
FSA, 93, 125, 157, 158, 248, 586, 707, 715, 722, 814
FTC, 64, 157, 158, 553, 566, 567, 750
FTD, 403
full-scale optimization, 367
fully-paid securities lending program, 403
future increase option, 731
future value, 39
futures, 305
    backwardation, 488
    basis, 488
    cheapest to deliver, 494
    contango, 488
    implied repo, 494
    roll, 492
    roll yield, 493
    spot, 488
FV, 39, 783

GDP, 44, 308–310, 411
general partner, 522
general power of appointment, 844
genetic nurture, 11
geometric mean, 34
geometric return, 386
GFE, 710, 712
GGM, 411
GIC, 729
GILTI, 568, 569
Gordon growth model, 44
GPO, 282, 774
grantor trust letter, 547
GRAT, 635, 636, 823, 825–828, 839, 843, 849, 851, 852, 860, 861, 869, 871, 891
gross profit ratio, 544
gross return on equity, 595
gross valuation misstatement, 762
Growth, 301
GST, 826, 828, 830, 839, 841, 842, 852, 857, 861, 864–866, 871, 877, 879
GST trust, 868
GSTT, 130, 292, 866, 867
Guaranteed payments, 213
Guyton-Klinger rules
    capital preservation rule, 782
    portfolio management rule, 782
    prosperity rule, 783
    withdrawal rule, 782

HAF, 521, 625
hard-to-borrow, 403
hardship withdrawal, 280
hardship withdrawals, 280
HCAI, 713
HCE, 269
HDHP, 124, 248, 284, 285, 660, 685, 706, 708, 711, 714
HEA, 628
healthcare power of attorney, 834
HECM, 629, 630
hedge finance, 19
hedge ratio, 464
hedonic adaptation, 52
hedonic treadmill, 52
Heggstad petition, 848
HEL, 511, 625
HELOC, 26, 31, 81, 118, 135, 358, 511, 596, 625–627, 630, 632–634, 645, 652, 653, 666, 675
HEMS, 828, 833, 839, 845, 857, 866, 869–871
HIPAA, 834
historical volatility, 319
HMO, 706, 707, 715, 721, 723
HOA, 124, 221, 517, 522, 536, 537, 553, 625, 649
holographic will, 831
homestead exemption, 748
housing lock, 631
housing ratio, 649, 650
HSA, 23, 25, 73, 119, 125, 130, 144, 157, 197, 232, 247, 248, 261, 262, 278, 284, 348, 375, 385, 599, 619, 633, 635, 660, 685, 706, 714, 718, 720, 722, 725, 769, 780, 784, 786, 789, 790, 801, 806, 812, 814, 818, 836, 839, 841
human capital, 5, 47, 351, 353, 358

IBR, 616, 617, 619
IDD, 878
identity theft, 63
IDGT, 636, 823, 825–828, 839, 843, 846, 848, 851, 861, 869, 871, 877, 891
idiosyncratic risk, 359, 361, 423
IDR, 616–620
ILIT, 31, 600, 635, 637, 687, 690–692, 696, 702, 751, 785, 824, 826–828, 839, 840, 843, 849, 850, 868, 892, 893
ILPA, 575
implied repo rate, 494
imputed interest, 606
imputed rent, 642, 659
in-kind creation and redemption, 438
in-the-money, 100
inclusion event, 167
inclusion ratio, 867
income in respect of a decedent, 902
indenture, 430
inflation, 33
ING, 876
initial margin, 490
innocent-spouse relief, 811
inside basis, 181, 213
installment sale, 239, 543
insurance contract, 703
integrated benefit limit, 731
interest coverage ratio, 406
intermediate sanctions, 766
International Securities Identification Number, 305
interval fund, 435
intrafamily mortgage, 608
IntraFi, 75, 76
intrinsic value, 459
investor control doctrine, 884
IOU, 301
IPI, 310
IPO, 100, 103, 106, 300, 304, 435, 457, 574, 576, 579, 590, 601, 760
IRA, 1, 15, 23, 26, 53, 72–75, 82–84, 88, 91, 103, 110, 134, 135, 140, 142, 144, 157, 164–166, 180, 184, 194, 195, 214, 232, 236, 247, 249, 252, 254–257, 259–262, 271–273, 275–277, 279, 290, 303, 336, 343, 344, 348, 374, 378, 384, 387, 388, 404, 422, 427, 431, 438, 451, 486, 500, 574, 582, 593, 599, 602, 633, 636, 661, 703, 704, 719, 720, 743, 746–749, 751, 761, 764, 765, 769, 776, 780, 784–786, 790–793, 795, 796, 800, 803–806, 809, 812, 813, 817, 819, 835, 836, 838, 839, 856, 901, 902
IRC, 3, 4, 14, 15, 30, 58, 67–69, 71–73, 77, 87–100, 102–108, 110–112, 115, 119, 120, 122, 123, 129–135, 137–139, 141, 144, 151, 157–159, 162–167, 169, 173–176, 178, 180–190, 192–196, 199–208, 211, 213–223, 226–245, 252, 253, 255–260, 262–266, 268–271, 273–281, 283–285, 287–290, 292–295, 301–303, 312, 344, 345, 347, 348, 372, 379, 387, 388, 402–405, 422–424, 427–431, 434, 436, 437, 439, 440, 444, 446–452, 465–467, 472, 473, 477, 478, 482–487, 493, 494, 498–502, 524, 527–530, 532–536, 538–547, 553, 554, 556–561, 563, 566–568, 570, 574, 577, 578, 582, 584, 586–588, 592, 593, 595, 600, 602, 605–608, 618, 620, 632, 633, 635, 636, 641, 657, 660, 661, 666, 668–670, 672, 673, 677, 680–682, 691–693, 695–698, 701–703, 705, 707, 709, 712–714, 723, 725, 726, 731, 733, 737, 743, 747, 756–762, 764–767, 770, 776–780, 786, 790, 792–798, 800, 801, 803, 808, 809, 811–814, 817–823, 827, 836–838, 840, 842, 844, 846–857, 859–872, 875, 877–882, 884–895, 899–902, 904
IRMAA, 93, 122, 345, 428, 661, 686, 704, 707, 715, 718–720, 764, 769, 777, 780, 786, 789–793, 795–798, 800, 801, 806, 824, 891, 903
IRR, 6–8, 33, 46, 168, 205, 515, 579, 580, 591, 693, 694
IRS, 1, 22, 58, 64, 65, 69, 77, 80, 88–91, 94, 96, 98, 109, 110, 113, 130–136, 138, 144–147, 149, 150, 152, 155–157, 159, 160, 162–165, 169, 171, 173, 174, 176–179, 181, 183, 184, 186, 189, 190, 192, 193, 195–197, 199–203, 205, 206, 208, 211–215, 217, 218, 222, 225–227, 229, 230, 233–237, 243, 244, 253, 255, 256, 260, 261, 266, 268, 269, 273, 278, 286–288, 388, 402, 428, 444, 449, 451, 466, 473, 506, 511, 524, 526, 528–532, 535, 536, 538, 539, 541, 543, 546, 550, 555–557, 560–569, 571, 577, 584, 586, 588, 600, 603, 606, 621, 625, 629, 632, 633, 636, 642, 664, 665, 668–671, 677, 695, 697, 701, 707, 713, 714, 719, 728, 731, 749, 755, 757, 758, 760–762, 767, 777, 785, 791, 793, 795, 806, 807, 810, 811, 814, 820, 822, 826, 827, 835, 837, 853, 860, 870, 884, 885, 889
ISDA, 498
ISO, 101, 102, 105, 142, 143, 174, 187, 188, 191, 430, 739
IUL, 600, 691, 694

joint and several liability, 811
JTWROS, 67, 813, 888
Jumbo, 657

Kelly criterion, 393
Kiddie Tax, 69
Kurtosis, 329

large-loss principle, 685
Last Month Rule, 285
LEAPS, 455, 466, 477
letter of intent, 859
leverage, 58
leverage multiplier, 359
lex situs, 566
life settlement, 697
lifestyle inflation, 52
Lifetime value (LTV), 588
Lifetime Wealth Ratio, 16
limit order, 397
limited margin, 500
limited partners, 522
liquidation preference, 100
liquidity, 53, 122
liquidity cascade, 26
liquidity drag, 116
listed transactions, 237
living will, 834
LLC, 1, 126, 166, 200, 202, 204, 212, 214, 215, 217–221, 223–226, 228, 245, 275, 505, 512, 524, 539, 542, 553–555, 560–562, 567, 569, 584, 592, 675, 743, 746, 750–752, 760, 793, 826, 828, 840, 863, 881, 894
LLTC, 112, 289, 293
lockup, 100
loss aversion, 17
lowest qualified benchmark, 466
LP, 124, 181, 275, 577–579, 582, 590–593
LPFSA, 159, 286, 715, 722, 723
LTCG, 160, 161, 165, 166, 168, 473, 619, 720, 780, 790, 794–797, 806
LTV, 623, 631, 656, 658, 672, 675, 679
lump-sum distribution, 777

Macaulay duration, 427
MACRS, 201, 203, 526–529, 531
MAGI, 93, 94, 107, 141, 160, 178, 179, 191, 197, 230, 231, 259, 264, 345, 428, 429, 535, 538, 620, 641, 661, 668, 669, 707, 719–721, 786, 790, 792, 795–798, 811, 813
maintenance margin, 490
management fee, 592
management-fee waiver, 578
MAPT, 859
MAR ratio, 327
margin call, 82, 401, 490, 596
margin trading, 401
market discount, 429
Market diversity, 370
market risk, 408
market-based sourcing, 223
marriage bonus, 811
marriage penalty, 140, 811
married filing separately, 96
master lease, 547
material participation, 95
materially participate, 95
maturity, 301
maximum drawdown, 326
MBS, 339, 430, 622, 623
mean-variance analysis, 367
MEC, 600, 691, 697
MedFSA, 159, 286, 722, 723
Medicaid payback, 859
Medicare Advantage, 716
Medigap, 716
Medigap Open Enrollment, 716
Mental Health Services Tax, 650
Merton share, 394
MF, 298, 301
MFA, 62
minimum acceptable return, 324
mixed straddle, 486
MLP, 175, 179, 180, 303, 424, 449, 785
    unit, 303
MMA, 433
MMF, 117, 118, 121–124, 126, 309, 337
modified duration, 427
modified endowment contract, 798
modified internal rate of return, 47
MOIC, 580
monetized installment sale, 543
money market fund, 433
Money Market Funds, 78
money-weighted return, 47
Monthly recurring revenue (MRR), 589
mortality credits, 704
mortgage boot, 546
mortgage constant, 516
mortgage REITs, 303
MPT, 333, 365–369
MSRB, 298, 428
MSRP, 615
multi-year guaranteed annuity, 705
MWR, 330

NACUBO, 291
naked call, 461
naked put, 461
nanny tax, 97
NAR, 536, 652, 664, 682, 683
NAREIT, 337
National Standards for the Physical Inspection of Real Estate, 514
NAV, 78, 301, 433, 435, 440, 441, 577
NAV loan, 579
NBER, 308
NCHS, 686
NCUA, 61, 70, 71, 433, 614
negative bond, 361, 362
negative convexity, 430
negative equity, 631
negative leverage, 516
negative skewness, 329
Net dollar retention (NDR), 589
net income, 20
net unrealized appreciation, 778
net worth, 15
NFA, 487
NFIP, 744
NIIT, 15, 28, 90, 93, 110, 115, 121, 131, 138, 140, 151, 160, 162, 168, 171, 183, 184, 186, 191, 193, 215, 217, 228, 233, 238, 388, 403, 423, 429, 445, 448, 451, 457, 473, 477, 485, 535, 545, 558, 566, 568, 619, 636, 650, 661, 670, 680, 760, 762, 780, 784, 790–792, 796–798, 811, 819, 820, 877–879
NIMCRUT, 854
no-contest clause, 829
NOI, 513, 515, 516, 524
non-compete payments, 238
non-covered securities, 175
non-cumulative, 425
non-purpose credit, 598
non-purpose loan, 72
nonbank custodian, 73
nonequity options, 484
normal backwardation, 493
notional amount, 305, 497
notional principal contracts, 499
novation, 456
NPC, 614
NPV, 45, 46, 642, 662
NSA, 709
NSO, 101, 103, 105, 187–189, 191
NUA, 786, 806

OBBBA, 30, 89, 93, 125, 141–143, 159, 164, 167, 172, 191, 196, 197, 201, 202, 204, 205, 207, 211, 227, 228, 230, 235, 249, 286, 288, 302, 312, 348, 429, 430, 448, 451, 524, 530, 535, 558, 578, 579, 600, 607, 616–618, 633, 641, 650, 657, 668–670, 687, 702, 706, 707, 757, 780, 785, 790, 794, 808, 834, 855, 867, 885
OCC, 456, 458, 501
offshore bond, 696
oic mills, 136
OID, 427, 431, 444
omega ratio, 325
omitted spouse, 812
operation of law, 835
opportunity cost, 14, 73, 641, 643
option writer, 456
options, 305, 455
    call, 181, 305
    collar, 459, 471
    put, 181, 305
    spread, 458
    straddle, 458, 474
    strangle, 459, 475
ordinary annuity, 41
outside basis, 213
overdraft, 74
own-occupation, 730

P/E, 405, 413
partition, 863
partnership, 212
partnership representative, 214
pass-through entity tax, 230
passive income, 95
patronage dividends, 221
payment for order flow, 399
PBGC, 236, 271
PCE, 28, 35, 36, 115, 308, 312
per capita, 835
per stirpes, 835
perpetuity, 42
Personal Financial Data Rights, 63
personal goodwill, 238, 239, 818
PFIC, 421, 422, 439, 568, 586, 696
phantom income, 136, 445
PIA, 770
pierce the corporate veil, 225
PIN, 63
PITI, 525, 623, 649, 658
pledged asset line (PAL), 595
PME, 578, 580
PMI, 196, 622, 639, 649, 651, 655, 658, 660, 671, 675
PMPT, 365, 367–369
POD, 68, 825, 836, 900
POLST, 834
Ponzi finance, 19
pooled trust, 859
portfolio income, 95
portfolio margin, 401
post-closing liquidity reserve, 658
post-money SAFE, 585
post-money SAFEs, 585
postnuptial agreement, 808
PPI, 308, 531
PPLI, 695–697, 703, 826, 884
PPO, 706, 707, 715, 721
pre-money SAFE, 585
pre-money SAFEs, 585
pre-statement cleardown, 80
precomputed, 611
preferred partnership freeze, 861
preferred return, 522, 577
premium, 305
premium financing, 600
prenuptial agreement, 808
prepaid forward contract, 444, 587
prepaid variable forward, 424
present value, 39
price improvement, 399
price-to-rent ratio, 646
principal residence, 671
Private Activity Bonds, 430
Private equity, 303
private equity, 303, 573
private foundation, 765
Private Placement Life Insurance, 884
private real estate fund, 522
pro-rata rule, 194, 265
probate, 30, 703, 825
professional association, 214
professional corporation, 214
professional limited liability company, 214
profitability index, 46
profits interest, 213, 577
progressive savings rate, 20
prohibited transaction, 273
PropCo, 220
Proposition 13, 641, 679
Proposition 19, 669
Proposition 8, 669
prospect theory, 17
prospectus, 304
provisional income, 793
PSLF, 616–620
psychic income, 659
PTE, 101
public float, 407
Public Service Loan Forgiveness (PSLF), 616
publicly traded partnership, 214
purchase and assumption, 75
purchase-money, 665
PV, 5, 39, 45, 46, 358

QBI, 89, 201, 222, 227, 451, 524, 554, 566, 721
QCD, 253, 720, 764, 765, 777, 780, 786, 792, 795, 801, 806
QDIA, 372
QDOT, 828, 841, 865
QDRO, 817
QLAC, 777
QM, 675
QPA, 709
QPRT, 826, 827, 839, 843, 862, 863, 887
QSBS, 105, 129, 190, 217–219, 228, 574, 586–588, 592, 593, 820
QSST, 215, 879
QTIP, 828, 864
qualified appraisal, 759, 761
qualified charitable distribution, 764
qualified covered call, 466
qualified disaster recovery distribution, 120
qualified intermediary, 541
qualified nonrecourse financing, 539
qualified payment, 862
qualified plan loan offset, 120, 602
qualified publicly traded partnership income, 451
qualified purchaser, 303, 424, 574, 591, 884
qualified replacement property, 240
qualified residence, 673
qualified small business stock, 228
qualified thrift lender, 71
quasi-community property, 810

rabbi trust, 95
RAP, 125, 616–619, 868
rate of return, 39
rate-shopping, 80
RBD, 902
Real estate professional, 534
real estate professional, 527, 539
real income, 34
reasonable cause, 136
reasonable collection potential, 136
reasonable compensation, 215
rebalancing, 386
rebalancing bonus, 387
recast, 677
receivership certificate, 75
reference group, 52
Reg SHO, 403
Regulation E, 62, 63, 79
Regulation FD, 408
Regulation SHO, 403
Regulation T, 491
Regulation Z, 79
Regulation D, 78
REIT, 27, 221, 247, 260, 264, 275, 302, 329, 335, 337, 342–344, 347, 364, 375, 379, 380, 382, 396, 424, 446, 498, 507, 522, 523, 525, 547, 548, 568, 573, 721, 781, 785
    equity, 303
    mortgage, 303
relationship pricing, 624
Relative arbitrage, 370
relative risk aversion, 385, 394
REO, 506
repo, 433, 494
repurchase obligation, 242
required rate of return, 45
resale certificate, 225
Residential Clean Energy Credit, 670
restricted, 299
restricted stock, 299
retirement, 47
reverse-QTIP election, 864
revocable living trust, 68
RIC, 221, 434, 435, 493, 498
RILA, 703, 779
risk parity, 365, 370, 378, 387
RLT, 825, 836
RMD, 73, 141, 254, 257, 261–263, 348, 661, 704, 720, 765, 776–778, 783, 784, 787, 790–796, 800, 802, 806, 838, 891, 900, 902
roadshow, 304
ROE, 58, 406
ROI, 508, 510, 515, 534
ROIC, 406, 412
roll, 492
roll yield, 493
Rothschild partnership, 904
round-trip transaction costs, 643
RSA, 99
RSU, 16, 19, 88, 99, 103, 105, 122, 123, 147, 148, 151, 153, 156, 163, 172, 175, 191, 252, 299, 310, 355, 457, 473, 645, 676, 686, 731, 736
RUFADAA, 826, 834, 895, 896
Rule 10b5-1 plan, 170
Rule 15c3-3, 82
Rule of 40, 589
Rule of 72, 38
Rule of 78s, 611
runway, 589

S-corporation, 215
SAA, 628
SAFE, 219, 229, 583–588
safe harbor, 136
SAI, 69, 289, 291
Sales Schedule, 450
SALT, 78, 93, 123, 140, 142, 196, 197, 207, 211, 230, 243, 245, 429, 641, 668, 669, 756, 811
sample variance, 316
SAR, 103
savings account, 78
SB 132, 230
SBLOC, 26, 31, 118, 119, 124, 125, 595, 597, 617, 629, 630, 632–634, 636, 637, 651, 675, 721, 797, 798, 806
scheduled personal property, 744
scheduled personal property floater, 741
scholastic dispositions, 13
SDI, 22, 58, 151, 650, 728, 729, 734, 735
SDIRA, 194, 273, 274
SEC, 61, 72, 78, 85, 121, 205, 274, 298, 304, 374, 391, 399, 400, 403, 407, 422, 438, 456, 499, 501, 503, 575, 591, 597
section 338(h)(10) election, 238
secured debt, 608
Securities-Backed Line of Credit (SBLOC), 74
security, 297
SEDOL, 305
see-through trust, 903
self-dealing, 766
self-directed IRA, 73
Self-Directed Solo 401(k), 274
self-employment tax, 212
self-serving bias, 419
sell to close, 460
sell to open, 460
sell-to-cover, 99
separate legal capacity, 82
separate property, 809
SEPP, 263
sequence of returns risk, 48
Series LLC, 220
severe cognitive impairment, 723
Shannon’s Demon, 386
sharpe ratio, 323, 361
short sale (real estate), 631
short selling, 402
short squeeze, 402
SIM swap, 62
simple interest, 611
sinking fund, 116
SIPC, 72, 82, 84, 299, 403, 805
Skewness, 329
SLAT, 751, 752, 785, 808, 823, 825, 826, 828, 839, 843, 870, 877, 891
SMA, 436
snowball method, 21
social capital, 9
social homogamy, 11
social reproduction, 13
SOFR, 309, 401, 497, 595, 598, 601, 620, 666, 797
sold-out junior, 666
sole proprietor, 212
sortino ratio, 324, 367
SPAC, 304
special needs trust, 858
specific identification, 162
specified service trade or business, 227
speculative finance, 19
spendthrift clause, 858
springing LLC, 546
SPT, 365, 369
SRO, 298
SSA, 64, 678, 720, 733, 770, 786, 814, 823, 891, 898
SSDI, 728, 729, 732, 733, 736
SSI, 732, 850, 858, 859, 879
SSN, 62, 63, 82, 159, 225, 428, 676
SSNRA, 729
stacking rule, 157
stagflation, 36
standard deviation, 316
state disability insurance, 734
statutory conversion, 218
statutory resident, 803
step-up in basis, 437, 887
still-working exception, 776
stock, 299
    split, 301
stock sale, 238
stop order, 397
straddle, 185, 466, 478
straight-line method, 526
strategic debt, 21
strategic default, 632
strategic line expansion, 80
strike price, 305
STRIPS, 121, 394, 431
structured note, 445
subscription credit line, 579
substantial economic effect, 213
substantial valuation misstatement, 762
substitute payments in lieu of dividends, 403
substitution of entitlement, 624
superfund, 288
Supplement, 716
surprise bill, 709
survival floor, 19
swap, 305, 497
SWR, 48, 50, 371, 769, 770
syndication, 522

T-bills, 396
tail policy, 745
tangible property regulations, 537
tax avoidance, 206
tax evasion, 206
tax torpedo, 794
tax-equivalent yield, 78
tax-loss harvesting, 162
taxable expenditures, 766
TBE, 749, 752, 785
TCJA, 106, 120, 142, 143, 164, 166, 191, 196, 197, 202, 231, 312, 413, 430, 448, 530, 532, 545, 643, 668, 669, 721, 756, 757, 780, 790, 792, 816
TDF, 371, 376
term premium, 432
throwback rule, 876
throwback rules, 881
ticker, 301
time decay, 463
time diversification, 342
time under water, 327
time value of money, 33
timing luck, 386
TIN, 110, 159, 200
TIPS, 27, 35, 36, 90, 145, 169, 301, 308, 312, 314, 315, 337, 345, 351, 353, 372, 381, 382, 396, 427, 431, 783
TOD, 68
top-heavy, 269
Total addressable market (TAM), 589
TPA, 236, 243, 269, 271, 272
tracking difference, 441
trader tax status (TTS), 164
trailing P/E, 405
tranching, 386
transaction broker, 665
transaction of interest, 237
transfer incident to divorce, 817
transmutation, 810
Treasury Bills, 78
TRS, 498
trust, 825, 837
trust company, 73
trustee, 825
trustee-to-trustee transfer, 285
TSP, 281
TVPI, 580
TWAP, 400
TWR, 330, 580

UBTI, 180, 194, 214, 221, 273–275, 303, 446, 451, 500, 574, 582, 785, 855
UCC, 77
UDFI, 194, 274, 276, 500, 582, 793
UFIPA, 838, 877
UGMA, 68, 290
UIT, 435
ulcer index, 327
unemployment rate, 309
Uniform Coverage Rule, 286
Uniform Prudent Investor Act, 838
units, 303
unrealized gain or loss, 162
unrecaptured Section 1250 gain, 448
unrecaptured §1250 gain, 88
unrelated debt-financed income, 855
unsecured debt, 302
UPC, 835
USDA, 196, 511, 622, 624, 666, 678
USRPHC, 556
USRPI, 555–557
UTC, 838
UTMA, 68, 279, 290, 825, 831, 832
UVTA, 751

VA, 511, 519, 619, 621, 624, 656, 665, 666, 671, 678, 704, 705, 748
value, 301
value trap, 415
VAR, 328
variable prepaid forward contract, 587
variable prepaid forward contracts, 587
variance, 29, 315
VC, 124, 215, 582, 583, 588–590, 592
velocity, 313
venture capital, 573
volatility, 317, 336
volatility drag, 322, 386
volatility skew, 475
volatility smile, 457
VUL, 600, 691, 692, 694, 884
VWAP, 400

WACC, 411, 412
wash-sale, 437
Wealth Discipline Ratio, 16
WEP, 282, 774
will, 30, 825, 829
WL, 600, 691
working interest, 96

YTM, 426

Zero-day-to-expiration, 464