Alphabetical Index

12-month rule, 234

351 conversion, 426

60-day rollover, 262

ABLE, 251, 868

ACA premium subsidy cliff, 807

accelerated vesting, 103

access device, 64

accomplishment of natural growth, 15

accountable plan, 229

accredited investor, 305, 425, 578

accredited investors, 552

ACH, 65, 66

ACP test, 271

acquisition value, 683

ACTC, 99

active income, 97

active participation, 531

actual cash value, 744

actuarial method, 615

ACY, 408

adaptive market hypothesis, 412

additional insured, 753

adequate disclosure, 901

ADL, 727, 735

ADP test, 271

ADR, 424

advance rates, 601

adverse possession, 553

AEOB, 715, 716

affiliate, 301

affiliated service group, 270

AFR, 236, 435, 610, 612, 624, 861, 888, 922

AGB, 716

AGI, 89, 95, 98, 125, 138, 140, 141, 143, 162, 170, 175, 207, 211, 213, 228, 234, 261, 264, 294, 353, 531, 621–623, 661, 724, 729, 765–767, 773, 774, 776, 787, 796, 800, 802, 805, 807, 808, 818, 823, 826, 832, 863, 914

AIME, 780, 781

Alimony, 831

altamirage, 4

alternate payee, 829

AMI, 518, 629

amortization, 42

AMT, 104, 107, 136, 138, 143, 145, 155, 173, 190, 192, 195, 303, 346, 347, 434

annual percentage rate, 44

annual recurring revenue (ARR), 593

annuity, 42, 707

annuity due, 43

antifragility, 369

AOTC, 113, 162, 291, 295

Applicable Federal Rate, 265

APY, 44

arithmetic return, 388

ARM, 360, 625, 670

Art Advisory Panel, 772

asset location, 249

asset sale, 240

assignment-of-income doctrine, 109

assortative mating, 13

assumable mortgage, 670

augmented estate, 824

AUM, 448, 628

AUR, 179

authorized participants, 304

authorized shares method, 221

avalanche method, 23

baby bonds, 429

balanced fund, 347

bankruptcy estate, 114

BAPCPA, 115, 255, 757, 759, 762, 817

basic rate, 361

basis points, 39

BDC, 439

BEA, 311, 313, 314

Behavioral Health Services Tax, 654

bend points, 780

beta, 323

bid-ask spread, 400

birthday rule, 720

blocker corporation, 586

BLS, 6, 310, 313, 314, 512, 587, 783

BOE, 735, 750, 755, 756

BOI, 892

bond, 303

bond tent, 785

BOP, 750, 753

bracket creep, 314

break-even, 44

break-even point, 218

broad housing ratio, 653

brokerage account, 84

brokerage sweep program, 77

brokered CDs, 438

Brunner test, 620

BSA, 78

bucket rule, 134

bull call spread, 462

bunching, 767

burn multiple, 593

Burn rate, 593

business appraiser, 828

business cycle, 309

buy to close, 464

buy to open, 464

buy-sell agreement, 224, 889

buyer-representation agreement, 668

buying a distribution, 440

buying the dividend, 440

C-corporation, 219

C-CPI-U, 314

CAC payback period, 593

CAGR, 40, 324, 364, 388, 432, 472

CAL, 335, 336

calmar ratio, 329

cancellation of debt, 670

CAPE, 415

capital asset, 92

capital gain, 164

capital interest, 215

capital loss, 164

CAPM, 371, 372, 410

carried interest, 581, 590, 595, 596

carry trade, 605

carryover basis, 110, 831

cash, 75

cash balance, 272

cash management account, 80

cash ratio, 56

cashless collar, 428

CBO, 627

CD, 28, 72, 92, 124, 128, 129, 163, 172, 253, 300, 339, 398, 437

CDC, 692

CDFI, 244

CDI, 713

Certification of Non-Foreign Status, 560

certification of trust, 851

Certified Divorce Financial Analyst, 828

CFAA, 906

CFPB, 63, 65, 617, 631, 632, 634, 660, 679, 680

CFTC, 189, 491, 503

CGL, 750, 752

Chapter 13, 114

Chapter 7, 114

charging order, 760

charitable lead annuity trust, 98

Charitable Lead Trust, 865

Charitable Remainder Trust, 862

cheapest to deliver, 498

check-the-box election, 219

checking account, 75

chronically ill individual, 727

Churn rate, 593

CIT, 375

claims-made, 751

CLAT, 865

clawback, 582

closed-end fund, 439

closing auction, 402

CLT, 877, 920

CLUT, 865

CMS, 713, 715, 818

COBRA, 711, 721, 796, 834, 836

CoC, 519, 521

coefficient of determination, 324

coherent risk measure, 331

COI, 695–699, 702

coinsurance penalty, 744

COLA, 284, 285, 314

commercially reasonable security procedure, 79

commingling, 821

community property, 821

community property trusts, 69

Compound interest, 38

concerted cultivation, 15

conservatorship, 845

constant-yield method, 435

constructive ownership transaction, 502

constructive sale, 428

contemporaneous written acknowledgment, 768

contingent business income, 755

continuation fund, 583

controlled group, 270

conversion factor, 498

correlation, 318

cost basis, 86

coupon, 303

covariance, 318

covered call, 471

covered expatriate, 161

coverture fraction, 830

CPA, 180, 850, 920

CPI, 29, 36, 145, 310, 362, 530, 728, 744, 758

CPI-U, 37, 38, 314, 431

CPI-W, 38, 314, 783

CRA, 84

CRAT, 791, 862, 863

creation/redemption, 304

credit cards, 81

credit score, 83, 679

cross-tested, 271

CRT, 790, 838, 859, 865, 918–920

CRUT, 791, 863, 865

CSRS, 758

CST, 874

CTA, 892

CTC, 99

CTR, 78

CU, 73

cultural capital, 14

Cumulative, 429

currency controls, 570

currency matching, 605

current ratio, 55

currently not collectible, 136

CUSIP, 306

custodial account, 70, 837

custodian, 75

Customer acquisition cost (CAC), 592

customer concentration, 593

CVAR, 330

CVLI, 604

cyclical stocks, 416

D/E, 361, 408

D/TA, 56

DAF, 175, 211, 441, 442, 766, 767, 770, 773–775, 805

DAPT, 756, 757, 761, 762, 795, 838, 853, 855, 858, 867, 880, 918–920

dark pool, 401

date of separation, 827

DBA, 227

DCA, 339, 385, 387

DCF, 35, 47, 415

DCFSA, 161, 162, 288

debit card, 81

debt swap, 637

decanting, 884

deed in lieu of foreclosure, 636

deed of trust, 553, 669

deemed filing, 782

defensive stock, 416

Deferred Sales Trust, 547

deflated Sharpe ratio, 326

deflation, 38

delayed-retirement credits, 782

demand loan, 600

demand loans, 600

deposit placement network, 77

depreciation recapture, 183, 240

derivative, 307

difference in conditions, 745

direct indexing, 166, 440

direct listing, 306

Direct Registration System, 85

disclaimer trust, 872, 894

discount rate, 41

disposition, 196

disqualified person, 776

disqualifying disposition, 104

disregarded entity, 528

diversification, 1

dividend, 303, 406

dividends, 303

DMA, 400

DMHC, 713

domestic abuse victim, 122

double taxation, 219

downside risk, 369

DPC, 710, 714, 721, 722

DPI, 584

DRIP, 85, 92, 407

DSCR, 517, 518

DSPP, 86

DST, 547, 550–552, 577

DSUE, 874, 875, 892

DTI, 516, 600, 627, 652, 654, 662, 679

due-on-sale clause, 554, 628, 671

durable consumer good, 644

durable power of attorney, 817, 845, 907

duration, 431

DV01, 498

DVA, 910

dynamic withdrawal, 51

dynasty 529, 294

early withdrawal penalty, 438

Earned income, 90

earnings yield, 407

ECA, 716, 717

economic connectedness, 12

economic cycle, 309

economic nexus, 225

EDB, 912, 914

EDGAR, 276, 409, 452

effective annual rate, 44

efficient frontier, 335

EFTA, 66, 81

EIN, 203, 221, 227, 257, 432, 852, 856, 910

EITC, 98

elective share, 824

eligible contract participant, 503

eligible worker-owned cooperative, 242

elimination period, 742

emergency fund, 117

emergency personal expense distribution, 122

employer learning, 9

Energy Efficient Home Improvement Credit, 674

enterprise goodwill, 830

enterprise value, 413

EOT, 244

EPO, 710, 711

EPS, 407, 415

equation of exchange, 315

equity, 299, 301

equity REITs, 305

equity risk premium, 411

ERISA, 75, 106, 242–244, 255, 271, 278, 375, 711, 713, 747, 750, 754, 756–758, 762, 821, 824, 829, 835

errors and omissions insurance, 750

ESBT, 217, 886

ESOP, 106, 241–244, 246, 407

ESPP, 105, 177, 178, 194, 195

estate tax inclusion period, 877

estimated tax, 139

ETC, 450

ETF, 72, 84, 85, 164, 166, 184, 187, 196, 257, 300, 304, 305, 343–345, 347, 382, 384, 385, 390, 400–402, 405, 406, 425, 426, 442, 444, 448, 457, 461, 469, 472, 483, 486–488, 500, 502, 599, 601, 639, 696, 709, 763, 903, 904, 906, 912

ETN, 304, 305, 444, 447–449

ETP, 444, 600

EV, 618, 619

excess benefit, 776

excess business holdings, 776

excess business loss, 206

excess kurtosis, 331

exchange accommodation titleholder, 546

exchange fund, 425

executive functions, 14

exempt-function income, 223

exit tax, 901

expected value, 57, 318

expense ratio, 345

exponential growth, 6, 39

extended reporting period, 751

extrinsic value, 463

F reorganization, 221, 240

factor, 390

FAFSA, 71

fail to deliver, 405

family limited partnership (FLP), 110

family reserve, 611

Fannie Mae, 626, 627, 652, 675

FAP, 716, 717

fat tails, 331, 368

FATCA, 79, 160, 573, 606, 888

FBAR, 79, 161, 573, 606, 701, 761, 763, 820, 835, 888, 905

FCBA, 66, 81, 82

FCF, 408, 413

FCF yield, 408

FCRA, 83, 510

FDIC, 63, 72, 73, 76, 77, 81, 120, 301, 437, 709, 817

FERS, 283, 758, 829

FERS Special Retirement Supplement, 284

FFEL, 623

FHA, 199, 515, 523, 524, 625, 628, 634, 661, 669–671, 675, 682

FHFA, 517, 626, 627, 661

FICA, 122, 162, 170, 210, 235, 736, 742, 780, 830

FICO, 83

fideicomiso, 570

fiduciary liability, 754

field of membership, 73

FIFO, 166

financial capital, 6, 11, 17, 49

financial instability hypothesis, 21

FinCEN, 78, 160, 229, 559, 573, 606, 761, 858, 905

FINRA, 63, 300, 307, 393, 403, 439, 460, 601, 816, 908

FIRPTA, 559–562, 904

first time abate, 138

Fisher relation, 316

5-year account establishment clock (Roth), 283

5-year conversion clock (Roth), 283

5-year look-back period (Medicaid), 868

five-year rule, 259

fixed-rate reset, 429

fixed-rate reset preferred stock, 429

Fixed-to-floating, 429

fixed-to-floating preferred stock, 429

FLP, 861, 901

FLSA, 97, 111

FMV, 101, 190–194, 215, 559, 560, 767, 769

for-benefit-of, 78

Forecast contracts, 189

foreign earned income exclusion, 160

foreign tax credit, 160, 424

forensic accountant, 828

Form 8594, 240

forward market, 491

forward P/E, 407

FPL, 717

fraud alert, 67

fraudulent transfer, 761

Freddie Mac, 626, 627, 652, 675

free-look, 699

freeriding, 601

fringe benefits, 161

FSA, 95, 127, 159, 161, 250, 590, 711, 719, 726, 826

FTC, 66, 160, 557, 570, 571, 760

FTD, 405

full-scale optimization, 369

fully-paid securities lending program, 405

future increase option, 735

future value, 41

futures, 307

FV, 41, 793

GDP, 46, 310–312, 413

general partner, 526

general power of appointment, 853

genetic nurture, 13

geometric mean, 36

geometric return, 388

GFE, 714, 716

GGM, 413

GIC, 733

GILTI, 572, 573

Gordon growth model, 46

GPO, 284, 784

grantor trust letter, 551

GRAT, 639, 640, 835, 837–839, 859–861, 869, 877, 879, 898, 918–920, 922

gross profit ratio, 548

gross return on equity, 599

gross valuation misstatement, 772

Growth, 303

GST, 838, 841, 851, 852, 861, 866, 869, 872, 873, 875, 879, 884, 886, 918, 919, 922

GST trust, 876

GSTT, 132, 294, 875

Guaranteed payments, 215

Guyton-Klinger rules

HAF, 525, 629

hammer clause, 751

hard-to-borrow, 405

hardship withdrawal, 282

hardship withdrawals, 282

HCAI, 717

HCE, 271

HDHP, 126, 250, 286, 287, 664, 689, 710, 712, 715, 718

HEA, 632

healthcare power of attorney, 845

HECM, 633, 634

hedge finance, 21

hedge ratio, 468

hedonic adaptation, 54

hedonic treadmill, 54

Heggstad petition, 857

HEL, 515, 629

HELOC, 28, 33, 83, 120, 137, 360, 515, 600, 629–631, 634, 636–638, 649, 656, 657, 670, 679

HEMS, 844, 850, 854, 866, 874, 877–879, 918, 919

HIPAA, 845

historical volatility, 321

HMO, 710, 711, 719, 725, 727

HNOA, 754

HOA, 126, 223, 521, 526, 540, 541, 557, 629, 653

holographic will, 842

homestead exemption, 758

housing lock, 635

housing ratio, 653, 654

HSA, 25, 27, 75, 121, 127, 132, 146, 159, 201, 234, 249, 250, 263, 264, 280, 286, 350, 377, 387, 603, 623, 637, 639, 664, 689, 710, 718, 722, 724, 726, 729, 779, 790, 794, 796, 799, 800, 811, 818, 824, 826, 830, 847, 849, 852

human capital, 5, 49, 353, 355, 360

IBR, 620, 621, 623

IDD, 885

identity theft, 65

IDGT, 640, 835, 837–839, 855, 857, 860, 869, 877, 879, 884, 898, 918–920, 922

idiosyncratic risk, 361, 363, 425

IDR, 620–624

ILIT, 32, 604, 639, 641, 691, 695, 696, 700, 706, 761, 795, 836, 838, 839, 850, 858, 859, 876, 899, 900, 904, 918–920

ILPA, 579

implied repo rate, 498

imputed interest, 610

imputed rent, 646, 663

in-kind creation and redemption, 442

in-the-money, 102

inclusion event, 170

inclusion ratio, 875

income in respect of a decedent, 913

indenture, 434

inflation, 35

ING, 883

initial margin, 494

innocent-spouse relief, 823

inside basis, 184, 215

installment sale, 241, 547

insurance contract, 707

integrated benefit limit, 735

interest coverage ratio, 408

intermediate sanctions, 776

International Securities Identification Number, 307

interval fund, 439

intrafamily mortgage, 612

IntraFi, 77, 78

intrinsic value, 463

investor control doctrine, 891

IOU, 303

IPI, 312

IPO, 102, 105, 108, 302, 306, 439, 461, 578, 580, 583, 594, 605, 770

IRA, 1, 17, 25, 28, 55, 74–77, 84–86, 90, 93, 105, 112, 136, 137, 142, 144, 146, 159, 168, 170, 184, 188, 197, 198, 216, 234, 238, 249, 251, 254, 256–259, 261–264, 273–275, 277–279, 281, 292, 305, 338, 345, 346, 350, 376, 380, 386, 389, 390, 406, 424, 431, 435, 442, 455, 490, 504, 578, 586, 597, 603, 606, 637, 640, 665, 707, 709, 723, 724, 747, 756–759, 762, 771, 774, 775, 779, 786, 790, 794–796, 800–803, 805, 806, 810, 813, 814, 817, 818, 821, 824, 825, 829, 831, 847, 849, 864, 865, 912, 913

IRC, 3, 4, 10, 11, 16, 17, 32, 60, 69–71, 73–75, 79, 89–102, 104–110, 112–114, 117, 121, 122, 124, 125, 131–137, 139–141, 143, 146, 153, 160–163, 166–170, 172, 173, 177, 179–181, 184–192, 194, 196–200, 202, 204–213, 215–226, 228–247, 254, 255, 257–262, 264–268, 270–273, 275–283, 285–287, 289–292, 294–297, 303–305, 314, 346, 347, 349, 350, 374, 381, 389, 390, 404–407, 424–428, 431–435, 438, 440, 441, 443, 444, 448, 450–457, 469–471, 476, 477, 481, 482, 486, 488–491, 497, 498, 502–506, 528, 531–534, 536–540, 542–551, 557, 558, 560–565, 567, 570–572, 574, 578, 581, 582, 586, 588, 590–592, 596, 597, 599, 604, 606, 609–612, 622, 624, 636, 637, 639, 640, 645, 661, 664, 665, 670, 672–674, 676, 677, 681, 684–686, 695–702, 705–707, 709, 711, 713, 716–718, 727, 729, 730, 735, 737, 741, 747, 755, 757, 766–772, 774–777, 780, 786–790, 796, 800, 802–808, 810, 811, 813, 815, 820, 821, 823–826, 829–835, 839, 847–850, 852, 853, 855–866, 868–880, 884–889, 891, 892, 894–905, 910–913, 915, 922, 923

IRMAA, 95, 124, 347, 432, 665, 690, 708, 711, 719, 722–724, 774, 779, 787, 790, 796, 799–803, 805–808, 810, 811, 818, 836, 898, 914

IRR, 6–8, 10, 35, 48, 171, 208, 519, 583, 584, 595, 697, 698

IRS, 1, 24, 60, 66, 67, 71, 79, 82, 90–93, 96, 98, 100, 111, 112, 115, 132–138, 140, 146–149, 151, 152, 155, 157, 159, 161, 164, 166, 168, 169, 173, 175–181, 183, 185, 187–190, 192, 194–200, 203–209, 212–217, 219, 220, 224, 227, 229, 232, 235–239, 245, 246, 255, 257, 258, 262, 263, 268, 270, 271, 275, 280, 288–290, 390, 404, 432, 448, 453, 455, 470, 477, 510, 515, 528, 530, 532–536, 539, 540, 542, 543, 545, 547, 550, 554, 559–561, 564–573, 575, 581, 588, 590, 592, 604, 607, 610, 625, 629, 633, 636, 637, 640, 646, 668, 669, 672–675, 681, 700–702, 706, 711, 717, 718, 723, 732, 735, 759, 765, 767, 768, 770–772, 777, 787, 795, 801, 803, 805, 818, 819, 822, 823, 826, 832, 834, 838, 839, 846, 848, 862, 869, 878, 891, 892, 896

ISDA, 502

ISO, 103, 104, 107, 144, 145, 178, 190–192, 194, 195, 434, 743

IUL, 604, 695, 698

joint and several liability, 823

JTWROS, 69, 825, 895

Jumbo, 661

Kelly criterion, 395

Key-person insurance, 755

Kiddie Tax, 71

Kurtosis, 331

large-loss principle, 689

Last Month Rule, 287

LEAPS, 459, 470, 481

letter of intent, 868

leverage, 60

leverage multiplier, 361

lex situs, 570

life settlement, 701

lifestyle inflation, 54

Lifetime value (LTV), 592

Lifetime Wealth Ratio, 18

limit order, 399

limited margin, 504

limited partners, 526

liquidation preference, 102

liquidity, 55, 124

liquidity cascade, 28

liquidity drag, 118

listed transactions, 239

living will, 845

LLC, 1, 128, 169, 204, 206, 208, 214, 216, 217, 219–222, 224–228, 230, 247, 277, 509, 516, 528, 543, 546, 557–559, 564–566, 571, 573, 588, 596, 679, 690, 747, 750, 754, 756, 760–762, 770, 803, 815, 838, 844, 850, 871, 889, 901, 918

LLTC, 114, 291, 295

lockup, 102

loss aversion, 19

lowest qualified benchmark, 470

LP, 126, 184, 277, 581–583, 586, 594–597

LPFSA, 161, 288, 719, 726, 727

LTCG, 164, 165, 169–172, 477, 623, 724, 790, 800, 804–807, 818

LTV, 627, 635, 660, 662, 676, 679, 683

lump-sum distribution, 787

Macaulay duration, 431

MACRS, 205, 207, 530–533, 535

MAGI, 95, 96, 109, 143, 164, 182, 195, 201, 232, 233, 261, 266, 347, 432, 433, 539, 542, 624, 645, 665, 672, 673, 711, 723–725, 796, 800, 802, 805–808, 823, 825

maintenance margin, 494

management fee, 596

management-fee waiver, 582

MAPT, 868

MAR ratio, 329

margin call, 84, 403, 494, 600

margin trading, 403

market discount, 433

Market diversity, 372

market risk, 410

market-based sourcing, 225

marriage bonus, 823

marriage penalty, 142, 823

married filing separately, 98

master lease, 551

material participation, 97

materially participate, 97

maturity, 303

maximum drawdown, 328

MBS, 341, 434, 626, 627

mean-variance analysis, 369

MEC, 604, 695, 701

MedFSA, 161, 288, 726, 727

Medicaid payback, 867

Medicare Advantage, 720

Medigap, 720

Medigap Open Enrollment, 720

Mental Health Services Tax, 654

Merton share, 396

MF, 300, 303

MFA, 64

minimum acceptable return, 326

mixed straddle, 490

MLP, 178, 182–184, 305, 426, 453, 795

MMA, 437

MMF, 119, 120, 123–126, 128, 311, 339

modified duration, 431

modified endowment contract, 808

modified internal rate of return, 49

MOIC, 584

monetized installment sale, 547

money market fund, 437

Money Market Funds, 80

money-weighted return, 49

Monthly recurring revenue (MRR), 593

mortality credits, 708

mortgage boot, 550

mortgage constant, 520

mortgage REITs, 305

MPT, 335, 367–371

MSRB, 300, 432

MSRP, 619

multi-year guaranteed annuity, 709

MWR, 332

NACUBO, 293

naked call, 465

naked put, 465

nanny tax, 99

NAR, 540, 656, 668, 686, 687

NAREIT, 339

National Standards for the Physical Inspection of Real Estate, 518

NAV, 80, 303, 437, 439, 444, 445, 581

NAV loan, 583

NBER, 310

NCHS, 690

NCUA, 63, 72, 73, 437, 618

negative bond, 363, 364

negative convexity, 434

negative equity, 635

negative leverage, 520

negative skewness, 331

Net dollar retention (NDR), 593

net income, 22

net unrealized appreciation, 788

net worth, 17

NFA, 491

NFIP, 748

NIIT, 17, 30, 92, 95, 112, 117, 123, 133, 140, 142, 153, 164, 166, 172, 175, 187, 188, 190, 194, 195, 197, 217, 220, 230, 235, 240, 390, 405, 425, 427, 433, 449, 452, 456, 461, 477, 481, 489, 539, 549, 562, 570, 572, 623, 640, 654, 665, 674, 684, 770, 772, 790, 794, 800–802, 806–808, 823, 831, 832, 884–886

NIMCRUT, 863

no-contest clause, 840

NOI, 517, 519, 520, 528

non-compete payments, 240

non-covered securities, 178

non-cumulative, 429

non-purpose credit, 602

non-purpose loan, 74

nonbank custodian, 75

nonequity options, 488

normal backwardation, 497

notice of circumstances, 752

notional amount, 307, 501

notional principal contracts, 503

novation, 460

NPC, 618

NPV, 47, 48, 646, 666

NSA, 713

NSO, 103, 105, 107, 190, 192–194

NUA, 796, 818

OBBBA, 32, 91, 95, 127, 143–145, 161–163, 168, 171, 175, 195, 199–201, 205, 206, 208, 211, 213, 229, 230, 232, 238, 251, 288, 290, 304, 314, 350, 433, 434, 452, 456, 528, 534, 539, 562, 582, 583, 604, 611, 620–622, 637, 645, 654, 661, 672–674, 692, 706, 711, 767, 790, 795, 800, 804, 820, 845, 863, 875, 892

OCC, 460, 462, 505

occurrence, 752

offshore bond, 700

oic mills, 138

OID, 431, 435, 448

omega ratio, 327

omitted spouse, 824

operation of law, 847

opportunity cost, 16, 75, 645, 647

option writer, 460

options, 307, 459

ordinary annuity, 43

outside basis, 215

overdraft, 76

own-occupation, 734

P/E, 407, 415

partition, 871

partnership, 214

partnership representative, 216

pass-through entity tax, 232

passive income, 97

patronage dividends, 223

payment for order flow, 401

PBGC, 238, 273

PCE, 30, 37, 38, 117, 310, 314

per capita, 847

per stirpes, 847

perpetuity, 44

Personal Financial Data Rights, 65

personal goodwill, 240, 241, 830

PFIC, 423, 424, 443, 572, 590, 701, 903, 905

phantom income, 138, 449

PIA, 780

pierce the corporate veil, 227

PIN, 65

PITI, 529, 627, 653, 662

pledged asset line (PAL), 599

PME, 582, 584

PMI, 199, 626, 643, 653, 655, 659, 662, 664, 675, 679

PMPT, 367, 369–371

POD, 70, 837, 847, 904, 911

POLST, 846

Ponzi finance, 21

pooled trust, 867

portfolio income, 97

portfolio margin, 403

post-closing liquidity reserve, 662

post-money SAFE, 589

post-money SAFEs, 589

postnuptial agreement, 820

PPI, 310, 535

PPLI, 699–701, 707, 838, 891

PPO, 710, 711, 719, 725

pre-money SAFE, 589

pre-money SAFEs, 589

pre-statement cleardown, 82

precomputed, 615

preferred partnership freeze, 870

preferred return, 526, 581

premium, 307

premium financing, 604

prenuptial agreement, 820

prepaid forward contract, 448, 591

prepaid variable forward, 428

present value, 41

price improvement, 401

price-to-rent ratio, 650

principal residence, 675

Private Activity Bonds, 433

Private equity, 305

private equity, 305, 577

private foundation, 775

Private Placement Life Insurance, 891

private real estate fund, 526

pro-rata rule, 198, 267

probate, 32, 708, 837

professional association, 216

professional corporation, 216

professional limited liability company, 216

profitability index, 48

profits interest, 215, 581

progressive savings rate, 22

prohibited transaction, 275

PropCo, 222

Proposition 13, 645, 683

Proposition 19, 673

Proposition 8, 673

prospect theory, 19

prospectus, 306

provisional income, 803

PSLF, 620–624

psychic income, 663

PTE, 103

public float, 409

Public Service Loan Forgiveness (PSLF), 620

publicly traded partnership, 216

purchase and assumption, 77

purchase-money, 669

PV, 5, 41, 47, 48, 360

QBI, 91, 205, 224, 229, 456, 528, 558, 570, 725

QCD, 255, 724, 774, 775, 787, 790, 796, 802, 805, 811, 818

QDIA, 374

QDOT, 851, 873, 918

QDRO, 829

QLAC, 787

QM, 679

QPA, 713

QPRT, 838, 839, 870, 871, 894, 919, 920

QSBS, 107, 131, 194, 219–221, 230, 578, 590–592, 596, 597, 832

QSST, 217, 886

QTIP, 872, 918

qualified appraisal, 769, 771

qualified charitable distribution, 774

qualified covered call, 470

qualified disaster recovery distribution, 122

qualified intermediary, 545

qualified nonrecourse financing, 543

qualified payment, 870

qualified plan loan offset, 122, 606

qualified publicly traded partnership income, 455

qualified purchaser, 305, 426, 578, 595, 891

qualified replacement property, 242

qualified residence, 677

qualified small business stock, 230

qualified thrift lender, 73

quasi-community property, 822

rabbi trust, 97

RAP, 127, 620–623, 876

rate of return, 41

rate-shopping, 82

RBD, 913

Real estate professional, 538

real estate professional, 531, 543

real income, 36

reasonable cause, 138

reasonable collection potential, 138

reasonable compensation, 217

rebalancing, 388

rebalancing bonus, 389

recast, 681

receivership certificate, 77

reference group, 54

Reg SHO, 405

Regulation E, 64, 65, 81

Regulation FD, 410

Regulation SHO, 405

Regulation T, 495

Regulation Z, 81

Regulation D, 80

REIT, 29, 223, 249, 262, 266, 277, 304, 331, 337, 339, 344–346, 349, 366, 377, 381, 382, 384, 398, 426, 451, 502, 511, 526, 527, 529, 551, 552, 572, 577, 725, 791, 795

relationship pricing, 628

Relative arbitrage, 372

relative risk aversion, 387, 396

REO, 510

repo, 437, 498

repurchase obligation, 244

required rate of return, 47

resale certificate, 227

Residential Clean Energy Credit, 674

restricted, 301

restricted stock, 301

retirement, 49

reverse-QTIP election, 872

revocable living trust, 70

RIC, 223, 426, 438, 439, 444, 497, 502

RILA, 707, 789

risk parity, 367, 372, 380, 389

RLT, 837, 848

RMD, 75, 143, 256, 259, 263–265, 350, 665, 709, 724, 775, 786–788, 793, 794, 797, 800–806, 810, 812, 818, 849, 898, 911, 913

roadshow, 306

ROE, 60, 408

ROI, 512, 514, 519, 538

ROIC, 408, 414

roll, 496

roll yield, 497

Rothschild partnership, 915

round-trip transaction costs, 647

RSA, 101

RSU, 18, 21, 90, 101, 105, 107, 124, 125, 149, 150, 153, 156, 159, 167, 176, 178, 194, 195, 254, 301, 312, 357, 461, 477, 649, 680, 690, 735, 740

RUFADAA, 838, 846, 906, 907

Rule 10b5-1 plan, 173

Rule 15c3-3, 84

Rule of 40, 593

Rule of 72, 40

Rule of 78s, 615

runway, 593

S-corporation, 217

SAA, 632

SAFE, 221, 231, 587–592

safe harbor, 138

SAI, 71, 291, 293

Sales Schedule, 454

SALT, 80, 95, 125, 142, 144, 200, 201, 211, 213, 232, 245, 247, 433, 645, 672, 673, 766, 823

sample variance, 318

SAR, 105

savings account, 80

SB 132, 233

SBLOC, 28, 33, 120, 121, 126, 127, 599, 601, 621, 633, 634, 636–638, 640, 641, 655, 679, 725, 807, 808, 818

scheduled personal property, 748

scheduled personal property floater, 745

scholastic dispositions, 15

SDI, 24, 60, 154, 654, 732, 733, 738, 739

SDIRA, 197, 275, 276

SEC, 63, 74, 80, 87, 123, 208, 276, 300, 306, 376, 393, 401, 402, 405, 409, 424, 442, 460, 503, 505, 507, 579, 595, 601, 815

section 338(h)(10) election, 240

secured debt, 612

Securities-Backed Line of Credit (SBLOC), 76

security, 299

SEDOL, 307

see-through trust, 914

self-dealing, 776

self-directed IRA, 75

Self-Directed Solo 401(k), 276

self-employment tax, 214

self-serving bias, 421

sell to close, 464

sell to open, 464

sell-to-cover, 101

separate legal capacity, 84

separate property, 821

SEPP, 265

sequence of returns risk, 50

Series LLC, 222

severe cognitive impairment, 727

Shannon’s Demon, 388

sharpe ratio, 325, 363

short sale (real estate), 635

short selling, 404

short squeeze, 404

SIM swap, 64

simple interest, 615

sinking fund, 118

SIPC, 74, 84, 86, 301, 405, 817

Skewness, 331

SLAT, 761, 762, 795, 820, 835, 837, 838, 878, 884, 898, 918–920

SMA, 440

snowball method, 23

social capital, 11

social homogamy, 13

social reproduction, 14

social-engineering fraud, 753

SOFR, 311, 403, 501, 599, 602, 605, 624, 670, 807

sold-out junior, 670

sole proprietor, 214

sortino ratio, 326, 369

SPAC, 306

special needs trust, 867

specific identification, 166

specified service trade or business, 229

speculative finance, 21

spendthrift clause, 866

springing LLC, 550

SPT, 367, 371

SRO, 300

SSA, 66, 682, 724, 737, 780, 796, 826, 835, 898, 909

SSDI, 732, 733, 736, 737, 740

SSI, 736, 859, 867, 868, 886

SSN, 64, 65, 84, 162, 227, 432, 680

SSNRA, 733

stacking rule, 160

stagflation, 38

standard deviation, 318

state disability insurance, 738

statutory conversion, 221

statutory resident, 813

step-up in basis, 441, 894

still-working exception, 786

stock, 301

stock sale, 240

stop order, 399

straddle, 189, 470, 482

straight-line method, 530

strategic debt, 23

strategic default, 636

strategic line expansion, 82

strike price, 307

STRIPS, 123, 396, 435

structured note, 449

subscription credit line, 583

substantial economic effect, 215

substantial valuation misstatement, 772

substitute payments in lieu of dividends, 405

substitution of entitlement, 628

superfund, 290

Supplement, 720

surprise bill, 713

survival floor, 21

swap, 307, 501

SWR, 50, 52, 373, 779, 780

syndication, 526

T-bills, 398

tail, 751

tail policy, 749

tangible property regulations, 541

tax avoidance, 210

tax evasion, 210

tax torpedo, 804

tax-equivalent yield, 80

tax-loss harvesting, 166

taxable expenditures, 776

TBE, 759, 762, 795

TCJA, 108, 122, 144, 145, 168, 170, 195, 199, 201, 205, 206, 233, 314, 415, 434, 452, 534, 536, 549, 647, 672, 673, 725, 766, 767, 790, 800, 802, 828

TDF, 373, 378

term premium, 436

throwback rule, 883

throwback rules, 888

ticker, 303

time decay, 467

time diversification, 344

time under water, 329

time value of money, 35

timing luck, 388

TIN, 112, 162, 203

TIPS, 29, 37, 38, 92, 147, 173, 303, 310, 314, 316, 317, 339, 347, 353, 355, 374, 383, 384, 398, 431, 435, 793

TOD, 70

top-heavy, 271

Total addressable market (TAM), 593

TPA, 238, 245, 271, 273, 274

tracking difference, 445

trader tax status (TTS), 168

trailing P/E, 407

tranching, 388

transaction broker, 669

transaction of interest, 239

transfer incident to divorce, 829

transmutation, 822

Treasury Bills, 80

TRS, 502

trust, 837, 848

trust company, 75

trustee, 837

trustee-to-trustee transfer, 287

TSP, 283

TVPI, 584

TWAP, 402

TWR, 332, 584

UBTI, 184, 197, 216, 223, 275–277, 305, 450, 455, 504, 578, 586, 795, 864

UCC, 79

UDFI, 197, 276, 278, 504, 586, 803

UFIPA, 849, 885

UGMA, 70, 292

UIT, 439

ulcer index, 329

unemployment rate, 311

Uniform Coverage Rule, 288

Uniform Prudent Investor Act, 849

units, 305

unrealized gain or loss, 166

unrecaptured Section 1250 gain, 452

unrecaptured §1250 gain, 90

unrelated debt-financed income, 864

unsecured debt, 304

UPC, 846

USDA, 199, 515, 626, 628, 670, 682

USRPHC, 560

USRPI, 559–561

UTC, 849

UTMA, 70, 281, 292, 837, 843

UVTA, 761

VA, 515, 523, 623, 625, 628, 660, 669, 670, 675, 682, 708, 709, 758

value, 303

value trap, 417

VAR, 330

variable prepaid forward contract, 591

variable prepaid forward contracts, 591

variance, 31, 317

VC, 126, 217, 586, 587, 592–594, 596

velocity, 315

venture capital, 577

volatility, 319, 338

volatility drag, 324, 388

volatility skew, 479

volatility smile, 461

VUL, 604, 696, 698, 891

VWAP, 402

WACC, 413, 414

waiver of subrogation, 753

wash-sale, 441

Wealth Discipline Ratio, 18

WEP, 284, 784

will, 32, 837, 840

WL, 604, 695

working interest, 98

YTM, 430

Zero-day-to-expiration, 468