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Living Will

A "living will" is a legal document setting forth the kind of medical care a person wants or doesn't want in the event of incapacity or a terminal illness.

 

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    Q: A mortgage on which payments are made every half month is called:

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   Short Sale

A "short sale" is the borrowing of a security from a stockbroker and selling it, with the expectation that it will later be bought back to close out the position (hopefully at a lower price) and returned to the broker. Short selling or shorting a stock is a bet that the price of the security will go down. If the price of the security goes up after the short sell, the investor will incur a loss after the position is closed out.
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