In one sentence, describe what the following article is about: An inspection is a standard part of any home purchase. You should include a clause where the purchaser acknowledges that he or she has been advised to have the home inspected. Sample language could read: "Purchaser acknowledges that it has been recommended that Purchaser hire, at Purchaser's own expense, the services of a professional inspector to inspect the property." You can then include a space for the purchaser to initial. Sometimes the purchaser will want the added protection of getting an inspection before finalizing the agreement. If so, you should state that the sale is contingent on the property inspection. You could write, "This offer is contingent upon Purchaser, at Purchaser's expense, obtaining a property inspection and reports. The inspection may include the structural, mechanical, pest, and physical conditions relating to the property. Written notice shall be provided to Seller or Seller's agent within five business days of acceptance of this agreement." The purchaser may also waive the inspection. If so, include a line for the purchaser to initial their agreement to waive inspection. You might get back a bad inspection report. In this situation, the purchaser might not to want to go through with the sale as is. Accordingly, you should explain options that each side can take: The purchaser could accept the condition. The seller could correct the condition and provide an inspector's certification that the condition has been corrected. The purchaser and seller will negotiate a settlement. The seller does nothing and the agreement becomes null and void within a certain number of days after the seller receives the inspection reports. You can include a provision where the buyer acknowledges that he or she has been advised to have a survey performed. If the purchaser decides to waive a survey, then you can include that information. Ask the purchaser to place their initials beside any waiver.
Summary: Warn the buyer to get an Inspection. State whether the sale is contingent on an inspection. Identify options if the inspection is unsatisfactory. Recommend that the purchaser get a survey.

In one sentence, describe what the following article is about: The phrase "zero coupon bond" applies to any bond that will not provide any coupon or interest payments during the life of the bond. As a result, the only payment you expect will be the payment of the face value of the bond when it reaches maturity. To find out, ask the broker who is selling the bonds whether the bond will be making coupon payments or not. Although the price of a zero coupon bond may seem obvious -- that it should be the face value -- the price actually takes into account a deduction for the time you must wait until maturity. For example, $1,000 to be paid in five years is not as valuable as $1,000 that you could have today. Therefore, even a zero coupon bond needs to have its price calculated. The par value is the face value amount of the bond, which you will expect to receive when the bond reaches maturity. The par value should be evident if the bond is being offered for sale. If you have any question, ask the broker who is selling the bonds what its par value is. This is the interest value that you are promised to receive when the bond reaches maturity. This value should be made evident if the bond is being offered for sale. For example, a bond may be offered upon the terms that it is a $1,000 face value and a 6% yield over five-years. Although you will not be receiving interest payments over the life of the bond, you need to use a theoretical number of payment periods to calculate its value over time. The most common payment schedule is semi-annually. So to compare with these, you would select a number that is equal to the life of your bond, multiplied by two. For example, if you are considering a bond that matures in five years, you would used a number of payment periods of 5x2, which is 10. The bond's yield is presented as an annual figure, but you will be calculating the bond value based on semi-annual payments. For that reason, you would divide the yield in half. If the bond has an advertised yield of 6%, use the value of 3% (or 0.03) for the calculation of the bond's value. This halving of the yield correlates with the number of theoretical payment periods. The formula for finding the current value of a bond with zero coupon payments is P=M(1+i)n{\displaystyle P={
rac {M}{(1+i)^{n}}}}. The variables in this calculation are the data that you should know about the bond: M{\displaystyle M}. This is the face value of the bond at maturity. For the example above, this is 1000. i{\displaystyle i}. This is the interest rate, adjusted for the calculation purpose. Therefore, if you calculating a 6% yield, at theoretical semi-annual payments, you would use a value of i=0.03. Be sure to rewrite the percentage figure as the correct decimal value. n{\displaystyle n}. This represents the number of theoretical payments for the calculation. It will be the number of payments per year times the life of the bond. For this example, n=10. Applying the basic order of operations to the formula, calculating the value of the bond is fairly straightforward. Perform the operations as follows: Calculate the base of the denominator by adding 1+i{\displaystyle 1+i}. In the given example, this will result in 1.03. Apply the exponent to the denominator only. The exponent of n=10{\displaystyle n=10} means that your base of 1.03 is to be multiplied by itself ten times. This will give the result of 1.34. (You can do this by multiplying 1.03x1.03x1.03 for ten times. Alternately, if you have an advanced calculator with a "^" button, you can just enter "1.03^10" to get the result.) Perform the division last. The final step is to divide the face value by the denominator you have calculated. This gives the result of 1000/1.34, which is 746.27. Expressed in monetary terms, this would be a value of $746.27. A bond that will be worth $1,000 in five years, with no interest payments along the way, is always sold at a discounted rate. In this case, the discount should be the calculated value of $746.27.
Summary: Find out if you have a zero coupon bond. Determine the par value of the bond. Find out the bond's required yield. Calculate a theoretical number of payment periods. Adjust the bond's yield for the calculation. Use the calculation formula to find the current value of the bond. Calculate your bond value. Understand the meaning of the calculated value.

In one sentence, describe what the following article is about: The shirt may have long or short sleeves, but it should be a button-down shirt either way. Checkered is the most traditional, but white is also popular. Lederhosen are a type of traditional leather or suede breeches with suspenders attached. They usually extend to or just past the knees. Authentic lederhosen can be quite expensive, so check out costume shops or go online for cheaper options. You can also mimic the look by selecting a pair of brown, black, or dark green knee-length pants. The pants should be fairly plain and not have many pockets. Authentic lederhosen may come with suspenders, but if you buy them separately, try to find some that match the color of your lederhosen or pants. Going without suspenders is also acceptable. Slouch socks are knee-length cotton or wool socks. Off-white is traditional, but gray, light brown, and hunter green will also work. Often, they have a tassel. Many men wear the socks pulled up to the knee, but slouching them down a few inches above the ankle is more traditional. Typically, men whose lederhosen stop just above their knee wear their socks pulled up, while men whose lederhosen extend just below their knee wear their socks pushed down. If you cannot find authentic "Haferl" footwear, pick out a pair of black or dark brown leather loafers. The look is very similar, and will cost far less! Anything that looks similar to a rugged dress shoe will work. The Alpine hat is the traditional look for guys. It has a peaked top and wide brim. A band is usually wrapped around the base of the hat, and a feather is attached to it with thread.
Summary:
Wear a plain white or checkered button-down shirt. Buy a pair of lederhosen. Put on some suspenders. Add a pair of off-white slouch socks. Wear dark brown or black leather loafers. Don a wide-brimmed felt hat with a feather in it (optional).