Question

What is the term for the possibility of financial loss resulting from the ownership of property?

Option 1: Capital expenditure
Option 2: Property tax
Option 3: Depreciation
Option 4: Risk

Answer 1

Risk is the term for the possibility of financial loss resulting from the ownership of property.

Step-by-step explanation:

Risk is the term for the possibility of financial loss resulting from the ownership of property.

When you own property, there is always a chance that the property's value could decrease or that you could incur expenses related to maintenance or repairs.

These potential financial losses are considered risks of property ownership.