This semester, I have an accounting course and when I first started the course, I was having headaches from the numerous terminologies that accounting has like bad credit rating home finance loans. I mean, I know that mortgage relates to your house and I think equity to your assets but other terms like refinance loan mortgage rates are way too confusing for me. My uncle, who was a tax lawyer from Florida, gave me a few simple tips like
1.) Look for the keyword within the term like mortgage, equity and rates
2.) Memorize every single accounting word because Accounting likes to mix its jargon
3.) Associate the meaning of the entire phrase to its keyword – like home equity finance rates, with its keyword being equity and rates.
Despite the tips that my uncle has given me, it’s still hard to memorize.