A CVT does not strictly require the presence of a clutch. Nevertheless, in some vehicles (e.g. motorcycles), a centrifugal clutch is added to facilitate a neutral stance, which is useful when idling or manually reversing into a parking space.
To avoid financial disasters such as bankruptcy or foreclosure, first-time home buyers should conduct thorough research on real estate prices, neighborhoods and financing options.
Definition and Eligibility. The terms that define eligibility for first-time homebuyer status are found within the federal tax code under Section 36(c)(1). It explains that a party must not have had ownership interest in a principal residential property within 3 years before buying a new home.