Question | Answer |
Consumer | someone who buys goods or services |
disposable income | money income after all taxes on it have been paid |
discretionary income | money income left after necessities have been bought and paid for |
consumerism | movment to educate the buyers about what they purchase s they make and to demand better and safer products from manufacturers |
comparison shopping | buying strategy to gte the best buy fro the money |
warranty | the promise mad by the manifactuer or a seller to repair or replace a product within a certain time period |
budget | a plan for making and spending money |
income | money recieved from working |
expense | money spent on goods and services |
credit | money borrowed to pay for a good or service |
annual precentage rate | annual cost of credit expressed as a precentage of the amount borrowed |
collateral | property or valuable item serving as a security for a loan |
bankruptcy | complex systems with many departments, many rules, and many poeple in the chain of command |
save | to set aside income for a period of time so that it can be used later |
interest | the paymeny people recieve when they lend the moneyor allow someone else to use their money |
priciple | a rule of conduct |
return | profit earned through investing |
stock | ownership share of a corperation |
dividend | payment of a portion of a company's earnings |
bond | contract to repay borrowed money with interestat a specific time in the future |
mutual fund | pools of money from many people who are investing |
impulse buying | purchasing an item on the spot because of an emotional rather than planned decision |