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