chapter 20 Word Scramble
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Term | Definition |
consumer | a person who buys goods and services |
disposable income | money income left after all taxes on it have been paid |
discretionary income | money income left after necessities have been bought and paid for |
consumerism | a movement to educate buyers about the purchases they make and demand better and safer products from manufacturers |
comparison shopping | buying strategy to get best buy for the money |
warranty | the promise by the manufacturer or seller to replace a faulty item within certain time period |
budget | a plan for making and spending money |
income | money received from labor, business, or property |
expense | money spent on goods and services |
credit | money borrowed to pay for a good or sevice |
annual percentage rate (APR) | annual cost of credit expressed as a percentage of the amount borrowed |
collateral | a property or valuable item serving as security for a loan |
bankruptcy | inability to pay debts |
save | to set aside some money to use later |
interest | the payment people receive when they lend money or allow someone else to use there money |
principal | most important |
return | profit earned through investing |
stock | ownership share of a corporation |
dividend | payment of a portion of a company's earnings |
bond | a contract to repay borrowed money with interest at a specific time in the future |
mutual fund | pools of money from many people who are interested in a selection of individuals stocks and bonds chosen by financial experts |
impulse buying | when you buy something that interests you but is not needed |
Created by:
robertolulecaballero
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