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chapter 20 vocabular

Civics

QuestionAnswer
someone who buys a good or service Consumer
money income left after all taxes on it have been paid Disposable income
money income left after necessities have been bought and paid for Discretionary income
a movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers Consumerism
buying strategy to get best buy for the money Comparison Shopping
the promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it is faulty Warranty
a plan for making and spending money Budget
money received from labor, business, or property Income
money spent on goods and services Expense
money borrowed to pay for a good or service Credit
annual cost of credit expressed as a percentage of the amount borrowed Annual Percentage Rate (APR)
property or valuable item serving as security for a loan Collateral
inability to pay debts Bankruptcy
to set aside income for a period of time so that it can be used later Save
the payment people receive when they lend money or allow someone else to use their money Interest
the most important Principal
profit earned through investing Return
ownership share of a corporation Stock
payment of a portion of a company's earnings Dividend
contract to repay borrowed money with interest at a specific time in the future Bond
pools of money from many people who are invested in a selection of individual stocks and bonds chosen by financial experts Mutual Funds
purchasing an item on the spot because of an emotional rather than planned decision Impulse Buying
Created by: whitneybutler
Popular American Government sets

 

 



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