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Chapter 20 & Stuff
| Term | Definition |
|---|---|
| consumer | someone who buys a product or service |
| disposable income | the money that remains after taxes on it have been paid |
| discretionary income | the money remaining after paying for necessities |
| consumerism | a movement to educate buyers about the purchases they make and to demand better and safer products from manufaturers |
| comparison shopping | buying stradegy to get best buy for money |
| warrenty | the promise made by manufacture or seller to fix broken product within a time limit |
| budget | a careful record of all the money you earn and spend |
| income | the money that a person earns |
| expenses | the money one spends on everything including what one choose to saves |
| credit | borrowing money to pay for something now while promising to pay it later |
| APR | the annual cost of credit expressed as a percentage of the amount borrowed |
| collateral | property such as a house, car, or any other valuable item, that borrowers pledges as security for a loan |
| bankruptcy | the inability to pay depts |
| save | set aside income for a time so you have it for use later |
| interest | the payment that people receive when they lend money |
| principal | the amount you initially deposited |
| return | profit earned by the investor |
| stock | partial ownership in a company |
| dividend | payment of a portion of a company's earnings |
| bond | lending money to a company or government |
| mutual funds | pools of money from many people |
| impulse buying | purchasing an item pn the spot because of an emotional rather then planned decision |
Created by:
roberthowell
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