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ch. 20
| Term | Definition |
|---|---|
| consumer | someone who buys a good or service |
| 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 to demand better and safer products |
| comparison shopping | buying strategy to get best for money |
| warranty | the promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it's faulty |
| save | to set aside income for a period of time so that it can be used later |
| interest | the payment people receive when they lend money or allow someone else to use money |
| principal | the most important |
| return | profit earned through investing |
| stock | ownership share of a corporation |
| dividend | payment of a portion of a company's earnings |
| bond | contract to repay borrowed money with interest at a specific time in the future |
| mutual fund | pools of money from many people who are invested in a selection of individual stocks and bonds |
| evaluate | to assess or find the value |
| commit | to pledge or assign to a particular action |
| eliminate | to get rid of |
Created by:
roryhanner
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