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vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
consumer   someone who buys goods  
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disposable income   money income that has been left after all taxes have been paid for  
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discretionary income   money income left after necessities have been bought and paid for  
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consumerism   a movement to educate the buyers about the purchases they make and demand better and safer products that malefactors  
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comparison shopping   buyers strategy to get best buys for the money  
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budget   a plan for making and spending money  
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income   money received form labor businesses or property  
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expenses   money spent on goods and services  
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credit   money borrowed to pay for goods and services  
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annual percentage rate   annual cost of credit expressed as a percentage of an amount borrowed  
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collateral   property of valuable items serving as security for a loan  
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bankruptcy   inability to pay debts  
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save   to set aside income for period of time so it can be used later  
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interest   the payment people receive when they lend money or allow someone else to use their money  
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principle   to rule of conduct or belief  
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returns   ballots and results of an election  
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stock   ownership share of a corporation  
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dividends   payment of a portion of a company earnings  
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bond   contract to repay borrowed money with interested at a specific time in the future  
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metal fund   pools of money from many people who are invested in the selection of individuals sock and bonds chosen by financial experts  
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warranty   the promise mad by a manufacturer or a seller to repair or replace product within certain time period  
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impulsive buying   purchasing an item on the spot because of an emotional rather than a planned decision  
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Created by: somonnemclean
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