civics chapter 20 Word Scramble
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Term | Definition |
consumer | someone who buys a product or service |
disposable income | is the money that remains after all 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 manufacturers |
comparison shopping | buying strategy to get best buy for the money |
warranty | the promise of a manufacturer or a seller to repair or replace a faulty product within a certain time period. |
budget | the best way to get a handle on your spending is to make a budget |
income | money that you earn |
expense | the money you spend on everything, including what you choose to save. |
credit | borrowing money to pay for something now while promising to repay it better |
annual percentage rate (APR) | the annual cost of credit expresses as a percentage of the amount borrowed |
collateral | is property such as a house, a car, or other valuable item, that a borrower pledges as security for a loan. |
bankruptcy | the inability to pay debts. |
save | means to set aside income for a time so you have it to use later. |
interest | the payment people receive when they lend money, or allow someone else to use their money |
principal | the amount you initially deposited |
return | profit earned by the investor, is usually low. |
stock | you are buying partial ownership in a company |
dividend | can substantially increase your profit from owning stock. |
bond | lending money to a company or government |
mutual fund | many investors find it easier to invest in stocks and bonds |
impulse buying | buying things to feel better |
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cierreadouglas
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