PCS Personal Fin Word Scramble
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Term | Definition |
auction | a public sale in which property or items of merchandise are sold to the highest bidder |
consignment shop | retail store where people sell items and the owner of the shop gets a percentage of the sale |
cost-benefit analysis | the process of quantifying cost and benefits of a decision |
estate sale | type of yard sale with more items, usually the entire contents of a household |
foreclosure | process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract |
integrity | having to do with a person's honesty and moral attributes |
markup | the difference between the wholesale price and retail price |
negotiate | to bargain for a lower price |
walk-away power | the ability to walk away from a purchase when negotiating |
Created by:
Ms.Sala
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