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PF Ch 5: Debt

Vocabulary from Chapter 5

TermDefinition
Buyer’s Remorse regretting a purchase soon after making it
Financing to buy an item with credit; paying over time
Finite having a beginning and an end; money is finite—it has limits
Opportunity Cost the true cost of something in terms of what you have to give up to get an item; the benefits you would have received by taking the other action
Significant Purchase an amount of money you spend, usually $300 or more, that causes some pain to part with
Created by: mgarda
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