Term
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Term
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cp 20
Term | Definition |
---|---|
Consumer | Someone Who Buys A Good Or Service |
Disposable Income | Money Income Left After All Taxes on It Have Been Paid For |
Consumerism | A Movement To Educate Buyers About The Purchases They Make And To Demand Better And Safer Products From Manufactures |
Comparison Shopping | Buying Strategy To Get Best Buy For The Money |
Warranty | The Promise Made By A Manufactured Or Seller To Repair Or Replace A Product within A Certain Time Period If It is Faulty |
Budget | A Plan For Making And Spending Money |
Income | Money Received From Labor,Business, Or Property |
Expense | Money Spent On Goods And Services |
Credit | Money Borrowed To Pay For A Good Or Service |
Annual Percentage Rate | Annual Cost Of Credit Expressed As A Percentage Of The Amount Borrowed |
Collateral | Property Or Valuable Item Serving As Security For A Loan |
Bankruptcy | Inability To Pay Debts |
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 Their Money |
Principal | The Most Important |
Return | Profit Earned Through Investing |
Stock | Ownership Share Of A Corporation |
Dividend | Payment Of A Portion Of A Company 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 Individuals Stocks And Bonds Chosen by Financial Experts |
Impulse Buying | Purchasing An Item On The Spot Because Of An Emotional Rather Than Planned Decision |
Discretionary Income | Money Income Left After Necessities Have Been Bought And Paid For |