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chapter 20

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Term
Definition
consumer   a person or organization that uses a commodity or service  
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disposable income   the part of a person's income remaining after deducting personal income taxes  
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discretionary income   money income left after necessities have been bought and paid for  
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consumerism   a modern movement for the protection of the consumer against useless, inferior, or dangerous products, misleading advertising, unfair pricing  
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comparison shopping   to compare prices and quality of competing merchandise  
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warranty   a stipulation, explicit or implied, in assurance of some particular in connection with a contract, as of sale  
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budget   an estimate, often itemized, of expected income and expense for a given period in the future  
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income   the monetary payment received for goods or services, or from other sources, as rents or investments  
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expense   cost or charge  
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credit   commendation or honor given for some action, quality  
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annual percentage rate   the annual equivalent of a rate of interest when the rate is quoted more frequently than annually  
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collateral   security pledged for the payment of a loan  
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bankruptcy   the state of being or becoming bankrupt  
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save   to rescue from danger or possible harm, injury, or loss  
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interest   the feeling of a person whose attention, concern, or curiosity is particularly engaged by something  
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principle   an accepted or professed rule of action or conduct  
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return   to go or come back, as to a former place, position, or state  
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stock   a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer  
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dividend   a sum out of an insolvent estate paid to creditors  
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bond   something that binds, fastens, confines, or holds together  
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mutual fund   an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand  
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evaluate   to determine or set the value or amount of; appraise  
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commit   to give in trust or charge; consign  
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eliminate   to remove or get rid of, especially as being in some way undesirable  
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