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33 Cards in this Set
- Front
- Back
consumer
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someone who buys or sells goods
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discretional income
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money income left after neccesities have been bought and paid for
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disposable income
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money income left after all taxes paid
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consumerism
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a movement to educate buyers about the purchases they make and to demand better and safer products from manufactors
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comparison shopping
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buying strategy to get the best buy for your money
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reject
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to refuse OR throw away
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warranty
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the promise made by a manufactor to seller to repair or replace a product for a certain time period
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alternative
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a choice or responsibility
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budget
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a plan for making and spending money
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income
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money received from labor business or property
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expense
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money spent on goods and services
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credit
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money borrowed to pay for goods and services
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annual percentage rate (APR)
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annual cost of credit expressed as a percentage of the amount borrowed
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collateral
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property or valuable items that serves as security for a loan
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bankruptcy
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inability to pay debts
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exceed
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to be or go beyond a limit
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status
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a position or rank
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save
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to set aside income for a period of time so that it can be used later
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interest
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the payment people receive when they lend money or allow someone else to use their money
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principal
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the most important
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principle
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a rule or conduct of belief
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return
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profit earned through investing
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stock
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ownership share of a corporration
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dividend
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payment of a portion of a company's earnings
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bond
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contract to repay borrowed money with interest at a specific time in the future
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mutual fund
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pools of money from many people who are invested in a selection of individual stocks and bonds chosen by financial experts
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establish
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to bring into existence or create
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fund
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a sum of money
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interval
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a break or period of time between two events
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impulse buying
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purchasing an item on the spot because of an emotion rather than a planned decision
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evaluate
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to assess or find the value of
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commit
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to pledge or assign oneself to a particular action
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eliminate
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to get rid of
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