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24 Cards in this Set
- Front
- Back
a type of investment scheme designed to steal from investors by having them continulously enlist others to help pay; ex: chain letters
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pyramid scheme
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foods grown and marketed without chemical fertilizers, pesticides, etc.
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organic foods
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statement showing borrowers cash price, down paymentm and other charges
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disclosure statement
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a state office that helps consumers resolve their differences
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consumer protection office
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a period comprising an increase of business activity to a peak, through decline to depressed activity, stagnation, and renewed expansion
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business cycle
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readable final dates for safe sale printed on food packages
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open dating
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the maximum amount a lender will permit a borrower to owe ay any one time
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line of credit
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a general product name or brand as opposed to a trademark brand name
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generic name
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the attachment of a debitors wages by court authority to ensure payment
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garnishment
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a private medical service organization providing hospitilization, surgery, and care by physicians through prepaid medical care plans
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Health Maintenance Organization (HMO)
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financial worth arrived at by subtracting total debts from total assets
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net worth
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a usually nonprofit store selling used merchandise at low prices
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thrift store
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a law requiring creditors to state the monthly and annual percentage rates used in computing finance charges
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truth in lending
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a number that represents the antiknock properties of gasoline
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octane rating
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the ease with which an asset can be converted into spendable cash
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liquidity
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illegal advertising of low-priced items for the sole purpose of applying high-pressure sales techniques so as to sell higher-priced items
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bait and switch
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a fraudulent financial scheme in which early investors are paid off with money received from more recent investors
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Ponzi scheme
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an employee's legal right to part/all of accumulated pension benefits
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vesting
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income received from investments, usually expressed as a percentage of market price
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yield
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a court where consumers can take cases involving relatively small amounts without hiring a lawyer
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small claims court
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a nonprofit agency set up by local business firms to improve besiness practices and protect customers
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Better Business Bureau (BBB)
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an index showing average prices paid for selected goods and services over a given period
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consumer price index
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charges and fees incurred in transferring ownership of real estate
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closing costs
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an indusrty panel which helps consumers resolve complaints against a manufacturer
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consumer action panel
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