English 2 2
Terms
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- a type of investment scheme designed to steal from investors by having them continulously enlist others to help pay; ex: chain letters
- pyramid scheme
- foods grown and marketed without chemical fertilizers, pesticides, etc.
- organic foods
- statement showing borrowers cash price, down paymentm and other charges
- disclosure statement
- a state office that helps consumers resolve their differences
- consumer protection office
- a period comprising an increase of business activity to a peak, through decline to depressed activity, stagnation, and renewed expansion
- business cycle
- readable final dates for safe sale printed on food packages
- open dating
- the maximum amount a lender will permit a borrower to owe ay any one time
- line of credit
- a general product name or brand as opposed to a trademark brand name
- generic name
- the attachment of a debitors wages by court authority to ensure payment
- garnishment
- a private medical service organization providing hospitilization, surgery, and care by physicians through prepaid medical care plans
- Health Maintenance Organization (HMO)
- financial worth arrived at by subtracting total debts from total assets
- net worth
- a usually nonprofit store selling used merchandise at low prices
- thrift store
- a law requiring creditors to state the monthly and annual percentage rates used in computing finance charges
- truth in lending
- a number that represents the antiknock properties of gasoline
- octane rating
- the ease with which an asset can be converted into spendable cash
- liquidity
- illegal advertising of low-priced items for the sole purpose of applying high-pressure sales techniques so as to sell higher-priced items
- bait and switch
- a fraudulent financial scheme in which early investors are paid off with money received from more recent investors
- Ponzi scheme
- an employee's legal right to part/all of accumulated pension benefits
- vesting
- income received from investments, usually expressed as a percentage of market price
- yield
- a court where consumers can take cases involving relatively small amounts without hiring a lawyer
- small claims court
- a nonprofit agency set up by local business firms to improve besiness practices and protect customers
- Better Business Bureau (BBB)
- an index showing average prices paid for selected goods and services over a given period
- consumer price index
- charges and fees incurred in transferring ownership of real estate
- closing costs
- an indusrty panel which helps consumers resolve complaints against a manufacturer
- consumer action panel