# Haney - Consumer Math Exam 2012

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### store brands

brand names owned by a store or chain of stores

### security deposit

The money a renter pays to the landlord before moving in.

### recreation

Activities you like to do in your free time to relax.

### unit price

The price of one item or the price per unit of an item.

### closing costs

The fees that you pay when you take ownership of a house.

### bargain

Something offered or bought at a low price.

The brand names of items that are sold throughout the country and are advertised in newspapers and on t.v.

### inventory

A list of supplies, materials, or equipment

### landlord

A person who owns an apartment or house and rents it to others.

### discount

An amount subtracted from the original price of an item.

### down payment

The money paid in advance of the purchase of a house.

### rent

The monthly fee paid to a landlord for a place to live.

### lease

A legal contract between a renter and the landlord.

### area

The number of square units that cover a surface.

### mark-up

The difference between the wholesale price and the retail price.

### MSRP

The price suggested by the manufacturer for a customer to pay for a new car.

### sale price

The cost of an item that has been marked down.

### legend

The key or explanation for each symbol on a map.

### sales tax

Money paid to the government based on a percent of the cost of an item.

### clearance sale

A markdown of prices in a store to reduce stock.

### depreciation

A decrease in the value of an item because of use and age.

### lodging

A place you can stay overnight, such as a hotel or motel.

### lease

A written agreement to rent a vehicle for a certain period of time.

### wholesale

The amount of money a store pays for an item.

A used vehicle that a car dealer takes from a customer in part payment for another vehicle.

### residual value

The value of a car at the end of a lease.

### quality

How well made or well done something is.

### down payment

Money you give the car dealer that lowers the amount left to pay on the car.

Example: