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down payment

The amount paid by the purchaser, which when added to the mortgage amount, equals the total sales price. At time of closing this is referred to as equity.

cooperative

an association formed and operated for the benefit of those using it

impulse buying

making an unplanned or quick purchase without giving it much thought

open dating

describes the freshness or "shelf ife" of a perishable product, such as bread or milk

unit pricing

a strategy for recognizing the relative cost of a product based on the cost on standard unit such as an ounce or gram

rebate

a rectangular groove made to hold two pieces together

warranty

a written assurance that some product or service will be provided or will meet certain specifications

service contract

A separately purchased agreement by the manufacturer or distributor to cover the repair costs of the item is called?

fraud

something intended to deceive

mediation

negotiation to resolve differences conducted by some impartial party

arbitration

the act of deciding as an arbiter

small claims court

civil court that people may use to settle disputes involving small amounts of money

class action suit

Demanda colectiva, lawsuit brought by an individual or a group of people on behalf of all those similarly situated

legal aid society

One of a network of community law offices that provides free or low-cost legal assistance.

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