| Term | Definition |
|---|
| Advertising | a message to persuade consumers to purchase a particular product or service |
| Alternatives | the different choices you can make to deal with a situation |
| Attitude | a persons basic outlook on life or a specific topic or issue |
| Budget | an orderly program for spending, saving, and investing the money you earn to achieve desired goals; also called a finicial plan or spending plan |
| Cancelled check | a check that is stamped to show it has been paide |
| Check | a written order directing a bank to pay money as instructed from a particular account |
| Check register | a record of deposits to and withdrawls from a checking account |
| comparison shopping | comparing products and prices in defferent stores before making a purchase |
| Consumer | a person who uses goods and services |
| Credit | an arrangement that allows consumers to buy goods or services now and pay for them later |
| Credit card | a card entitling the holder to goods and services which are charged to his account |
| Credit rating | a record of whether or not a person has paid his or her bills on time in the past |
| Deposit | a payment that is a partial amount of the cost of a good or service, or to add money to an account |
| Expense | the cost of goods and services |
| Financial plan | an orderly program for spending, saving, and investing the money you earn to achieve desired goals; also called a budget or spending plan |
| Fixed expenses | set costs that must be paid such as rent, insurance, and car payments |
| Fraud | act of deceiving or misrepresentation |
| Identity theft | the illegal use of somone elses personal information |
| Impulse buying | making an unplanned or quick purchase without giving it much thought |
| Income | money received that is availiable to spend and save |
| Insurance | protection aganist financial loss |
| Interest | the price a borrower pays a creditor for the use of money over a period of time |
| Investment | savings taht are used to earn income |
| Management | using resources effectively to achieve goals and solve problems |
| Occupation | a regular activity, especially a persons employment or job |
| Outstanding check | those checks issued by a depositor but not yet reported on a bank statement |
| Teller | a person who recives or pays out money at a bank |
| Warranty | a written promise by a manufacturer that a product will meet specified standards of performance |
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