2.02 Key terms: protecting your financial security

12 terms by nicmabry01

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failure to plan

not making shopping lists or spending plans

failure to protect

not securing personal info

failure to be informed

not reading labels, fine print, or contracts

failure to communicate

not asking questions, discussing purchases and saying 'no' when needed

scam/scheme

a plot designed to trick someone

illegal

against the law

lie/lying

to not tell the truth

concealing information

hiding information; hiding the truth

pyramid

a scam that usually involves the expression of getting rich quick

chain letter

a letter asking one to several letters with money in order to receive money themselves

high-pressure sales approaches

using extreme tactics to persuade a consumer to buy

vague offers

offers that withhold certain details,expecting one to pay up front to get them

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