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Sales, Rebates, Coupons
Vocabulary: Monetary Incentives & Financial Literacy
Terms in this set (20)
A voucher entitling the holder to a discount on a product or service purchased.
A partial discount or refund given on a purchased item; may be instant, occurring at the time of
purchase, or mail in, requiring the purchaser to pay full price for the item and receive money back in the mail.
A special clearance of goods usually at a reduced cost.
To change for money, to redeem a coupon is to exchange the coupon for a discount on goods or
financial reasons, such as sales, rebates, and coupons, to buy a particular item
An employee's pay before any deductions (such as taxes or insurance) are taken
A financial gain from capital or labor
A tax on the net income of an individual or business; typically taken out of a paycheck
The amount that remains after all deductions are taken from the gross pay
Payments for labor or services
Interest paid on the initial principal and on interest earned in the past
The amount of money borrowed or deposited
The amount paid or earned for the use of money. The formula is I=prt
A plan for spending
The cost required to buy an item or service
Costs that do not change based on the amount that is used; examples: car payment, rent, cel phone bill
Costs that do change based on the amount that is used; examples: utilities, car fuel, groceries
what you own
what you owe
The value of one's assets minus one's liabilities
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