Credit
The lower your credit score the higher the ______ rate you will pay on loans
What is Interest?
A contract between the landlord and tenant, which has details of the rental rules.
What is a Lease Agreement?
the salvaging of waste find items that have been discarded by their owners, but that may prove useful to the picker.
What is dumpster diving?
This government administration is responsible for enforcing and administering federal tax laws
What is the IRS
A quantity of a good or service that producers are willing and able to offer
What is Supply?
A plastic card that allows you to make purchases now with borrowed money, which then you must repay to the lender
What is a Credit Card?
A type of loan from the bank for the lender to buy a home
What is a Mortgage?
Unwanted software that infiltrates your computing device, stealing your data and other sensitive information.
What is Spyware?
This paper you get from your employer to full out your tax returns
What is a W-2?
The consumer's willingness and ability to purchase goods or services
What is Demand?
The maximum amount that may be borrowed on a credit card
What is a Credit Card Limit?
A non-profit organization that manages and maintains a residential community
What is a Homeowner Association?
A method used by identity thieves to capture information from a cardholder.
What is Skimming?
tax levied by a government directly on the amount a person makes
What is an Income Tax
A state of balance where supply and demand are equal
What is Equilibrium?
A ranking used by most lenders to assess your credit risk to approve you for additional loans or credit
What is a Credit Score?
take possession of a property as a result of the owners failure to keep up their mortgage payments.
What is Foreclosure?
Disguising oneself as a trustworthy entity to obtain sensitive information
What is Phishing?
A tax levied on land and buildings
What is Property Tax?
The lowest legal price that can be paid in a market for goods, services or labor
What is a Price Floor?
A loan with an interest rate that does not change over the life of the loan
What is a Fixed Rate Loan?
The Economic Crisis happened that had to do with housing back in 2007-2008
What was the Great Recession?
The best card to use for online purchases
What is a Credit Card
a sales tax levied only on certain products or services that are deemed non-essential or accessible only to the super-wealthy
What is a Luxury Tax?
The highest price a seller can charge for a product or service.
What is a Price Ceiling?