I
A movement to educate buyers about the purchases they make and to demand better and safer products.
Consumerism
Payment for a wrong or loss.
Redress
The process of comparing competing products and prices in order to find the best value.
Comparison Shopping
An item that does not have a brand name but is basically similar to a more expensive, well-known product.
Generic Good
The promise made by a manufacturer or a seller to repair or replace a product within a certain time period if it is faulty.
Warrenty
An unplanned, often emotional, decision to buy.
Impulse Buying
Income left after all taxes on it have been paid.
Disposable Income
Income left after taxes on it have been paid and that you can choose to spend.
A plan for making and spending money.
Budget
Money spent on goods and services.
Expenses
A negative balance.
Deficit
Permission to pay later for goods or services obtained today.
Credit
The payment that people or institutions receive when they lend money or allow someone else to use their money.
Interest
Money lent at interest.
Loan
The recipient of a loan.
Borrower
The giver of a loan.
Lender
The annual cost of credit expressed as a percentage or the amount borrowed.
Annual Percentage Rat (APR)
Amount of initial deposit on which interest is earned.
Principal
The preset time at which you may withdraw funds from a CD.
Maturity
A fee for early withdrawal of funds.
Penalty
The profit earned by an investor.
Return
Shares of a company held by an investor.
Stock
A portion of company earnings paid to shareholders.
Dividend
An interest-bearing certificate of agreement between a borrower and a lender.
Bond
An investment company that sells stock in itself and uses the proceeds to buy stocks and bonds issued by other companies.
Mutual Fund