Consumer Awareness
To buy an item with credit; paying over time
What is FINANCING?
Having to do with a person's honesty and moral attributes
What is INTEGRITY?
A list of your investments
What is a PORTFOLIO?
Describes the type of coverage in an insurance agreement
What is a POLICY?
A person who is picky about budgeting and details
What is NERD?
Feeling regret or concern after making a large purchase
What is BUYER'S REMORSE?
The ability to walk away from a purchase when negotiating
What is WALK-AWAY POWER?
Degree of uncertainty of return on an asset
What is RISK?
Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance
What are PREMIUMS?
A person who thinks that everything will work out fine and typically hates to deal with the details
What is FREE SPIRIT?
The process of communicating the value of a product or service to consumers
What is MARKETING?
A public sale in which property or items of merchandise are sold to the highest bidder
What is an AUCTION?
A piece of ownership in a company, mutual fund, or other investment
What is a SHARE?
Applies to the amount of protection you have through an insurance company in the event of a loss
What is COVERAGE?
The quality or state of being responsible, liable, or answerable
What is ACCOUNTABILITY?
The public's ability to recall and recognize a brand by its logo, jingles, packaging, etc.
What is BRAND RECOGNITION?
Retail store where people sell items and the owner of the shop gets a percentage of the sale
What is a CONSIGNMENT SHOP?
Account or arrangement in which one would put their money for long-term growth
What is an INVESTMENT?
Specific amount of money that you pay when insurance only covers a portion of costs
What is OUT-OF-POCKET EXPENSE?
A person's priorities, beliefs, and standards that affect how he or she views the world
What is VALUE SYSTEM?
Latin term for "buyer beware"
What is CAVEAT EMPTOR?
Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract
What is FORECLOSURE?
Pool of money managed by an investment company and invested in multiple companies
What is a MUTUAL FUND?
The state or quality of being obligated according to law or equity
What is LIABILITY?
A situation in which a person is lacking time, which leads to stress
What is TIME POVERTY?