| A | B |
|---|
| Assertive Consumer | person who knows what he wants and works to get it without upsetting everyone |
| Bodily Injury Liability | Insurance that protects you against financial loss, including the cost of your legal defense, when you are legally responsible for injuring other people in an automobile accident |
| Canceled check | a check with the bank's stamp on it, indicating that it has been paid |
| Consumer Sovereignty | idea that consumer choices determine what hgoods and services are produced "consumer is king" |
| Consumer | anyone who buys or uses products |
| Collision coverage | insurance that pays for damage to your car caused by colliding with another car or object |
| Credit | ability to borrow money in return for a promise of future repayment |
| Capital income | profit earned from owning something |
| Certificate of deposit (CD) | a deposit in a savings institution that earns a fixed interest rate for a specified period of time |
| Intensifying | advertising that makes a product appear better than it is |
| Interstate commerce | Trade between two or more states |
| Intrastate commerce | Trade between a state |
| Demand | the quantities of a good or service that consumers are willing and able to buy at various prices during a given time period |
| No-Fault Insturance | laws that require each person's automobile insurance company to pay for the insured's own losses, no matter who caused the accident |
| Opportunity cost | the value of your next best alternative whenever you make a choice |
| Market place | place where the buyer and seller meet |
| Medical payment coverage | insurance that pays medical/funeral expenses for you, your family members, and other passengers in your car because of injuries sustained in an accident |
| Outstanding check | a written check but it has not been paid |
| Property damage liability | insurance that pays for damage you caused to another person's property |
| Supply | the quantities of a product that producers are willing and able to make available for sale at various prices over a given time period |
