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A Foos Econ. Ch. 5 ALL

AB
club warehouse storestore that carries a limited number of brands and items in large quantities and is less expensive than supermarkets
convenience storestore open 16 to 24 hours a day, carrying a limited selectionof relatively higher-priced items
private-labeled productslower-priced store-brand products carried by some supermarket chains and club warehouse chains
durabilityability of an item to last a long time
service flowamount of use a person gets from an item over time and the value a person places on this use
closing costsfees involved in arranging for a mortgage or in transfering ownersip of property
pointsfees paid to a lendera and computed as a percentage of a loan
leaselong-term agreement describing the terms under which a property is rented
security depositmoney a renter lets an owner hold incase the rent is not paid or an apartment is damaged
registration feelicensing fee, usually annual, paid to a state for the right to use a car
liability insuranceinsurance that pays for bodily injury and property damage


Social Studies and Language Arts Instructor
Professional and Technical High School
Kissimmee, FL

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