| A | B |
|---|
| percentage of the total cost of the house paid at the time of purchase | down payment |
| original money borrowed from lender | principal |
| the loss in value of property caused by aging and use | Depreciation |
| to be responsible for | liable |
| where the buyer and the seller of an item for sale come to an agreed price for the item | Negotiation |
| a contract made between the company that owns the car | lease |
| person who will be given the right to use the product (home, car ect…) | lessee |
| company that owns product being leased | lessor |
| the person named in the policy to receive the death benefits | beneficiary |
| a.k.a. co-payments money paid out of your pocket after the deductible for medical bills | coinsurance |
| the amount added to the cost of the goods sold to cover all other expenses including the desired profit | markup |
