| A | B |
|---|
| Brand | Product or service which has a name, symbol, or characteristics that make it different from competitors |
| Canceled Check | A check that has cleared the bank |
| Commission | An amount of money paid to a salesperson for the number of goods or services sold |
| Collateral | Something of value offered as security on a loan |
| Credit | Debt that occurs when goos or services are provided in exchange for a promise to pay for them in the future |
| Deductible | The portion of the premium that the insured pays |
| Finance Charge | Interest paid on an unpaid charge account balance |
| Income | Money received from work or investments |
| Loss Leader | Product sold below cost to get customers into a store |
| Investing | Placing money into something with the expectation that more money will be made |
| mark-up | The amount you add on to a product cost, otherwise known as profit |
| Payee | Person to whom a chesk is written |
| Full Endorsement | A signature on the back of a check made payable to you with directions to transfer the funds to someone else |
| Restrictive Endorsement | A signature on the back of a check that protacts the check from being cashed by someone else and includes the words "for deposit only" |
| Salary | Weekly, monthly or annual rate of pay |
| Standard of Living | The quality of the goods people can afford,determined by their income |
| Unit Price | The cost per standard unit of a product |
| Utilitiy Bills | Bills paid by households and businesses for services such as electricity, natural gas, heat, and water |
| Warranty | The period during which a guarantee is in force |
| Term Insurance | A kind of insurance which pays a death benefit, but has no element of savings |
| Whole Life Insurance | A kind of insurance that not only pays a death benefit, but has a savings element |
| Blank Endorsement | The payee's signature on the back of a check |
| Bait and Switch | Illegal sales practice where a product is used to draw customers to a store, then a more expensive product is offered to them |
| Cash Discount | The price given to a customer who pays cash instead of using credit |
| Creditor | Individual, Business, or Bank who extends credit |
| Depreciation | The difference between the purchase price of an item and its resale price |
| Entrepreneurship | Starting a business |
| Income Tax | Tax on an individuals or businesses earnings |
| Budget | Aid which helps families live within their current income |
