| A | B |
|---|
| automobile insurance | policy which protects cars, and their drivers |
| bait and switch advertisement | offering a low price good and then selling the consumer a higher priced product |
| beneficiary | the person that receives the benefit |
| better business bureau | an agency that gives information regarding a business' track record |
| bodily injury insurance | policy that covers injuries to your passengers or other you may harm while you are driving |
| property damage | covers damage to posessions of others while you are operating your car |
| insurers | companies that provide protection to you |
| insured | the person being protected by the policy |
| insurance | policies that protect your property, life, and your health against losses fron the unexpected |
| claim | a report to the insurance company of damage done to you or your property |
| deductible | a minimum amount of losss be absorbed by the insured before the settlement |
| collision insurance | covers you for damage to your car while it is in operation |
| comprehensive insurance | covers damage to your car when it is not in operation |
| uninsured motorist | someone driving a car not insured |
| health insurance | covers you and your dependents for expenses when you are ill and visit a doctor or require hospitalization |
| medicare | offers hospital and medical insurance for the elderly |
| medicaid | is a state-operated social-insurance program that covers state residents unable to afford health or medical insurance |
| life insurance | provides benefits upon your death to those who depend on you for support |
| term life | provide coverage only during a limited time, such as a year |
| whole life | provides permanent coverage during your life, and upon your death benefits are paid to the beneficiary |
| property insurance | this insurance covers losses to your home and its contents |
| fraud | unfair business practices |
| consumer product safety act | requires that products be tested for safety, durability, and reliability, before being sold |
| recall | calling back |
| consumer credit protection act | it requires all companies that grant credit to state clearly the exact rate of interest charged |
| equal credit opportunity act | prohibits lenders from discriminating against people on the basis of sex, marital status, age, race, religion, or nationality |
| lemon law | protects buyers of new automobiles in the event that a chronic, or repeated, problem is not fixed by the automobile dealer |
| federal trade commission | tries to prevent unfair business practices |
| United stated department of agriculture | makes certain that meats, fruits, and vegetables sold or transported between states are safe for consumption |
| small claims court | cases of less than $1000 can be heard here |
