Vocabulary 1 | Vacbulary 2 | Answer it | Take a Chance |
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What is a convenience store
store that is open 16-24 hours a day and carries a limited selection of items
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What is service flow
amount of use a person gets from an item over time and the value a person places on that use
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warehouse stores
People who are able to use or store large quantities of bulk foo item can save money by shopping at
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Lose a turn...
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What is points
fees paid to a lender and computed as percentage of a loan
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What is private-label product
item that carries the name of a store
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a smaller percentage of their income on clothing.
Relative to people at the turn of the nineteenth century, people today spend
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Rent; may not have saved enough money for down payment and would enjoy the benefit of mobility.
Is a student who moves to a city for two years to complete college more likely to buy or rent? Why?
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What is durability
ability of an item to last a long time
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What is security deposit
money a renter lets an owner hold in case the rent is not paid or the rented property is damaged.
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creation of equity
An advantage of home ownership is
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Lose a Turn
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What is closing costs
fees involved in arranging for a mortgage or in transferring ownership of property
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What is club warehouse
store that carries a limited number of brands and items, but charges less than super markets
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bodily injury and property damage
Automobile liability insurance covers
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Lose a turn
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What is lease
long-term agreement describing the terms under which property is rented
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What is registration fee
a state's licensing fee to use a car
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taxes
Closing costs on a home include such items as the title search, legal costs, loan application, credit report, house inspection, and
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Normal maintenance, major repairs, insurance, and gasoline.
What are the ongoing costs of operating a vehicle?
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