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Economics Chapter 5
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club warehouse store
store that carries a limited number of brands and items in large quantities and is less expensive that supermarkets
convenience store
store open 16 to 24 hours a day, carrying a limited selection of relatively higher-priced items
private-labeled products
lower-priced store-brand products carried by some supermarket chains and club warehouse chains
durability
ability of an item to last a long time
service flow
amount of use a person gets from an item over time and the value a person places on this use
closing costs
fees involved in arranging for a mortgage or in transferring ownership of property
points
fees paid to a lender and computed as a percentage of load
lease
long-term agreement describing the terms under which property is rented
security deposit
money a renter lets an owner hold in case the rent is not paid or an apartment is damaged
registration fee
licensing fee, usually annual, paid to state for the right to use a car
liability insurance
insurance that pays for bodily injury and property damage
Author
Anonymous
ID
37204
Card Set
Economics Chapter 5
Description
Terms for my high school economic class, chapter 5
Updated
2010-09-25T14:49:04Z
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