Consumer Economics Unit 2 Vocabulary

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Flashcards on Consumer Economics Unit 2 Vocabulary, created by Kaylee Acevedo on 20/09/2017.
Kaylee Acevedo
Flashcards by Kaylee Acevedo, updated more than 1 year ago
Kaylee Acevedo
Created by Kaylee Acevedo over 7 years ago
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Question Answer
403B Definition: a tax-deferred retirement plan for employees of not-for-profit organizations, such as schools, hospitals, foundations, and cultural institutions.
457 Definition: is a tax-deferred retirement plan available to state and municipal employees which might include firefighters, police, and teachers.
Attorney General's Office Definition: legal officer who represents a country or a state in legal proceedings and gives legal advice to the government.
Bait and Switch Definition: The fraudulent practice of advertising and luring consumers to a store with promised products or services that then appear to be unavailable and replaced with higher priced items
Beneficiary Definition: person or organization named by a policyholder to receive the death benefit of an insurance policy after the policyholder’s death.
Better Business Bureau (BBB) Definition: gathers and reports information on business/service reliability and alerts and informs the public of its findings. Consumers can also file complaints with the BBB.
Bonds Definition: certificate of debt issued by a corporation or government.
Co-Insurance Definition: a type of insurance in which the insured pays a share of the payment made against a claim.
Common Stock Definition: stock that has voting rights and receives dividends declared by the company.
Credit Report Definition: record of a person’s credit history and financial behavior.
Deductible Definition: amount that is paid toward medical expenses before the insurance company begins to pay.
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