Wrongful or criminal deception intended to result in financial or personal gain
Fraud
Allows others into your financial accounts
Electronic Access
Buyer alone is responsible for checking the quality of goods before a puchase is made
Caveat Emptor
Taking control over your impulse buying through various tactics
Power over purchase
Research best quality at best price before a large purchase
Due Diligence
Loss of potential gain from other alternatives when one alternative is chosen
Opportunity Cost
Over $1,000, house, car, vacation, reception, furniture
Major Purchase
Arrangement by which a company guarantees compensation for specified loss in return for payment
Insurance
Being responsible by law
Liability
The cost of insurance
Premium
Specific amount of money that the insured must pay before an insurance company will pay on their claims
Deductible
Minimum auto insurance coverage required by law
PLPD