Unit 6 Economics Vocab

3. an investment program funded by shareholders the trades in diversified holdings and is professional managed.
5. the amount of money your employees receive before any taxes and deductions are taken out.
6. an estimate of income and expenditure for a set period of time.
10. the loss of potential gain from other alternatives when on alternative is chose.
12. a practice or arrangement by which a company of government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
13. a detailed report of an individual's credit history prepared by a credit bureau.
17. costs that are easily changed, reduced, or eliminated.
18. the capital raised by a business or corporation through the issue and subscription of shares.
19. the fraudulent acquisition and use of a person's private identifying information, usually for financial gain.
20. are those that do not fluctuate with changes in production level or sales volume
21. a federal agency that administers antitrust and consumer protection legislation in pursuit of free and fair competition in the marketplace.
23. the amount of money your employees take home your employees take home after all deductions have been taken out.
24. a card issued by a bank allowing the holder to take money directly out of their account when making purchases.

1. money paid regularly at a particular rate for the use of money lent or for the delaying the repayment of a debt.
2. a bank account that earns interest.
4. something that is needed in order to live.
7. a desire for something. not necessary to live.
8. used as a place holder for valued is used for making purchases.
9. an investing tool used by individuals to earn and earmark funds for retirement savings.
11. a state or federal law designed to protect consumers against improperly described, damaged, faulty, and dangerous goods and services as well as from unfair trade and credit practices.
14. taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
15. a small plastic card issued by banks, businesses, etc., allowing the holder to purchase goods and services on credit.
16. an account at a bank against which checks can be drawn by the account depositor.
22. a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtors's property, with the condition that the conveyance of title become void upon the payment of the debt.
25. a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.