Unit 9 Vocabulary - Purchasing

5. An agreement where the purchase amount, or gross price, is made in payments over time.
9. A written statement of the amount a customer owes for goods or services.
10. Subtracts a percentage of the regular price.
11. A type of installment plan where the store sets the purchased item aside, while the customer makes payments towards the purchase amount.
12. The sum of the taxable toal, the total sales tax, and the non-taxable total.
13. The physical form of money, represented by paper currency and coin.
14. A physical, payment card that is pre-loaded with an amount of money
15. The price you pay to obtain a good or service.
17. A flat -rate tax collected on the sales price of a good or service.

1. Purchase amount
2. Maximum balance for charge accounts.
3. The individual prices are added to this when finding the total amounts before the tax rate is multiplied.
4. Also called gratuity, is a voluntary, extra payment made to a worker.
6. An arrangement between a buyer and seller, where the buyer promises to pay the seller at a later time.
7. A fixed amount that is subtracted from the regular price.
8. The price remaining after a coupon or discount has been subtracted.
16. The price after sales tax has been added to the net sales price.