Shared Flashcard Set

Details

Personal Finance
N/A
23
Finance
Not Applicable
03/05/2012

Additional Finance Flashcards

 


 

Cards

Term
Failure to plan
Definition
Not making shopping lists, spending plans, doing comparison shopping, etc
Term
failure to protect
Definition
Not securing personal information and property
Term
Failure to communicate
Definition
Not asking questions, discussing purchases, saying “no” when needed
Term
failure to be informed
Definition
Not reading labels, fine print, contracts, sales offers,etc
Term
scam
Definition
a deception
Term
illegal
Definition
un lawful
Term
lying
Definition
To tell an untruth/the habit of telling untruths
Term
concealing information
Definition
Hiding information
Term
pyramid
Definition
scam that usually involves a “get rich quick” chain letter
Term
chain letter
Definition
letter asking one to send several letters with money in order to, supposedly, receive money in the mail yourself
Term
sweepstakes letter
Definition
States that one has won a valulable prize, but must pay a fee to claim it
Term
vague offers
Definition
Offers that withhold certain details, expecting one to pay up front to get them
Term
lottery
Definition
extreme tactics to persuade a consumer
Term
high-pressure sales approach
Definition
extreme tactics to persuade a consumer
Term
earn-money-at-home offers
Definition
offers in which consumer must first purchase something
Term
winning bid at auctions
Definition
scam artist my notify you that you have the winning bid, ask for money, but never ship the item purchased
Term
condition
Definition
stipulation or prerequisite
Term
identity theft
Definition
Stealing personal information
Term
media
Definition
Means of communicating
Term
BBB
Definition
consumer protection agency
Term
FTC
Definition
gov't agency to meet needs of fraud victims
Term
State Attorney General
Definition
This state office assists consumers who have been victimized by fraud
Term
National Consumers League
Definition
Allows you to report consumer fraud
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