Teen Law Unit 5 vocab flashcard
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Hard
Wayground Content
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11 questions
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1.
FLASHCARD QUESTION
Front
Anyone who buys goods is a:
Back
consumer
2.
FLASHCARD QUESTION
Front
Legally binding agreement between parties
Back
contract
3.
FLASHCARD QUESTION
Front
Additional money paid to a landlord when renting to insure against damages.
Back
security deposit
4.
FLASHCARD QUESTION
Front
Value determination for owned items (house, boat, jewelry)
Back
appraisal
5.
FLASHCARD QUESTION
Front
Property used as security for a loan to assure repayment.
Back
Collateral
6.
FLASHCARD QUESTION
Front
Additional cost for a loan or credit.
Back
Interest
7.
FLASHCARD QUESTION
Front
Failure to repay a loan
Back
Default
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