Financial and Insurance Terms

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Impulse buying

Back

A spontaneous, often unplanned decision to buy a product or service.

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Buyers remorse

Back

Feeling of regret after making a purchase.

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Marketing

Back

Activities a company undertakes to promote the buying or selling of a product or service.

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Brand Recognition

Back

The extent to which consumers can identify a brand by its attributes.

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Manufacturers warranty

Back

A guarantee from the manufacturer regarding the condition of its product.

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Extended Warranty

Back

A prolonged warranty offered to consumers in addition to the standard warranty.

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Opportunity Cost

Back

The loss of potential gain from other alternatives when one alternative is chosen.

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Card Fraud

Back

Unauthorized use of a credit or debit card.

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Identity Theft

Back

The fraudulent acquisition and use of a person's private identifying information.

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Hard skills

Back

Specific, teachable abilities or knowledge sets.