Share Personal Finance 2.1-2.2 Vocabulary Review
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The practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price.
Comparison Shopping
A distinctive attribute or quality of something.
Features
A voucher providing a discount for a particular item when purchased.
Coupon
A deduction from the usual cost of something.
Discount
An opportunity that encourages you to purchase a specific item (eg a discount).
Promotions
A document acknowledging that a person has received money or property after a sale.
Receipt
A mandatory financial charge that the government adds to the cost of some goods, services, and transactions.
Tax
A sum of money (added to the bill total) given by a customer to a waiter or waitress for their service.
Tip
A type of bank account that allows a person to deposit and withdraw their money.
Checking Account
A person who purchases goods and services for personal use.
Consumer
Automatic Teller Machine. Allows a customer to take out physical currency from their bank account.
ATM
An amount of money you add to a bank account.
Deposit
An amount of money you take out of a bank account.
Withdrawal
A document that tells a bank to pay a specific amount of money from one person's account to another person's account.
Check
The monthly record of your account transactions sent to you by your bank.
Statement
The amount of money you have in your bank account.
Balance
