Utility- Satisfaction from goods and services
Consumption- The using up of goods and services to satisfy wants
Interest- The return to savings or the cost of borrowing
Personal Debt- The accumulated borrowing of a person
Credit Card- A card indicating the holder has been given a line of credit to make purchase
Real Disposable Incomes- Personal income after tax and adjusted changes in price
Saving Ratio- Savings as percentage of GDP
Consumer expenditure- The amount spent on goods and services
Savings- Delayed consumption to accumulate wealth
Collateral- Security against a loan
Experience goods- Products for which it is difficult to know how much we will enjoy them until we consume them
Wealth- The stock of valuable assets that can be converted to cash
Mortgage- A loan for property purchase
