Society, General Knowledge for Vocational Schools (ABU), Vocabulary, Chapter 4

a principle according to which those who are responsible for producing pollution are also responsible for the damage caused to the environment

a failure to do something that you have promised to do or that people expect you to do by contractual agreement

official document for creditors stating the amount of loss, which was not covered by bankruptcy

someone who sells something

a credit agreement made with a financial institution that permits an account holder to use or withdraw more than they have in their account, without exceeding a specified maximum negative balance

actions of the state to secure the fundamental rights and the market

monetary deposit at a credit institute

a natural or legal person in debt or under an obligation to a creditor, primarily a financial obligation

contact point that offers help to households with debt or debt overload, through multiple consultation meetings

the entirety of all available goods (e.g. raw material) and services

a debtors objection against an order of payment; causes the prosecution to be temporarily stayed

in bookkeeping, an account used to compile personal expenditures and savings, e.g. of an entrepreneur

the amount of money that you have to pay in order to buy something

confiscating or taking possession of property by legal right to fulfil the obligation to creditors

science that studies the relationship between living beings and their environment

security, obligation; legal contract between two or several persons, of which one has the right to a benefit and the other is obliged to provide that benefit

economic and social development that does not consume more than can be provided again in the future without significant deterioration of the environment and depletion of natural resources on which human well-being depends

desire for certain good or service on account of a need

discount (e.g. due to a defect)

location or institution where supply and demand - what is available vs. what is needed - with respect to economic goods, factors of production or financial resources converge

assertion of legal or contractual warranty claims: replacements, reductions, modification

a defect that devalues an item or significantly diminishes its suitability with respect to its intended usage

payment reminder in which the debtor is prompted to make the owed performance to the creditor

contamination of public place by throwing/scattering rubbish (take-away, cola cans)

breach of contract: the vendor makes a delayed delivery of goods, after the scheduled delivery time

to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate

written agreement with a bank, to pay bills of certain businesses directly (e.g. mobile phone bill)

seal, symbol or stamp of certification, sometimes a quality mark; labels are intended to allow customers the conscious purchase of environmentally friendly and/or sustainably produced products

purchase and financing method, according to which the buyer receives their goods with an invoice; typically, the buyer has 30 days to pay the bill

a small plastic card that you use to buy things now and pay for them later- a bill is received at the end of the month

law which regulates the form and content of small credit contracts

type of purchase and financing in which consumers receive credit from shops, banks and other financial institutions and the buyer usually makes a down payment and pays the remainder in instalments

regulations which protect consumers from unfair practice

use of a good in order to meet a need