consumer's risk
11Risk aversion — is a concept in psychology, economics, and finance, based on the behavior of humans (especially consumers and investors) while exposed to uncertainty. Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather …
12Consumer finance — in the most basic sense of the word refers to any kind of lending to consumers. However, in the United States financial services industry, the term consumer finance often refers to a particular type of business, sub prime branch lending (that is… …
13Consumer privacy — laws and regulations seek to protect any individual from loss of privacy due to failures or limitations of corporate customer privacy measures. They recognize that the damage done by privacy loss is typically not measurable, nor can it be undone …
14Consumer leverage ratio — is a term popularized by William Jarvis and Dr. Ian C MacMillan in a series of articles in the Harvard Business Review and refers to the ratio of total household debt, as reported by the Federal Reserve System to disposable personal income, as… …
15Risk-based pricing — is a methodology adopted by many lenders in the mortgage and financial services industries. The interest rate on a loan is determined not only by the time value of money, but also by the lender s estimate of the probability that the borrower will …
16consumer magazine — UK US noun [C] ► a magazine that is sold to the general public: »IPC Media is the UK s leading consumer magazine publisher, selling 350 million magazines every year. → Compare TRADE MAGAZINE(Cf. ↑trade magazine) ► a magazine that compares… …
17consumer-friendly — UK US adjective ► used to describe something that is good for people who are buying products and services for their own use: »The computers offer numerous consumer friendly features . »You don t want to risk your reputation as a consumer friendly …
18risk–utility test — risk–util·i·ty test n: a test used in product liability cases to determine whether a manufacturer is liable for injury to a consumer because the risk of danger created by the product s design outweighs the benefits of the design Merriam Webster’s …
19Consumer Protection Act. (CPA) South Africa — The Consumer Protection Act, No. 68 of 2008 was signed on 24 April 2009. It aims to: • Promote a fair, accessible and sustainable marketplace for consumer products and services; • Establish national norms and standards to ensure consumer… …
20Consumer expectations test — In legal disputes regarding product liability, a consumer expectations test is used to determine whether the product is negligently manufactured or whether a warning on the product is defective. Under this test, the product is considered… …
