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AD-AS MODEL: An economic model relating the price level and real production that is used to analyze business cycles, gross domestic product, unemployment, inflation, stabilization policies, and related macroeconomic phenomena. The AS-AD model, inspired by the standard market model, captures the interaction between aggregate demand (the buyers) and short-run and long-run aggregate supply (the sellers).
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CREDIT CARD: A piece of plastic (about 2 inches by 3 1/2 inches) that authorizes a user to make use of a pre-established loan (or line of credit) with a bank, store, or other business when conducting transactions (that is, buying stuff). Credit cards a simply a means of easily and quickly borrowing the funds needed to make a purchase. Some folks confuse credit cards with money, using the term "plastic money," in that both are used to facilitate purchases. However, credit cards create a liability (the loan), while money is an asset. The only real plastic money is debit cards. See also | loan | liability | credit | money | asset | debit card | bank |
Recommended Citation:CREDIT CARD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: October 7, 2026].
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AXIOM A basic precondition or assumption underlying a theory. Axioms are basic, unverifiable world view assumptions--including personal beliefs, political views, and cultural values--that form the foundation of a theory.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time at a dollar discount store hoping to buy either a tall storage cabinet with five shelves and a secure lock or a birthday greeting card for your grandmother. Be on the lookout for slow moving vehicles with darkened windows.
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"You don't have to see the top of the staircase to take the first step.¾ " -- Martin Luther King, civil rights leader
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IADB
Inter-American Development Bank
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