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Chapter 9 Flash Cards
Flash Cards
9
Business
10th Grade
01/30/2012

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Cards

Term
Conspiracy
Definition
Individual who agree to commit crimes for a promised consideration involved in criminal.
Term
Interest
Definition
The fee the borrower pays to the lender for using the money.
Term
Usury
Definition
Charging more than maximum legal interest rates.
Term
Lottery
Definition
The game that consists of drawing lots, typically tickets with different combination of numbers printed on them, in which prizes are distributed to the winners among persons buying a chance.
Term
License
Definition
A legal document stating that the holder has permission from the proper authorities to carry on a certain trade or profession.
Term
Restraint of Trade
Definition
A limitation on the full exercise of doing business with others.
Term
Restrictive Covenant
Definition
A promise not to compete.
Term
Price Fixing
Definition
When competitors agree on certain price ranges within which to set their prices.
Term
Competitive Bidding
Definition
The process by which rivals submit bids for a project.
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