Caveat emptor is a Latin phrase meaning “let the buyer beware”.
The buyer’s warning principle is sometimes used in legal contracts as a type of disclaimer.
The disclaimer excludes post-purchase disputes, despite the fact that the seller has more information than the buyer about the quality of the product or service.
Caveat emptor is more commonly accepted in real estate transactions in some states than others in the US.
The US has generally moved from a cautious buyer to a cautious seller, or “let the seller beware”.
Automatic bill payment occurs when money is automatically transferred on a scheduled date to pay recurring bills such as a mortgage, credit card, or utility bill.
Green Monday is the second Monday in December and one of the busiest retail sales days in the US.
eBay claims to have coined the phrase in 2007 after realizing that its highest selling day was the second Monday of that year.
The Life Cycle Hypothesis (LCH) is an economic theory developed in the early 1950s that states that people plan their spending throughout their lives, taking into account future income.