A Good Way to Save Money Is to Spend All

question 155

True/False

A good way to save money is to spend all of your regular income, but have a strict rule to put any money from unexpected or unusual sources (such as overtime pay, bonuses, gifts, gambling payouts, or contest prizes) into a savings account.

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Definitions:

Risk of Loss

The responsibility for accidental damage to goods or property, often discussed in the context of selling or shipping goods.

Negotiable Document of Title

A document that guarantees the delivery of goods and can be transferred by endorsement, making the holder the owner of the goods.

Risk of Loss

A legal term referring to the responsibility for the loss or damage of goods, often determined by contracts or law indicating who bears the risk at different times during a transaction.

Bailee

A person or entity who has temporary custody or possession of another's property under a bailment agreement.