Examlex
A grocery store sells a bag of potatoes at a fixed price of $2.30.Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?
Escrow Account
A financial arrangement where a third party holds funds on behalf of transacting parties until specified conditions are met.
Neutral Third Party
An unbiased, independent individual or group engaged to help resolve disputes, negotiate agreements, or oversee transactions.
Deposit
A sum of money placed in an account or with a third party as a security for the performance of an obligation or the purchase of something.
Tenancy by the Entirety
A form of joint property ownership reserved for married couples, where each spouse has an equal and undivided interest in the property.
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