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begin{tabular}{|c|c|c|c|} hline Term & Answer & & Description hline Rebate & & A. & begin{tabular}{l} An insurance policy that pays the policyholder the difference

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\begin{tabular}{|c|c|c|c|} \hline Term & Answer & & Description \\ \hline Rebate & & A. & \begin{tabular}{l} An insurance policy that pays the policyholder the difference between the actual cash \\ value (ACV) that the insurance company pays when a vehicle is dedared a total loss and \\ the outstanding loan amount on the purchase of the vehicle. \end{tabular} \\ \hline Impulse purchase & & B. & The value of a leased asset at the end of the lease period. \\ \hline Lease & & C. & \begin{tabular}{l} The purchase of a pood or service without fully considering your priorities and the \\ availability of any alternatives. \end{tabular} \\ \hline Dealer holdback & & D. & \begin{tabular}{l} A lease transaction, often called a walkaway lease, that allows the fessee, at the end of \\ the lease period, to merely retum the vehide-assuming that he or she has not exceeded \\ the preset mileage limit or abused the vehicle. \end{tabular} \\ \hline Closed-end lease & & E. & A partial refund of a car's purchase price that dealers give as an inducement to purchase. \\ \hline Sticker price & & F. & \begin{tabular}{l} This rebate, calculated as a percentage of the vehicle's invoice price, that increases the \\ dealer's profit and allows a vehicle to be sold for less than either the vehicle's sticker price \\ or the dealer's invoice price. \end{tabular} \\ \hline Residual value & & G. & \begin{tabular}{l} The popular name given to the manufacturer's suggested retail price (MSRP), which by \\ federal regulation is posted on the vehicle's window. \end{tabular} \\ \hline Low-balling & & H. & \begin{tabular}{l} The practice involving unethical car dealers who first quote a low sales price to induce a \\ potential customer to make an offer and then attempt to add costly add-ons to the \\ transaction prior to the signing of the contract. \end{tabular} \\ \hline Gross capitalized cost & & 1. & \begin{tabular}{l} A contract and business transaction in which the user of an item, such as a car or house. \\ receives the sight to use it in exchange for scheduled payments for a fixed period. \end{tabular} \\ \hline Gap insurance & & 3. & \begin{tabular}{l} The price of a leased asset as specified in the lease apreement, which indudes the \\ negotiated cost of the vehide and any apolicable fees and taxes. \end{tabular} \\ \hline \end{tabular}

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