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good (DO)<br />1 A tangible output rather than a SERVICE.<br /> 2 Something which bestows UTILITY on the person possessing it.<br /><em>See also:</em> bad; brown good; consumer durable; illth; wealth; white good
purchase tax (H2)<br />A tax levied on a particular sale, often at different rates for different types of goods and services. Persons with a preference for the higher taxed goods suffer discrimination. In the UK, it was replaced by the VALUE-ADDED TAX in 1973.<br /><em>See also:</em> expenditure tax
checking account (G2)<br />A US commercial bank deposit available for immediate use by the writing of a check (cheque). These deposits are part of the Ml money supply: until 1980 they did not bear interest. In the UK, they are known as CURRENT ACCOUNTS.<br /><em>See also:</em> Depository Institutions Deregulation and Monetary Control Act 1980; NOW account
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