What Is Construction Spending? Construction spending is an economic indicator that measures the amount of spending toward new construction. The U.S. Department of Commerce’s Census Bureau releases the monthly Value of Construction Put in Place Survey (VIP), which looks at residential and non-residential construction in the private sector, as well as state and federal construction spending.
What Is Constructive Receipt? Constructive receipt is an accounting term that requires an individual or business to pay taxes on income despite the fact that the money has not yet been received in actuality. What matters instead is that the recipient of the income is able to control or utilize that money even when it
What Are Consumer Cyclicals? Consumer cyclicals are a category of stocks that rely heavily on the business cycle and economic conditions. Consumer cyclicals include industries such as automotive, housing, entertainment, and retail. The category can be further divided into durable and non-durable sections: Durable cyclicals include physical goods such as hardware or vehicles while non-durables represent
What Is Consumer Surplus? Consumer surplus is an economic measurement of consumer benefits resulting from market competition. A consumer surplus happens when the price that consumers pay for a product or service is less than the price they’re willing to pay. It’s a measure of the additional benefit that consumers receive because they’re paying less
What Is the Consumer and Business Lending Initiative (CBLI)? The Consumer and Business Lending Initiative (CBLI) was a federal program that aimed to resolve the 2008 credit crisis and restore confidence in the economy through the government purchase of a massive amount of private debt. The aim was to unlock credit and kickstart the economy by
What Is a Consumer Credit File? A consumer credit file is a collection of data about an individual’s borrowing and repayment activity. Your credit file contains the information that determines your credit score. When you apply for an automotive, mortgage, or other type of loan, the financial institution will check your credit file to see
What Is the Consumer Credit Protection Act of 1968 (CCPA)? The Consumer Credit Protection Act Of 1968 (CCPA) is federal legislation that created protections for consumers from banks, credit card companies, and other lenders. The act mandates disclosure requirements that must be followed by consumer lenders and auto-leasing firms and has been expanded significantly since
What Is Consumer Debt? Consumer debt consists of personal debts that are owed as a result of purchasing goods that are used for individual or household consumption. Credit card debt, student loans, auto loans, mortgages, and payday loans are all examples of consumer debt. These stand in contrast to other debts that are used for
What Is Consumer Discretionary? Consumer discretionary is a term that describes goods and services that consumers consider non-essential but desirable if their available income is sufficient to purchase them. Examples of consumer discretionary products and services can include durable goods, high-end apparel, entertainment, leisure activities, and automobiles.               Companies that supply these types of goods and
What Is the Consumer Financial Protection Act? The Consumer Financial Protection Act of 2010 is an amendment to the National Bank Act designed to identify and explain the standards that apply to national banks. The Consumer Financial Protection Act aims to increase oversight and clarify the consumer finance laws governing financial transactions to protect consumers
