Investopedia

Continue to Site »

Credence Good

Filed Under » ,
Dictionary Says

Definition of 'Credence Good'

A type of good with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its utility. Typical examples of credence goods include expert services such as medical procedures, automobile repairs and dietary supplements.
Investopedia Says

Investopedia explains 'Credence Good'

Credence goods that do not perform as expected can have adverse consequences ranging from financial loss to ill-health and even death. For example, the U.S. Food & Drug Administration has, over the years, prohibited a number of dietary supplements from being marketed, either due to misleading advertising claims by their manufacturers, or because they could induce serious side-effects.

Articles Of Interest

  1.

    How To Avoid Buying A "Lemon" Product

    A lack of information can lead people into bad purchases and bad investments. Find out how you can avoid these lemons.

  2. Mondelez Isn't As Good As Nestle, But Priced Like It Is

    Investors seem to bullish on Mondelez, given the relative performance at Kellogg and Nestle.

  3. How Spring Cleaning Can Make You Money

    Spring cleaning is a well-established tradition, but you can also make money by selling your unwanted goods.

  4. 5 Painless Ways To Save More Money

    Saving money can be a chore, but these tricks put money in your pocket with no effort at all.

  5. Restaurant Segments Going Under

    Diners are as American as apple pie, yet their popularity is waning with today's consumers.

  6. 5 High-Priced Apple Products

    With the skyrocketing demand of anything Apple, many have profited off the demand by selling Apple merchandise on the auction block.

  7. Best Valentine's Day Gifts For Your Man That Are Under $20

    These inexpensive products make good gifts for the man in your life.

  8. Best Valentine's Day Gifts For Women That Are Under $20

    Clichés are clichés for a reason. Sometimes the most clichéd gift can actually be an ideal one.

  9. Becoming Part Of The Thrift Market: How To Make And Save Money

    With another recession looming large in the United States, here's how the thrift industry offers hope for the future.

  10. 5 Of The Best Auto Warranties

    With all the money that is spent on cars, you want to make sure that the vehicle you purchase is backed up by a solid manufacturer warranty.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center