budget and banking
|Term||automated teler machine
|account balance ||. The amount of money in a financial repository, such as a checking account, at any given moment.|
|budget ||the total sum of money set aside or needed for a purpose: the construction budget. |
|checking account ||bank deposit against which checks can be drawn by the depositor.|
|cleared check ||a check that has been cleared by bank account|
|credit union ||a cooperative group that makes loans to its members at low rates of interest.|
|debit card ||noun
a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders. |
|deposit ||to place for safekeeping or in trust, especially in a bank account:|
|direct diposit ||also known as direct credit is a banking term that describes a deposit of money straight from the source into a bank account,|
|endorse ||1.Declare one's public approval or support of.
2.Recommend (a product) in an advertisement
|expense ||common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs.|
|FDIC ||Federal Deposit Insurance Corporation.|
a charge or payment for professional services: a doctor's fee.
a sum paid or charged for a privilege: an admission fee.
a charge allowed by law for the service of a public officer. |
|financial literacy ||is the ability to understand how money works in the world|
|financial security ||security or financial instrument is a tradable asset of any kind. Securities are broadly categorized into: debt securities (such as banknotes, bonds and |
|fixed expence ||An expense that does not change from time period to time period. For example, a company may rent a piece of property for $4,000 per month. A company often prefers to have fixed costs because they reduce uncertainty, but this is not always possible.|
|income ||is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.|
|interest ||is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets.|
|loan overdraft ||
an act or instance of overdrawing a checking account.
a check overdrawn on a checking account.
the amount overdrawn.
an excessive drawing on or drawing off of something.
a draft made to pass over a fire, as in a furna|
|memo ||noun, plural mem·os.
memorandum or reminder|
to be in need or want.
of necessity; necessarily (usually preceded or followed by must ):|
|non-sufficient funds (nsf) ||
National Science Foundation.
not sufficient funds.|
|online banking ||The performance of banking activities via the Internet. Online banking is also known as "Internet banking" or "Web banking." |
|payee ||one to whom money is or is to be paid|
|payer ||: one that pays; especially: the person by whom a bill or note has been or should be paid|
|reconcile ||a: to check (a financial account) against another for accuracy
b: to account for|
|ATM ||automative teller machine gives money in replacement to a bank teller|