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budget and banking

Termautomated 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.
fees . a charge or payment for professional services: a doctor's fee. 2. a sum paid or charged for a privilege: an admission fee. 3. 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. 2. a check overdrawn on a checking account. 3. the amount overdrawn. 4. an excessive drawing on or drawing off of something. 5. a draft made to pass over a fire, as in a furna
memo noun, plural mem·os. memorandum or reminder
needs to be in need or want. adverb of necessity; necessarily (usually preceded or followed by must ):
non-sufficient funds (nsf) National Science Foundation. 2. 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
Created by: cgrieco on 2013-03-07



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