Welcome to StudyStack, where users create FlashCards and share them with others. Click on the large flashcard to flip it over. Then click the green, red, or yellow box to move the current card to that box. Below the flashcards are blue buttons for other activities that you can try to study the same information.
Test Android StudyStack App
Please help StudyStack get a grant! Vote here.
or...
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.


incorrect cards (0)
correct cards (0)
remaining cards (0)
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
Retries:
restart all cards


Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Budget and Banking

TERMDefinition
Account Balance The amount of money in a financial repository, such as a checking account, at any given moment.
Budget An estimate of income and expenditure for a set period of time.
Checking Account An account at a bank against which checks can be drawn by the account depositor.
Cleared Check Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount in the opposite direction.
Credit Union A nonprofit financial cooperative offering deposit accounts, low-interest loans
Debit Card A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Deposit A sum of money placed or kept in a bank account, usually to gain interest.
Direct Deposit The electronic transfer of a payment directly from the account of the payer to the recipient's account.
Endorse Recommend (a product) in an advertisement
Expense The cost required for something; the money spent on something.
FDIC Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
ATM automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking
Fees 2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.
Financial Literacy Financial literacy is the ability to understand finance
Financial Security A security is a fungible, negotiable instrument representing financial value.
Fixed Expense does not change from time period to time period
Income Money received, esp. on a regular basis, for work or through investments.
Interest The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal
Loan Overdraft your bank will cover checks which would otherwise bounce
Memo A written message, esp. in business; a memorandum.
Needs Cannot avoid or help doing something
Non-sufficient funds (NSF) demand for payment (a cheque) cannot be honored because insufficient funds
Online Banking allows customers to conduct financial transactions on a secure website operated by their retail
Payee A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
Payer a person who pays money for something.
Reconcile Cause to coexist in harmony; make or show to be compatible.
Savings The money one has saved, esp. through a bank or official scheme.
Variable Expenses Variable costs are expenses that change in proportion to the activity of a business.
Wants Have a desire to possess or do (something); wish for.
Withdrawal An act of taking money out of an account.
Created by: twilightshelby on 2013-03-07



bad sites Copyright ©2001-2014  StudyStack LLC   All rights reserved.