Budget and Banking
|automated teller machine or automatic teller machine ||ATM|
|The amount of money in a financial repository, such as a checking account, at any given moment. ||Account Balance|
|a quantified financial plan for a forth coming accounting period. ||Budget|
|transactional deposit account held at a financial institution that allows for withdrawals and deposits. ||Checking Account|
|The movement of a check from the depository institution at which it was deposited back to the institution on which it was written ||Cleared Check|
|a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift ||Credit Union|
|An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services. ||Debit Card |
|Money given in advance to show intention to complete the purchase of a property.
|a deposit of money straight from the source into a bank account ||Direct Deposit|
|to write on the back of; especially : to sign one's name as payee ||Endorse|
|The economic costs that a business incurs through its operations to earn revenue. ||Expense|
|Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the U.S. Congress to maintain stability ||FDIC|
|the price one pays as remuneration for services ||Fees|
|the ability to understand how money works in the world ||Financial Literacy|
|A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities ||Financial Security|
|Costs of owning and operating a property that are not discretionary and, except for occasional increases, ||Fixed Expense|
Money received, esp. on a regular basis, for work or through investments. ||Income|
|The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption ||Interest |
|Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account customer can write checks or makewithdraw. ||Loan Overdraft|
|A written message, esp. in business; a memorandum ||Memo|
|A motivating force that compels action for its satisfaction ||Needs|
|a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds ||Non-sufficient funds (NSF)|
|Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail ||Online Banking|
|A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable. ||Payee|
|a person who pays money for something. ||Payer|
|key process used to determine whether the money leaving an account matches the amount ||Reconcile|
|1.An economy of or reduction in money, time, or another resource.
2.The money one has saved, esp. through a bank or official scheme
|Variable costs are expenses that change in proportion to the activity of a business ||Variable Expenses|
|The human motives that induce the business and economic activities which produce the desired goods and services ||Wants|
|1.The action of withdrawing something.
2.An act of taking money out of an account.