Budget & Banking
|ATM ||automated Teller Machine, place where you can get and deposit money from your accounts|
||A balance of payments|
|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 ||when a check has been cashed or deposited into an account|
|Credit Union ||A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.|
|Debit Card ||A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.|
|Deposit ||putting money into an account (savings or checking)|
|Direct Deposit ||The electronic transfer of a payment directly from the account of the payer to the recipient's account.|
|Endorse ||to write on the back of; especially : to sign one's name as payee |
|Expense ||The cost required for something; the money spent on something.|
|FDIC ||Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.|
|Fees ||1.A payment made for professional advice or services.|
|Financial Literacy ||Financial literacy is the ability to understand finance.|
|Finacial Security ||A security is a fungible, negotiable instrument representing financial value.|
|Fiexed Expense ||Any expense that does not change from period to period, such as loan payments..|
|Income ||Money received, esp. on a regular basis, for work or through investments.
|Intrest ||money earned based on your investments |
|Loan Overdraft ||taking out more money than your original loan|
|Memo ||A written message, esp. in business; a memorandum.|
|Needs ||Cannot avoid or help doing something.
Cannot avoid or help doing something.
|Non-sufficient funds ||Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored.|
|Online Banking ||Online banking (or Internet 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.|
|Rconcile ||to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts. |
|Savings ||putting money into an account for future use|
|Varuiable Expenses ||Variable costs are expenses that change in proportion to the activity of a business.|
|Wants ||Have a desire to possess or do .|
|Withdraw ||The action of withdrawing something|