budget and banking
|1. ATM ||An automated teller machine (ATM), also known as automatic banking machine (ABM), Cash Machine, or Cashpoint|
|2. Account Balance ||A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world|
|3. Budget ||An estimate of income and expenditure for a set period of time.|
|4. Checking Account ||
An account at a bank against which checks can be drawn by the account depositor
|5. Cleared Check ||Movement of a check from the bank in which it was deposited to the bank on which it was drawn|
|6. Credit Union ||A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc|
|7. Debit Card ||A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.|
|8. Deposit ||A sum of money placed or kept in a bank account, usually to gain interest.
|9. Direct Deposit ||The electronic transfer of a payment directly from the account of the payer to the recipient's account.|
|10. Endorse ||1.Declare one's public approval |
|11. Expense ||The cost required for something; the money spent on something|
|12. FDIC ||Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.|
|13. Fees ||1.A payment made for professional advice or services|
|14. Financial Literacy ||Financial literacy is the ability to understand finance|
|15. Financial Security ||A security is a fungible, negotiable instrument representing financial value|
|16. Fixed Expense ||Costs of owning and operating a property that are not discretionary and, except for occasional increases, |
|17. Income ||Money received, esp. on a regular basis, for work or through investments.
|18. Interest ||Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money, |
|19. Loan Overdraft ||your bank will cover checks which would otherwise bounce. As with any loan|
|20. Memo ||A written message, esp. in business; a memorandum.
|21. Needs ||Cannot avoid or help doing something: "they must needs depart".
|22. Non-sufficient funds (NSF) ||A term used to indicate when an item such as a check|
|23. Online Banking ||Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated |
|24. Payee ||A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable|
|25. Payer ||a person who pays money for something|
|26. Reconcile ||Analysis and adjustment of differences between the cash balance shown on a bank statement|
|27. Savings ||The money one has saved, esp. through a bank or official scheme|
|28. Variable Expenses ||Variable costs are expenses that change in proportion to the activity of a business|
|29. Wants ||The human motives that induce the business and economic activities which produce the desired goods and services|
|30. Withdrawal ||An act of taking money out of an account|