Budget and Banking
|1. ATM ||automated teller machine|
|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 |
|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 or support of.
2.Recommend (a product) in an advertisement.
|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.
2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.
|14. Financial Literacy ||Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an...|
|15. Financial Security ||A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities...|
|16. Fixed Expense ||(FIXED EXPENSES) Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change|
|17. Income ||Money received, esp. on a regular basis, for work or through investments.|
|18. Interest ||The state of wanting to know or learn about something or someone: "many people lose interest in history".|
|19. Loan Overdraft |
|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) ||Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored...|
|23. Online Banking ||Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or...|
|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 ||1.Restore friendly relations between: "she wanted to be reconciled with her father".
2.Cause to coexist in harmony; make or show to be compatible.
|27. Savings ||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.
|28. Variable Expenses ||(Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer. Ch 2 -...|
|29. Wants ||Have a desire to possess or do (something); wish for.|
|30. Withdrawal ||1.The action of withdrawing something.
2.An act of taking money out of an account.