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Budget And Banking
Atm | electronic banking outlet |
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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, and the movement of its face amount in the opposite direction Read more: http://www.businessdictionary.com/definition/check-clearing.html#ixzz2Nuh3DjyS |
6. Credit Union | nonprofit financial cooperative offering deposit accounts, low-interest loans, etc. |
7. Debit Card | 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 |
Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account |
10. Endorse | 1Declare one's public approval or support of |
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 | 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 |
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, do not change... |
income | Money received, esp. on a regular basis, for work or through investments |
18. Interest | A feepaid for the use of another party's money. To the borrower it is the cost of renting money, to the lender the income from lending it. |
19. Loan Overdraft | Balance of a bank account in which funds withdrawn have exceeded funds deposited |
20. Memo | A person's power to remember things |
21. Needs | Cannot avoid or help doing something |
22. 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... |
23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website |
24. Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable. |
26. Reconcile | Cause to coexist in harmony; make or show to be compatible. |
27. Savings | The money one has saved |
28. Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business. |
29. Wants | Have a desire to possess |
30. Withdrawal | An act of taking money out of an account |