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budget and banking

TermDefinition
1. ATM automated-teller machine
2. Account Balance he amount of money in a financial repository, such as a checking account,
3. Budget , an estimate, often itemized, of expected income and expense for a given period in the future
4. Checking Account bank account in which checks may be written against amounts on deposit
5. Cleared Check heck that has cleared the depositor's account and has been marked
6. Credit Union credit union is a member-owned financial cooperative, democraticall
7. Debit Card An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services.
8. Deposit : Money given in advance to show intention to complete the purchase of a property.
9. Direct Deposit The deposit of funds directly into a bank account as a form of payment. Common uses for direct deposit include paychecks and tax .
10. Endorse omething that is written in the process of endorsing
11. Expense he economic costs that a business incurs through its operations to earn revenue.
12. FDIC Federal Deposit Insurance Corporation
13. Fees A fixed sum charged, as by an institution or by law, for a privilege
14. Financial Literacy he possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters
15. Financial Security financial instrument that represents: an ownership position in a publicly-traded corporation (stock), a creditor relationship
16. Fixed Expense A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses that have to be paid by a ... fixed expenses financial definition of fixed expenses
17. Income the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase
17. Income the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase
18. Interest A state of curiosity or concern about or attention to something: an interest in sports.
19. Loan Overdraft If you have an overdraft account, your bank will cover checks which would otherwise bounce. As with any loan, you pay interest on the outstanding balanc
20. Memo A memo, short for the word memorandum,
21. Needs condition or situation in which something is required or wanted:
22. Non-sufficient funds (NSF) An acronym used in the banking industry to signify that there are "non-sufficient funds" in an account in order to honor a check drawn on that account.
24. Payee Pronunciation of payee. Translations of payee. payee synonyms, payee antonym
23. Online Banking A system allowing individuals to perform banking activities at home
25. Payer One that pays: a prompt payer of bills
2
27. Savings The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment ...
28. Variable Expenses Variable costs are those costs that vary depending on a company's production volume; they rise as ...
29. Wants to feel a need or a desire for; wish
30. Withdrawal retreat or retirement. b. Retreat of a military force in the face of enemy attack or after ...
Created by: Marquistl4 on 2013-03-18



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