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Budget and Banking

TermDefinition
ATM automated-teller machine
Account Balance The amount of money in a financial repository, such as a checking account, at any given moment
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. An account at a bank against which checks can be drawn by the account depositor.
5. Cleared Check check was cashed or deposited
6. Credit Union A nonprofit financial cooperative offering deposit accounts, low-interest loans
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 To sign a legal document, such as a check
11. Expense The cost required for something; the money spent on something.
Created by: DayJona