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Term | Definition |
---|---|
(asset)noun | an item owned. |
(automated teller machine) (ATM) noun | a machine that can perform banking transactions. |
balance (noun or verb) | the amount of money in an account; to find the difference between the debits and credits in an account. |
budget (noun or verb) | a plan created to monitor spending and saving; to plan for expenses. |
capital (noun) | the value of personal items owned, including savings, investments, and property, |
check register (noun) | a log to keep track of all checking account transactions, including checks written, debits, deposits, and fees. |
credit register (noun) | your financial report card, which includes a record of whether you have been on time in making your loan and credit payments; the information in your credit report determines your credit score, which is shared with lenders and landlords. |
debit card (noun) | a plastic card used for purchases and cash withdrawals that takes money directly from a bank account. |
debt card (noun) | a plastic card used for purchases and cash withdrawals that takes money directly from a bank account. |
debt (noun) | money owed |
deposit (noun or verb) | money put into an account; to put money into an account. |
dividend (noun) | a sum of money given as a bonus based on earnings or saving from a bank or company. |
draft (noun or verb) | another name for a check, which is a written order instructing a financial institution to pay a specific amount of money from the account bottom; to take money from an account. |
finance charge (noun) | the total dollar amount a buyer pays to use credit, including interest costs, service charges, and insurance. |
fixed (adjective) | not changing |
gross income (noun) | the total amount of earning before any taxes or other payments are taken out. |
interest (noun) | the amount paid to a lender for borrowing money. |
interest (noun) | the profit earned on an investment. |
mortgage (noun) | a loan to buy real estate, including a home and or property. |
net worth (noun) | the amount of p |