Question | Answer |
What is an application? | A form used in making a request |
What is a checkbook balance? | the difference between the debit total and the credit total of an account. |
What does it mean to bounce a check? | To write a check drawn on an account with insufficient funds |
What is a checking account? | An account that allows the owner to write checks against deposited money |
What is a check register? | A booklet for recording the money that is put in or removed from the checking account |
What is a check? | Written order to a bank to pay a certain amount of money from a checking account to another person or business |
What is a credit card? | A card that allows the holder to buy goods and services, taking out a bank loan for the purchases |
What is a deposit ticket? | Written record of money put into a checking account |
What does it mean to endorse a check? | To write a signature on the back of a check |
What is a financial institution? | A business that provides money-related services |
What is interest? | A fee received for the use of money |
What is a loan? | An amount of money borrowed by someone that must be repaid, usually with interest |
What is a net deposit? | The amount of money deposited into an account, minus any cash received |
What is a teller? | a person employed in a bank to receive or pay out money over the counter. |
What is a transaction? | any sort of activity involving a change of money in an account |