budget and banking
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| 1. ATM | automated Teller Machine add this to your definition so you know what it stands for
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| 2. Account Balance | The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance.
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| 3. Budget | An estimate of income and expenditure for a set period of time.
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| 4. Checking Account |
An account at a bank against which checks can be drawn by the account depositor.
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| 5. Cleared Check | The movement of a check from the depository institution at which it was deposited back to the institution on which it was written;
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| 6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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| 7. Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
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| Deposit |
A sum of money placed or kept in a bank account, usually to gain interest.
A sum of money placed or kept in a bank account, usually to gain interest.
A sum of money placed or kept in a bank account, usually to gai
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| Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account
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| Endorse | to write on the back of; especially : to sign one's name as payee
1.Declare one's public approval or support of
1.Declare one's public approval or support of
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| Expense | The cost required for something
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| FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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| Fees | 1.A payment made for professional advice or services
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| Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an...
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| Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities...
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| Fixed Expense | Any expense that does not change from period to period, such as loan payments..
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| Income |
Money received, esp. on a regular basis, for work or through investments.
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| Interest | the percentage of a sum of money charged for its use
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| Loan Overdraft | An extension of credit from a lending institution when an account reaches zero.
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| Memo | A written message, esp. in business; a memorandum.
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| Needs |
Cannot avoid or help doing something: "they must needs depart".
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| Non-sufficient funds (NSF | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored...
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| Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or
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| Payee | person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
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| Payer | a person who pays money for something
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| Reconcile | - to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts.
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| Savings | An economy of or reduction in money, time, or another resource
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| Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer
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| Wants | Have a desire to possess or do (something); wish
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| Withdrawal | 1.The action of withdrawing something
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