Budget Banking
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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ATM | automated teller machine, a machine at a bank
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Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment
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Budget | An estimate of income and expenditure for a set period of time
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Checking Account | An account at a bank against which checks can be drawn by the account depositor.
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Cleared Check | Movement of a check from the bank in which it was deposited to the bank on which it was drawn
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Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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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.
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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 | Declare one's public approval or support of.
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Expense |
The cost required for something; the money spent on something.
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FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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Fees | A payment made for professional advice or services
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Financial Literacy | Financial literacy is the ability to understand finance
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Financial Security | A security is a fungible, negotiable instrument representing financial value
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Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change...
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Income | Money received, esp. on a regular basis, for work or through investments
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Interest | The state of wanting to know or learn about something
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Loan Overdraft | Loan arrangement under which a bank extends credit up to a maximum amount
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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) | 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 | allows customers to conduct financial transactions on a secure website operated by their retail or
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Payee | A 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 | Cause to coexist in harmony; make or show to be compatible.
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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
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Wants | Have a desire to possess or do (something); wish for
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Withdrawal | The action of withdrawing something.
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Created by:
acroskery
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