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.
Help!
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| ATM | a machine where you can deposit or withdrawl your earings.
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| Account Balance | The amount of money in a financial repository
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| Budget | an estimate, often itemized, of expected income and expense for a given period in the future.
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| Checking Account | a bank deposit against which checks can be drawn by the 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, and the movement of its face amount in the opposite direction
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| Credit Union | a cooperative group that makes loans to its members at low rates of interest.
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| Debit Card | a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders.
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| Deposit | to place for safekeeping or in trust, especially in a bank account
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| Direct Deposit | a method of payment in which money is transferred to the payee's account without the use of checks or cash
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| Endorse | to write on the back of; especially: to sign one's name as payee on the back of (a check) in order to obtain the cash or credit represented on the face
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| Expense | the act or an instance of expending
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| FDIC | Federal Deposit Insurance Corporation
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| Fees | an estate in land held in feudal law from a lord on condition of homage and service
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| Financial Literacy | is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it
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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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| Income | The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments
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| Interest | A state of curiosity or concern about or attention to something
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| Loan Overdraft | Instead of bouncing checks and paying large fees, you can borrow a few bucks and pay interest. When you spend all of the money in your checking account, you start borrowing against your overdraft line of credit. This page covers how overdraft lines of cre
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| Memo | memorandum.
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| Needs | of necessity; necessarily
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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 | 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
Have a desire to possess or do (something); wish for.
Have a desire to possess or do (something); wish for.
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| withdrawl |
An act of taking money out of an account.
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Created by:
chelseymarie
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