Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Budget and Banking

TermDefinition
ATM Automatic Teller Machine
Account Balance amount of money in a financial repository at any given moment
Budget An estimation of the revenue and expenses over a specified future period of time
Checking Account A transactional deposit account held at a financial institution that allows for withdrawals and deposits
Cleared Check the check has cleared
Credit Union provide a secure and convenient place where members can save their money
Debit Card An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services
Deposit A transaction involving a transfer of funds to another party for safekeeping.
Direct Deposit Electronic funds that are deposited directly into your bank account rather than through a paper check.
Endorse acknowledge (receipt of payment) by signing a bill, draft, or other instrument
Expense Money spent or costs incurred that are tax-deductible and reduce taxable income
FDIC a federally sponsored corporation that insures accounts in national banks and other qualified institutions
Fees A fixed sum charged, as by an institution or by law, for a privilege
Financial Literacy allow an individual to make informed and effective decisions through their understanding of finances
Financial Security Something deposited or given as assurance of the fulfillment of an obligation
Fixed Expense An expense that does not change from time period to time period
Income The amount of money or its equivalent received during a period of time in exchange for labor or service
Interest A charge for a loan, usually a percentage of the amount loaned
Loan Overdraft The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation
Memo An accounting entry with no debit or credit amounts
Needs a requirement, necessary duty, or obligation
Non-sufficient funds do not have enough money in your checking account to cover the checks you wrote
Online Banking A system allowing individuals to perform banking activities at home, via the internet
Payee One to whom money is paid
Payer One that pays
Reconcile to make two financial accounts or statements agree Read more: http://www.investorwords.com/10820/reconcile.html#ixzz2NQKcSYSf
Savings An amount of money saved
Variable Expenses cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or year to year.
Wants Unfulfilled desire.
Withdrawl removal of funds from an account.
Created by: ShaniceT