The amount of money in a financial repository, such as a checking account, at any given moment.

An estimate of income and expenditure for a set period of time.

An account at a bank against which checks can be drawn by the account depositor.

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.

A nonprofit financial cooperative offering deposit accounts, low-interest loans

A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

A sum of money placed or kept in a bank account, usually to gain interest.

The electronic transfer of a payment directly from the account of the payer to the recipient's account.

Recommend (a product) in an advertisement

The cost required for something; the money spent on something.

Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.

automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking

2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.

Financial literacy is the ability to understand finance

A security is a fungible, negotiable instrument representing financial value.

does not change from time period to time period

Money received, esp. on a regular basis, for work or through investments.

The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal

your bank will cover checks which would otherwise bounce

A written message, esp. in business; a memorandum.

Cannot avoid or help doing something

Non-sufficient funds (NSF)

demand for payment (a cheque) cannot be honored because insufficient funds

allows customers to conduct financial transactions on a secure website operated by their retail

A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.

a person who pays money for something.

Cause to coexist in harmony; make or show to be compatible.

The money one has saved, esp. through a bank or official scheme.

Variable costs are expenses that change in proportion to the activity of a business.

Have a desire to possess or do (something); wish for.

An act of taking money out of an account.

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Budget and Banking

TERM	Definition
Account Balance	The amount of money in a financial repository, such as a checking account, at any given moment.
Budget	An estimate of income and expenditure for a set period of time.
Checking Account	An account at a bank against which checks can be drawn by the account depositor.
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.
Credit Union	A nonprofit financial cooperative offering deposit accounts, low-interest loans
Debit Card	A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Deposit	A sum of money placed or kept in a bank account, usually to gain interest.
Direct Deposit	The electronic transfer of a payment directly from the account of the payer to the recipient's account.
Endorse	Recommend (a product) in an advertisement
Expense	The cost required for something; the money spent on something.
FDIC	Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
ATM	automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking
Fees	2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.
Financial Literacy	Financial literacy is the ability to understand finance
Financial Security	A security is a fungible, negotiable instrument representing financial value.
Fixed Expense	does not change from time period to time period
Income	Money received, esp. on a regular basis, for work or through investments.
Interest	The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal
Loan Overdraft	your bank will cover checks which would otherwise bounce
Memo	A written message, esp. in business; a memorandum.
Needs	Cannot avoid or help doing something
Non-sufficient funds (NSF)	demand for payment (a cheque) cannot be honored because insufficient funds
Online Banking	allows customers to conduct financial transactions on a secure website operated by their retail
Payee	A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
Payer	a person who pays money for something.
Reconcile	Cause to coexist in harmony; make or show to be compatible.
Savings	The money one has saved, esp. through a bank or official scheme.
Variable Expenses	Variable costs are expenses that change in proportion to the activity of a business.
Wants	Have a desire to possess or do (something); wish for.
Withdrawal	An act of taking money out of an account.

Created by: twilightshelby

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