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Budget Bankig

ATMDefinition
Account Balance The amount of money in a financial repository, such as a checking account, at any given moment.
Budget An even distribution of weight enabling someone or something to remain upright and steady.
Checking Account An account at a bank against which checks can be drawn by the account depositor.
Cleared Check The process in which reserves or funds are transferred among banks to settle the accounts of checks written on one account and deposited into another
Credit Union A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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 Declare one's public approval or support of.
Expense The cost required for something; the money spent on something.
FDIC Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
Fees A payment made for professional advice or services.
Financial Literacy Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that all
Financial Security A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities...
Fixed Expense (FIXED EXPENSES) Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change...
Income Money received, esp. on a regular basis, for work or through investments.
Interest A charge for a loan usually a percentage of the amount loaned
Loan Overdraft Loan arrangement under which a bank extends credit up to a maximum amount
Memo A written message, esp. in business; a memorandum.
Needs Cannot avoid or help doing something: "they must needs depart".
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
Online Banking Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or...
Payer a person who pays money for something.
Reconcile 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 A lack or deficiency of something
Withdrawal An act of taking money out of an account
Created by: neonbriqht14