an electronic banking machine that dispenses cash, accepts deposits, and performs other services when a customer inserts a plastic card and pushes the proper coded buttons.

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

an estimate, often itemized, of expected income and expense for a given period in the future.

a bank deposit against which checks can be drawn by the 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 cooperative group that makes loans to its members at low rates of interest.

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.

to place for safekeeping or in trust, especially in a bank account

a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.

to write on the back of; especially : to sign one's name as payee

a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks.

a charge or payment for professional services

Possessing the knowledge necessary to understand concepts related to finance.

Protection of a person's financials

Expenses that continue at relatively stable levels, personnel expenses,and some minimal level of utilities.

The money a person makes from labor, investment, or any other source, especially in the course of a year.

The price paid for borrowing money.

An extension of credit from a lending institution when an account reaches zero

including who the memo is from, the name of the addressee, the subject of the memo and a brief, straightforward message.

Non-sufficient funds (NSF)

a check that is dishonored on presentation because of insufficient funds

The conducting of bank business at home by means of electronic communications, such as a telephone or computer

to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts.

money put into an account to be used at a later time

A cost that fluctuates directly with output changes

the act of taking out money or other capital

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

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

Term	Definition
ATM	an electronic banking machine that dispenses cash, accepts deposits, and performs other services when a customer inserts a plastic card and pushes the proper coded buttons.
Account Balance	The amount of money in a financial repository, such as a checking account, at any given moment.
Budget	an estimate, often itemized, of expected income and expense for a given period in the future.
Checking Account	a bank deposit against which checks can be drawn by the 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 cooperative group that makes loans to its members at low rates of interest.
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.
Deposit	to place for safekeeping or in trust, especially in a bank account
Direct Deposit	a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.
Endorse	to write on the back of; especially : to sign one's name as payee
Expense	cost or charge
FDIC	a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks.
Fees	a charge or payment for professional services
Financial Literacy	Possessing the knowledge necessary to understand concepts related to finance.
Financial Security	Protection of a person's financials
Fixed Expense	Expenses that continue at relatively stable levels, personnel expenses,and some minimal level of utilities.
Income	The money a person makes from labor, investment, or any other source, especially in the course of a year.
Interest	The price paid for borrowing money.
Loan Overdraft	An extension of credit from a lending institution when an account reaches zero
Memo	including who the memo is from, the name of the addressee, the subject of the memo and a brief, straightforward message.
Needs	Of necessity
Non-sufficient funds (NSF)	a check that is dishonored on presentation because of insufficient funds
Online Banking	The conducting of bank business at home by means of electronic communications, such as a telephone or computer
Payee	One to whom money is paid.
Payer
Reconcile	to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts.
Savings	money put into an account to be used at a later time
Variable Expenses	A cost that fluctuates directly with output changes
Withdrawal	the act of taking out money or other capital

Created by: mfowler713

Popular Finance sets

Economic Activites

Goals and Decisions

Basic of Taxes

Consumer rights and responsibilities

Career Choices

Lifestyles and Stages of Life

shopping options and practices

Savings And Investing

Researching Job/Career Options

Protecting Your Financial Security

Transportation Options

Consumer Information

"Know" box contains:
Time elapsed:
Retries: