An automated teller machine (ATM), also known as automatic banking machine (ABM), Cash Machine, or Cashpoint

A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world

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

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

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.

1.Declare one's public approval

The cost required for something; the money spent on something

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

1.A payment made for professional advice or services

14. Financial Literacy

Financial literacy is the ability to understand finance

15. Financial Security

A security is a fungible, negotiable instrument representing financial value

Costs of owning and operating a property that are not discretionary and, except for occasional increases,

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

Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money,

your bank will cover checks which would otherwise bounce. As with any loan

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

Cannot avoid or help doing something: "they must needs depart".

22. Non-sufficient funds (NSF)

A term used to indicate when an item such as a check

Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated

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

Analysis and adjustment of differences between the cash balance shown on a bank statement

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

28. Variable Expenses

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

The human motives that induce the business and economic activities which produce the desired goods and services

An act of taking money out of an account

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
1. ATM	An automated teller machine (ATM), also known as automatic banking machine (ABM), Cash Machine, or Cashpoint
2. Account Balance	A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world
3. Budget	An estimate of income and expenditure for a set period of time.
4. Checking Account	An account at a bank against which checks can be drawn by the account depositor
5. Cleared Check	Movement of a check from the bank in which it was deposited to the bank on which it was drawn
6. Credit Union	A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc
7. Debit Card	A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
8. Deposit	A sum of money placed or kept in a bank account, usually to gain interest.
9. Direct Deposit	The electronic transfer of a payment directly from the account of the payer to the recipient's account.
10. Endorse	1.Declare one's public approval
11. Expense	The cost required for something; the money spent on something
12. FDIC	Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
13. Fees	1.A payment made for professional advice or services
14. Financial Literacy	Financial literacy is the ability to understand finance
15. Financial Security	A security is a fungible, negotiable instrument representing financial value
16. Fixed Expense	Costs of owning and operating a property that are not discretionary and, except for occasional increases,
17. Income	Money received, esp. on a regular basis, for work or through investments.
18. Interest	Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money,
19. Loan Overdraft	your bank will cover checks which would otherwise bounce. As with any loan
20. Memo	A written message, esp. in business; a memorandum.
21. Needs	Cannot avoid or help doing something: "they must needs depart".
22. Non-sufficient funds (NSF)	A term used to indicate when an item such as a check
23. Online Banking	Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated
24. Payee	A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable
25. Payer	a person who pays money for something
26. Reconcile	Analysis and adjustment of differences between the cash balance shown on a bank statement
27. Savings	The money one has saved, esp. through a bank or official scheme
28. Variable Expenses	Variable costs are expenses that change in proportion to the activity of a business
29. Wants	The human motives that induce the business and economic activities which produce the desired goods and services
30. Withdrawal	An act of taking money out of an account

Created by: sampangburn

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: