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 designate oneself as payee of (a check) by signing, usually on the reverse side of the instrument.

Federal Deposit Insurance Corporation.

a charge or payment for professional services

the monetary payment received for goods or services, or from other sources, as rents or investments.

the feeling of a person whose attention, concern, or curiosity is particularly engaged by something.

An overdraft allows the individual to continue withdrawing money even if the account has no funds in it

of necessity; necessarily (usually preceded or followed by must )

Non-sufficient funds (NSF)

Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in the account on which the instrument was drawn.

to cause (a person) to accept or be resigned to something not desired:

tending or serving to save; rescuing; preserving.

to feel a need or a desire for; wish for:

to draw back, away, or aside; take back; remove:

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Budget and Banking

Term	Definition
ATM	automated-teller machine
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 designate oneself as payee of (a check) by signing, usually on the reverse side of the instrument.
Expense	cost or charge
FDIC	Federal Deposit Insurance Corporation.
Fees	a charge or payment for professional services
Finacial Literacy
Finacial Security
Fixed Expense
Income	the monetary payment received for goods or services, or from other sources, as rents or investments.
Interest	the feeling of a person whose attention, concern, or curiosity is particularly engaged by something.
Loan Overdraft	An overdraft allows the individual to continue withdrawing money even if the account has no funds in it
Memo	memorandum.
Needs	of necessity; necessarily (usually preceded or followed by must )
Non-sufficient funds (NSF)	Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in the account on which the instrument was drawn.
Online Banking
Payee
Payer	person who give out pay.
Reconcile	to cause (a person) to accept or be resigned to something not desired:
Savings	tending or serving to save; rescuing; preserving.
Variable Expenses
Wants	to feel a need or a desire for; wish for:
Withdrawl	to draw back, away, or aside; take back; remove:

Created by: freeted

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