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.

It means the check was cashed or deposited

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.

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.

to write on the back of; especially: to sign one's name as payee on the back of (a check) in order to obtain the cash or credit represented on the face

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

Federal Deposit Insurance Corporation

A payment made for professional advice or services.

Financial literacy is the ability to understand finance

having money set aside for future use, living within a budget

a payment that stays the same amount each month

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

a fee paid to someone for borrowing money

your bank will cover checks which would otherwise bounce.

A written message, esp. in business; a memorandum

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

Non-sufficient funds (NSF)

A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the available balance in your deposit account is less than the amount of the item.

A system allowing individuals to perform banking activities at home, via the internet.

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.

accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate

to put money aside for a reason

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

A lack or deficiency of something

2.An act of taking money out of an account.

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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 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	It means the check was cashed or deposited
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	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	to write on the back of; especially: to sign one's name as payee on the back of (a check) in order to obtain the cash or credit represented on the face
Expense	The cost required for something; the money spent on something.
FDIC	Federal Deposit Insurance Corporation
Fees	A payment made for professional advice or services.
Financial Literacy	Financial literacy is the ability to understand finance
Financial Security	having money set aside for future use, living within a budget
Fixed Expense	a payment that stays the same amount each month
Income	Money received, esp. on a regular basis, for work or through investments.
Interest	a fee paid to someone for borrowing money
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: "they must needs depart".
Non-sufficient funds (NSF)	A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the available balance in your deposit account is less than the amount of the item.
Online Banking	A system allowing individuals to perform banking activities at home, via the internet.
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	accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate
Savings	to put money aside for a reason
Variable Expenses	Variable costs are expenses that change in proportion to the activity of a business.Garrison,
Wants	A lack or deficiency of something
Withdrawal	2.An act of taking money out of an account.

Created by: Jakyle Foster

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