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Budget and banking
| Term | Definition |
|---|---|
| ATM | "Automated Teller Machine (cash machine)" |
| Account Balance | The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance. |
| Budget | A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money |
| Checking Account | In deposit terminology, the term Checking Account refers to a deposit account at a bank or other financial institution which allows the holder of the account the ability to write checks against their deposits. While most Checking Accounts do not pay inter |
| Cleared Check | The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal |
| Credi Uniont | A non-profit financial institution that is owned and operated entirely by its members |
| Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
| Depsoit | 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 | 1.Declare one's public approval or support of. 2.Recommend (a product) in an advertisement |
| Expense Have a desire to possess or do (something); wish for. | The cost required for something; the money spent on something The cost required for something; the money spent on something. The cost required for something; the money spent on something. The cost required for something; |
| FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
| Fees | 1.A payment made for professional advice or services. 2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something. |
| Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an... |
| Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities... |
| Fixed Expense | 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 Money received, esp. on a regular basis, for work or through investments. |
| Interest | The state of wanting to know or learn about something or someone: "many people lose interest in history". |
| Loan Overdraft | The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation. Usage Examples Login or Register to see usage examples. Recommended Articles from InvestorGuide.c |
| Memo | A written message, esp. in business; a memorandum. A written message, esp. in business; a memorandum. A written message, esp. in business |
| Needs | Cannot avoid or help doing something: "they must needs depart". |
| Nonsufficient 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 | banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail |
| 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 | 1.Restore friendly relations between: "she wanted to be reconciled with her father". 2.Cause to coexist in harmony; make or show to be compatible |
| Savings | 1.An economy of or reduction in money, time, or another resource. 2.The money one has saved, esp. through a bank or official scheme |
| Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen |
| Wants | Have a desire to possess or do (something); Have a desire to possess or do (something); wish for. |
| Have a desire to possess or do (something); wish for. |
Created by:
tyshaetucker
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