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budget and banking
| Term | Definition |
|---|---|
| ATM | a computerized electronic machine that performs basic banking functions (as handling check deposits or issuing cash withdrawals) —called also automated teller machine, automatic teller, automatic teller machine 2ATM abbreviation asynch |
| Account Balance | The amount of money in a financial repository, such as a checking account |
| Budget | An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. One of ... |
| Checking account | transactional deposit account held at a financial institution that allows for withdrawals and deposits. |
| 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 |
| Credit Union | Financial cooperative created for and by its members who are its depositors, borrowers, and shareholders. |
| Debit Card | An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services |
| Deposit | to place for safekeeping or in trust, especially in a bank account |
| Direct Deposit | Electronic funds that are deposited directly into your bank account rather than through a paper check. |
| Endorse | Endorse is defined as to give your approval to someone or something or to authorize the payment of a document by signing with one's signature. (verb) ... |
| Expense | Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business |
| FDIC | a federally sponsored corporation that insures accounts in national banks and other qualified institutions. |
| Fees | a sum paid or charged for a privilege: an admission fee |
| Financial Literacy | defines personal financial literacy as "the ability to use knowledge and skills to manage financial |
| Financial Security | is being able to buy what you want on your own terms. Freedom! |
| Fixed Expense | An expense that does not change from time period to time period |
| Income | Economic wealth that is generated in exchange for an individual's performance of agreed upon activities or through investing capital. I |
| Interest | The charge for the privilege of borrowing money, typically expressed as an annual percentage rate. |
| Loan Overdraft | |
| Memo | |
| Needs | |
| Non-sufficient funds (NSF) | |
| Online Banking | |
| Payee | |
| Payer | |
| Reconcile | |
| Savings | |
| Variable Expenses | |
| Wants | |
| Withdrawal |
Created by:
monmiles
Popular Finance sets