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_Banking

Vocab

TermDefinition
ATM Automated Teller machine
Acount Balance Amount of money in your account
Budget Income in an estimated period of time.
Checking Acount An account that you can take money out by writting checks.
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 Putting in money in an account.
Direct Deposit Straight from the payer to the payee's account.
Endorse Declare one's public approval or support of.
Expense Cost of something(s)
FDIC Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
Fees Extra money on a bill.
Finance Literacy Terms of finance and money
Financial Security State of being in good financial standing.
Fixed Expense An expense with constant same price.
Income Money taking in.
Interest Money made
Loan Overdraft Taking out more than what you had.
Memo Short statement explaining a reason.
Non-sufficiant Funds Bounced or bad check.
Online Banking Banking on the internet
Payee Being payed
Payer Paying
Reconcile Restore friendly relations between
Savings What you have kept and added up over time.
Variable Expenses Variable costs are expenses that change in proportion to the activity of a business.
Wants Have a desire to possess or do
Withdrawl To take out
Created by: Alissa615
Popular Finance sets

 

 



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