Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Buget And Banking

term definition
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 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
ATM automated Teller Machine add this to your definition so you know what it stands for
Cleared Check Movement of a check from the bank in which it was deposited to the bank on which it was drawn
Credit Union A nonprofit financial cooperative offering deposit accounts
Debit Card A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase
Deposit 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 to write on the back of; especially : to sign one's name as payee
Expense The cost required for something; the money spent on something
FDIC Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits
Fees A payment made for professional advice or services
Financial Literacy Financial literacy is the ability to understand finance
Financial Security A security is a fungible, negotiable instrument representing financial value
Fixed Expense Costs of owning and operating a property that are not discretionary
Income Money received, esp. on a regular basis, for work or through investments
Interest money earned based on your investments and savings
Loan Overdraft Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit)
Memo A written message, esp. in business; a memorandum
Needs necessarily - perforce
Non-sufficient funds (NSF) not having enough money in your checking account to cover the checks that you wrote
Online Banking allows customers to conduct financial transactions on a secure website
Payee A person to whom money is paid or is to be paid
Payer a person who pays money for something
Reconcile to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts
Savings The money one has saved, esp. through a bank or official scheme
Variable Expenses expenses that change in proportion to the activity of a business.
Wants Have a desire to possess or do something
Withdrawal An act of taking money out of an account
Created by: hoperyan