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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


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

Budget and Banking

TermDefinition
ATM Acronym for automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking activities (checking one's balance, withdrawing or transferring funds) even when the bank is closed
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 itemized forecast of an individual's or company's income and expenses expected for some period in the future.
Checking Account An account which allows the holder to write checks against deposited funds
Cleared Check Check that has been cashed or deposited at a bank
Credit Union A non-profit financial institution that is owned and operated entirely by its members.
Debit Card A card which allows customers to access their funds immediately, electronically. Unlike a credit card, a debit card does not have any float.
Deposit Money transferred into a customer's account at a financial institution.
Direct Deposit The deposit of funds directly into a bank account as a form of payment. Common uses for direct deposit include paychecks and tax refunds.
Endorse A signature used to legally transfer a negotiable instrument.
Expense A signature used to legally transfer a negotiable instrument.
Income For individuals, money earned through employment and investments.
Interest The return earned on an investment.
Loan Overdraft The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation
Memo A statement about what the check is for
Needs A condition or situation in which something is required
Non-sufficient funds You don't have enough money in the bank for the checks you have written out.
Online Banking A system allowing individuals to perform banking activities at home, via the internet
Payee One who receives a payment, such as through cash, check, money order, or promissory note.
Payer One who gives payments through cash, check. money order, or promissory note.
Reconcile to make two financial accounts or statements agree.
Savings The part of a person's income that is not spent.
Variable Expenses An unavoidable periodic cost that does not have a constant value, such as an electric bill.
Wants A condition or situation in which something is desired
Withdrawl A removal of funds from an account
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 and, except for occasional increases, do not change from month to month. Examples are realty taxes, insurance costs, etc.
Created by: cprouty