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Budget and Banking
| ATM | Definition |
|---|---|
| Account Balance | 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 |
| Budget | a usually leather pouch, wallet, or pack; also: its contents |
| Checking Account | a bank account against which the depositor can draw checks |
| Cleared Check | To find out what is check clearing, see this explanation. |
| Credit Union | a cooperative association that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts) |
| Debit Card | a card like a credit card by which money may be withdrawn or the cost of purchases paid directly from the holder's bank account without the payment of interest |
| Deposit | to place especially for safekeeping or as a pledge; |
| Direct Deposit | a method of payment in which money is transferred to the payee's account without the use of checks or cash |
| Endorse | to write on the back of; especially: to sign one's name as payee on the back of (a check) in order to obtain the cash or credit represented on the face |
| Expense | the act or an instance of expending |
| FDIC | Federal Deposit Insurance Corporation |
| Fees | an estate in land held in feudal law from a lord on condition of homage and service (2): a piece of land so held |
| Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge |
| Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized |
| Fixed Expense | (FIXED EXPENSES) Costs of owning and operating a property that are not discretionary and, except for occasional increases, |
| Income | a gain or recurrent benefit usually measured in money that derives from capital or labor; also: the amount of such gain received in a period of time |
| Interest | right, title, or legal share in something (2): participation in advantage and responsibility |
| Loan Overdraft | loan attached to your checking account |
| Memo | a written statement or sentences sayin what people is checking for |
| needs | A motivating force that compels action for its satisfaction |
| Non-sufficient funds (NSF) | A term used to indicate when an item such as a check, or other transaction presented for payment |
| Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website |
| 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 | A bank account that earns interest. |
| Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business |
| Wants | Have a desire to possess or do (something |
| Withdrawal | 1.The action of withdrawing something. |
Created by:
TNelson
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