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Budget and bank
| Definition | |
|---|---|
| ATM | automated-teller machine |
| Account balance | The current account balance is the difference between a country's savings and its investment. |
| budget | An estimate of income and expenditure for a set period of time. 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. |
| 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 |
| Depit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
| Deposit | 1.The action of deposing someone |
| Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
| Endorse | Declare one's public approval or support of. |
| 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. |
| Finacial Literacy | Financial literacy is the ability to understand finance. |
| Finacial 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 |
| interest | The state of wanting to know or learn about something or someone |
| Loan overdraft | Loan arrangement under which a bank extends credit up to a maximum amount |
| memo | A person's power to remember things |
| needs | Cannot avoid or help doing something |
| non-suffient funds (NSF) | is a term used in the banking industry to indicate that a demand for payment |
| Online banking | A system allowing individuals to perform banking activities at home, via the internet. |
| payee | A person to whom money is paid or is to be paid |
| payer | a person who pays money for something. |
| Reconcile | Restore friendly relations between |
| Saving | An economy of or reduction in money |
| 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 | The action of withdrawing something |
Created by:
allenwright
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