Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
budget and banking
| Term | Definition |
|---|---|
| 1. ATM | automated-teller machine |
| 2. Account Balance | he amount of money in a financial repository, such as a checking account, |
| 3. Budget | , an estimate, often itemized, of expected income and expense for a given period in the future |
| 4. Checking Account | bank account in which checks may be written against amounts on deposit |
| 5. Cleared Check | heck that has cleared the depositor's account and has been marked |
| 6. Credit Union | credit union is a member-owned financial cooperative, democraticall |
| 7. Debit Card | An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services. |
| 8. Deposit | : Money given in advance to show intention to complete the purchase of a property. |
| 9. 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 . |
| 10. Endorse | omething that is written in the process of endorsing |
| 11. Expense | he economic costs that a business incurs through its operations to earn revenue. |
| 12. FDIC | Federal Deposit Insurance Corporation |
| 13. Fees | A fixed sum charged, as by an institution or by law, for a privilege |
| 14. Financial Literacy | he possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters |
| 15. Financial Security | financial instrument that represents: an ownership position in a publicly-traded corporation (stock), a creditor relationship |
| 16. Fixed Expense | A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses that have to be paid by a ... fixed expenses financial definition of fixed expenses |
| 17. Income | the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase |
| 17. Income | the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase |
| 18. Interest | A state of curiosity or concern about or attention to something: an interest in sports. |
| 19. Loan Overdraft | If you have an overdraft account, your bank will cover checks which would otherwise bounce. As with any loan, you pay interest on the outstanding balanc |
| 20. Memo | A memo, short for the word memorandum, |
| 21. Needs | condition or situation in which something is required or wanted: |
| 22. Non-sufficient funds (NSF) | An acronym used in the banking industry to signify that there are "non-sufficient funds" in an account in order to honor a check drawn on that account. |
| 24. Payee | Pronunciation of payee. Translations of payee. payee synonyms, payee antonym |
| 23. Online Banking | A system allowing individuals to perform banking activities at home |
| 25. Payer | One that pays: a prompt payer of bills |
| 2 | |
| 27. Savings | The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment ... |
| 28. Variable Expenses | Variable costs are those costs that vary depending on a company's production volume; they rise as ... |
| 29. Wants | to feel a need or a desire for; wish |
| 30. Withdrawal | retreat or retirement. b. Retreat of a military force in the face of enemy attack or after ... |
Created by:
Marquistl4
Popular Finance sets