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Budget and banking
| word | An automated teller | |
|---|---|---|
| Checking Account | An account at a bank against which checks can be drawn by the account depositor. | |
| Cleared Check | The movement of a check from the depository institution at which it was deposited back to the institution on which it was written | |
| Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc | |
| 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. | |
| Budget | An estimate of income and expenditure for a set period of time. | |
| 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 | |
| Financial literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills | |
| Financial Security | A security is a fungible, negotiable instrument representing financial value. | |
| Fixed Expense | Any expense that does not change from period to period, such as loan payments | |
| Income | Money received, esp. on a regular basis, for work or through investments. | |
| Intrest | The price paid for borrowing money | |
| Loan Overdraft | deficit in a bank account caused by drawing more money than the account holds. | |
| Memo | A written message, esp. in business; a memorandum. | |
| Needs | Cannot avoid or help doing something | |
| Non-sufficent Funds | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored. | |
| Online Bankimg | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail | |
| 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 | |
| Savings | 1.An economy of or reduction in money, time, or another resource | |
| 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); wish for. | |
| withdrawl | An act of taking money out of an account. | |
| atm | An automated teller | |
| Account Balance | A balance of money |
Created by:
Jheard
Popular Finance sets