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
Banking11
| Question | Answer |
|---|---|
| ATM | automated-teller machine |
| Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment. |
| Budget | 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. 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, low-interest loans |
| 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. |
| Endorse | Declare one's public approval or support of. |
| Expense | The cost required for something; the money spent on something. The cost required for something; the money spent on something. The cost required for something; the money spent on something. The cost r |
| FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
| Fees | 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 and knowledge that allow an... |
| Financial Security | security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities... |
| Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change... |
| Income | Money received, esp. on a regular basis, for work or through investments |
| Interest | The amount charged, |
| Loan Overdraft | arrangement under which a bank extends credit up to a maximum amount |
| Memo | message, esp. in business; a memorandum. |
| Needs | requirement, necessary duty, or obligation |
| Non-sufficient funds (NSF) | A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the availabl... |
| Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or... |
| 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 | 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 | A lack or deficiency of something |
| Withdrawal | An act of taking money out of an account. |
Created by:
Janaee3
Popular Finance sets