click below
click below
Normal Size Small Size show me how
Budget and Banking
Term | Definition |
---|---|
ATM | automated-teller machine |
Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment |
3. Budget | An estimate of income and expenditure for a set period of time. |
4. 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. |
5. Cleared Check | check was cashed or deposited |
6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans |
7. Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
8. Deposit | A sum of money placed or kept in a bank account, usually to gain interest |
9. Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
10. Endorse | To sign a legal document, such as a check |
11. Expense | The cost required for something; the money spent on something. |