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Chapter 17.1.2.3busi

QuestionAnswer
Bank a financial institution
Commercial Loan a loan made to a business
Consumer Loans loan made to an individual for personal use
Nonbank offers products and services
Check a written order requiring the financial institution to pay previously deposited money to a third party on demand
Endorsement the payee's signature on the back of the check
Unsecured Loan loan that is not backed by collateral
secured loan loan backed b collateral
EFT transferring money by computer
Direct deposit electronic transfer of a paycheck
Savings Account a way to save money
CD a time deposit account that requires a specified minimum deposit for a fixed period
Created by: jtroush
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