click below
click below
Normal Size Small Size show me how
Unit 5 FM
Vocabulary Terms Review for Unit 5: Credit
Term | Definition |
---|---|
Billing Statement | Tells how much you owe for goods and services. |
Account | Record of financial transactions |
Utility bill | Bill for services such as electricity, water, garbage, collection. |
Housing Bills | Rent or Mortgage payment |
Company | Provider of goods or services |
Customer | The person who receives goods or uses services provided |
Account Number | Unique combination of numbers and/or letters that identifies a specific customer. |
Billing Period | The period for which the current charges are calculated |
Remittance Information | The address to which you should send the payment, or other way to pay your bill. |
Currency | Cash or other transactions that treated just like cash |
Three forms of currency | Paper money (bills) and coins; checks; and debit card |
Overdraft fees | Charges that occur when a person withdraws money from an account in which there is not that much money in the account. |
PIN | Personal Identification Number used to access an ATM or to access secured online environments. |
ATM | Automated Teller Machine |
Credit Score | An overall grade of a person's credit worthiness |